Viasat and Space42 commit up to $1 billion to Equatys
Viasat (VSAT) and Space42 agreed to establish Equatys, a direct-to-device platform connecting smartphones and other devices to satellites, and committed up to $1 billion in equity to the venture.
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Abu Dhabi’s Space42, Viasat to invest up to $1bln in satellite connectivity venture
By Staff WriterAbu Dhabi’s Space42 an AI-powered spacetech company, and US satellite communications firm Viasat will commit up to $1 billion in initial equity to set up Equatys, a shared space and ground infrastructure platform aimed at expanding mobile connectivity beyond the reach of terrestrial…
Viasat, UAE's Space42 commit up to $1 billion to satellite connectivity venture
Viasat NASDAQ:VSAT and UAE-based Space42 ADX:SPACE42 said on Monday they signed an agreement to establish Equatys, a platform that aims to connect smartphones and other devices directly to satellites, and committed up to $1 billion in equity.Under the agreement, Space42 and Viasat will each make an…