Spanish satellite operator Sateliot in talks to offer 5G to European armies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2025
0mins
Source: Reuters
Sateliot's Military Engagement: Spanish satellite startup Sateliot is negotiating with European defense ministries to provide 5G connections for military use, aiming to reduce reliance on non-European services like Starlink. The company has secured funding and signed an exclusivity agreement with defense contractor Indra.
Commercial Plans and Growth Goals: Sateliot plans to launch commercial services within two months, targeting various sectors including logistics and agriculture, with a goal of deploying 100 satellites by 2028 and achieving 1 billion euros in revenue by 2030.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
