LeoSat Enterprises, founded in 2013, was a company planning to launch a constellation of low-Earth orbit (LEO) satellites. Its aim was to provide high-speed, low-latency, and secure data communication services for enterprise and government markets, utilizing laser communication technology. However, LeoSat faced funding challenges and ultimately went out of business in November 2019.
All verified mentions of this organization in source documents.
Rigolle co-founded Kacific and was CEO of LeoSat until its collapse due to lack of investment.
TBGI signed a three-year managed service agreement on 2021-10-27 with Hong Kong-based satellite operator ABS for the development and maintenance of multiple earth stations nationwide for LEOSAT connectivity.
LeoSat collapsed in 2019 after failing to secure sufficient funding for its $3,000,000,000 LEO broadband network.
Sky Perfect JSAT studied LEO constellations intensively while working with LeoSat and found it difficult to determine if LEO could provide better service than geostationary satellites.
Sky Perfect JSAT invested an undisclosed sum in LeoSat in 2017.
OneWeb and Leosat have exited the LEO broadband field, leaving three remaining contenders: Amazon, SpaceX, and Telesat.
Thales Alenia Space was preparing to build 78 to 108 satellites for LeoSat, a startup planning a $3,000,000,000 constellation.
LeoSat laid off its 13 employees this summer after failing to raise enough money to continue its low Earth orbit broadband constellation.
LeoSat was a broadband constellation venture that shut down in August 2019.
LeoSat formed in 2013 at the start of a wave of low-Earth-orbit constellation activity that included OneWeb, SpaceX, Telesat, and Amazon/Project Kuiper.
LeoSat anticipated that Hispasat and Sky Perfect Jsat would complete LeoSat’s $50,000,000 Series A after each made initial investments, with Jsat investing in 2017 and Hispasat investing in 2018, but neither completed the funding.
LeoSat had secured $2,000,000,000 in soft commitments from customers wanting to use its network once deployed.
The U.S. Federal Communications Commission voided LeoSat’s market access on 2019-09-28 after LeoSat failed to pay required surety bond riders.
Thales Alenia Space filed for the constellation spectrum LeoSat planned to use, and that filing expires in January 2021 unless a satellite is launched to reserve the frequencies.
LeoSat planned to operate a constellation of 78 to 108 satellites for high-speed internet.
LeoSat laid off all 13 employees, including CEO Mark Rigolle, in August 2019.
LeoSat’s business plan projected a maximum payroll of 150 to 160 employees at $2,000,000,000 annual revenue, but the company operated with a lean team of around a dozen people.
LeoSat worked to reduce approximately $500,000,000 from a roughly $3,500,000,000 projected cost of its cross-linked Ka-band constellation.
LeoSat announced plans for an 84-satellite constellation.
LeoSat began working with Thales Alenia Space in 2014 to design a constellation of up to 108 low Earth orbit satellites intended to provide connectivity with large volumes of low-latency capacity for premium customers.