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Space42, Viasat Finalize Equatys Formation Deal, Each To Contribute $400M Initially With $200M More From Space42 In Future Round

BenzingaBenzinga Newsdesk

Funding Commitment: Signing of binding agreement provides for up to USD1 billion in combined equity commitments from Space42 and Viasat as the initial co-founders of EquatysProgram Progression: Simultaneous signing of

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    Space42 und Viasat unterzeichnen verbindliche Vereinbarung zur Gründung von Equatys: erste gemeinsame Plattform für Weltraum- und Bodeninfrastruktur für globale Direct-to-Device- und fortschrittliche MSS-Konnektivität

    Space42 and Viasat have signed a binding agreement to establish Equatys, a joint space and ground infrastructure platform for global Direct-to-Device and advanced mobile satellite services. The companies commit up to $1 billion in combined equity, with Viasat serving as the primary technology contractor. The platform aims to leverage over 100 MHz of coordinated MSS spectrum and relationships with 400+ mobile operators worldwide to enable satellite connectivity on standard smartphones and IoT devices.

  2. Globenewswire IncNa

    Space42 与 Viasat 签署约束性协议,共同创立 Equatys,打造全球首个面向直连设备与先进 MSS 连接的共享太空及地面基础设施平台

    Space42 and Viasat have signed a binding agreement to establish Equatys, a shared satellite and ground infrastructure platform for direct-to-device (D2D) and advanced mobile satellite services. The two companies will commit up to $1 billion in combined equity, with each contributing $400 million initially and Space42 adding $200 million in a future third-party funding round. The platform will operate on a 'tower company' model, allowing multiple operators to share standardized infrastructure while maintaining independent customer relationships. Viasat will serve as the chief technology contractor.

  3. Globenewswire IncNa

    Space42·Viasat, Equatys 공동 설립 위한 구속력 있는 계약 체결…글로벌 D2D·첨단 MSS 위한 최초의 공동 우주·지상 인프라 플랫폼 구축

    Space42 and Viasat have signed a binding agreement to establish Equatys, a neutral shared space and ground infrastructure platform for Direct-to-Device (D2D) and advanced Mobile Satellite Service (MSS) connectivity. The companies commit up to $1 billion in combined equity investments, with Space42 and Viasat each investing $400 million initially, and Space42 committing an additional $200 million in future funding rounds. Equatys will operate on a tower company model, enabling multiple satellite operators to share infrastructure while maintaining independent frequency rights and customer relationships. The platform is designed to scale to 2,800 satellites across 60 orbital planes and 3 altitude layers.

  4. Globenewswire IncNa

    スペース42とバイアサット、エクアティスを共同設立するための拘束力のある契約を締結し、グローバルなダイレクト・ツー・デバイス接続および高度なMSS接続に向けた初の共有宇宙・地上インフラプラットフォームを構築する

    Space42 and Viasat have signed a binding agreement to jointly establish Equatys, a shared space and ground infrastructure platform designed to provide direct-to-device (D2D) and advanced mobile satellite services (MSS) connectivity globally. The two companies commit up to $1 billion in combined equity funding. Equatys will operate on a tower company model, allowing multiple licensed operators to share satellite and ground infrastructure while maintaining their own frequency licenses and commercial relationships. The initial constellation is designed to expand to 2,800 satellites across 60 orbital planes and three altitude layers.