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SEALSQ signed a binding letter of intent for satellite capacity and ground operations access for 12 WISeSat.Space satellites, with approximately $15 million in consideration over the next 18 months, to support development of its Quantum Spatial Orbital Cloud.
WISeSat.Space signed a binding letter of intent with SEALSQ for capacity tied to 12 satellites, plus mission control, ground segment, spectrum filing and operations support for QSOC. The agreement is subject to definitive agreements and terms.
The transaction is estimated at $15 million over the next 18 months. It follows a recent $10 million PIPE in WISeSat.