Verified facts grounded in source documentation.
LeoSat had secured $2,000,000,000 in soft commitments from customers wanting to use its network once deployed.
LeoSat announced plans for an 84-satellite constellation.
Hispasat and Sky Perfect Jsat made equal, undisclosed investments toward LeoSat’s Series A, which was downsized from $100,000,000 to $50 million, and reneged on a plan to increase their investments.
LeoSat canceled plans to launch two prototype satellites next year and chose to perform technology validation on the ground with Thales Alenia Space and investor Sky Perfect Jsat of Japan.
LeoSat plans to launch 78 operational satellites and six in-orbit spares for its high-speed, secure data network.
LeoSat abandoned plans to launch two demonstration satellites after completing ground-based tech validation with Thales Alenia Space and Sky Perfect Jsat.
LeoSat intends to raise $1,200,000,000 in equity and borrow $2,400,000,000 in debt to finance its constellation.