Sateliot Expands Horizons with €10M Investment in Space Technology

Monday, 23 September 2024, 05:02

Sateliot has secured €10M in funding, bolstering its position in satellite technology. This strategic investment aims to enhance its low-Earth orbit nanosatellite constellation utilizing 5G NB-IoT NTN standards, advancing space communications significantly.
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Sateliot Expands Horizons with €10M Investment in Space Technology

Sateliot's Bold Investment

Barcelona-based Sateliot stands at the forefront of space technology with its recent acquisition of €10M from Global Portfolio Investments. This funding will propel their ambitious plans for the first low-Earth orbit (LEO) nanosatellite constellation, specifically designed to harness 5G NB-IoT NTN standards.

Building the Future of Satellite Communications

With this investment, Sateliot aims to revolutionize communications by providing unprecedented connectivity options. Their innovative approach will establish a crucial link between existing cellular networks and satellite technology, paving the way for enhanced global communications.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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