Space42 and Viasat Sign Binding Agreement to co-found Equatys, Creating the First Shared Space and Ground Infrastructure Platform for Global Direct-to-Device and Advanced MSS Connectivity
Viasat and UAE-based Space42 signed a binding agreement at World Space Business Week in Paris to formally establish Equatys, a shared space and ground infrastructure platform for direct-to-device and advanced mobile satellite services connectivity. The deal provides for up to $1 billion in combined equity commitments — $400 million from each founder at formation, plus an additional $200 million from Space42 tied to a future third-party funding round — with Viasat expected to be appointed prime technology contractor for the initial constellation.
Key figures
- Deal Value Usd
- 1000000000
- Orbital planes
- 60
- Altitude layers
- 3
- Space42 lband markets
- 160+
- Coordinated mss spectrum
- >100MHz
- D2d market projection 2040
- USD 30-70 billion
- Combined equity commitments
- up to USD1 billion
- Viasat equity commitment usd
- 400000000
- Mobile operator relationships
- 400
- Initial equity each founder usd
- 400000000
- Additional space42 commitment usd
- 200000000
- Planned constellation scale satellites
- 2800
AI analysis
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