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The first mission under the D-Orbit–Astrocast agreement is slated for no sooner than November 2022 on a SpaceX Falcon 9 and will launch D-Orbit’s ION Satellite Carrier with four Astrocast satellites onboard.
Astrocast plans to grow its constellation to 40 satellites in 2023 and to operate 100 satellites by 2025.
D-Orbit plans to launch another batch of six 6U satellites for Astrocast in 2023 and 10 more in 2024 to complete the launch agreement.
D-Orbit will launch 20 nanosatellites over three years for Swiss startup Astrocast using its orbital transfer vehicle.
Terrestrial networks provide connectivity covering 15% of the planet, leaving 85% of the planet to be covered via Satellite IoT in ArrowSpot and Astrocast’s joint solution.
Astrocast plans to buy Hiber with newly issued shares that currently represent a 16.5% stake in Astrocast.
Astrocast said it needs more funds to expand its constellation from 12 satellites, including two test spacecraft, to 20 before the end of 2022 and to 40 in 2023.
Astrocast aims to be operating 100 satellites in low Earth orbit by 2025.
Astrocast plans to buy Dutch connectivity solutions provider Hiber and expects the deal to occur after 2022-05-30.
Hiber’s shareholders agreed to invest €10.45 million in Astrocast’s public offering.
Astrocast operates a global smallsat IoT network offering services in industries such as Agriculture & Livestock, Maritime, and Environment & Utilities.
Hiber agreed to invest around $11,000,000 in Astrocast’s second stock market listing later 2022 to help meet near-term funding needs.
Astrocast estimated in its 2022-05-13 annual financial report that it needs to raise 43 million Swiss Francs in 2022 for expansion plans to improve coverage and satellite revisit rates.
Astrocast will issue new Astrocast shares to Hiber’s shareholders representing 16.5% of Astrocast’s share capital calculated prior to Astrocast’s previously announced public offering on Euronext Growth Paris.
Astrocast was founded in 2014 and develops and tests all its products in-house from satellites to terminals.
Astrocast became a public company in August by raising about $42,000,000 through a listing on Euronext Growth Oslo in Norway.
Astrocast aims to raise 60–80,000,000 EUR by listing shares on the Euronext Growth Paris junior stock market.
Spaceflight signed a multi-launch agreement with IoT constellation customer Astrocast to provide ongoing launch services.
In February 2020, Astrocast and Spaceflight signed a multi-launch agreement for the launch of 10 additional IoT smallsats representing Astrocast’s sixth launch booked with Spaceflight.
Astrocast and Spaceflight partnered to launch an additional five smallsats on Spaceflight’s SXRS-5 mission in January 2021.