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Operators can access AscendArc's technology through leasing terms, enabling capital-efficient growth.
AscendArc's design and manufacturing approach improves the economics and throughput performance in GEO.
SLI provides an option for all future AscendArc customers to lease their satellites.
AscendArc delivers a cost per Mbps that aligns with operator demands.
The deal between SLI and AscendArc is valued in excess of $200 million.
Satellite operators can now lease an AscendArc satellite for a monthly fee instead of purchasing it outright.
The $200 million commitment from SLI puts AscendArc in competition with Astranis in the Micro-GEO sector.
The first 'Space Lessor' fleets may emerge by 2027 if SLI and AscendArc succeed.
AscendArc's partnership with SLI emphasizes the lease aspect, allowing customers control of the payload without ownership burdens.
Space Leasing International (SLI) signed a Heads of Agreement to purchase and lease back two Micro-GEO satellites from AscendArc.
The SLI-AscendArc deal introduces an Airline Model to space leasing.
The use of electric propulsion reduces the need for massive chemical fuel tanks in AscendArc's satellites.
AscendArc utilizes highly efficient electric propulsion for orbit raising and station-keeping.
AscendArc's Micro-GEO platform weighs less than 1,000 kg.
Space Leasing International (SLI) signed an initial agreement with AscendArc to purchase two small GEO satellites with a combined value of over $200 million.
SLI aims to connect cost-conscious satellite operators with the low-cost offerings provided by AscendArc's technology.
The deal between SLI and AscendArc is expected to close in the next three months and the satellites could fly as early as late 2028.
AscendArc builds significantly smaller satellites than alternatives, which can often weigh multiple tons.
AscendArc's technology delivers a cost per Mbps that aligns well with operators' requests for improved economics and throughput performance in GEO.
With the SLI deal, AscendArc aims to demonstrate the value of its satellites to a broader range of customers that could not otherwise afford to operate in GEO.