It has also established the first European 5G Satellite Test Centre (STC) for LEO (low Earth orbit) satellites.
The constellation will consist of more than 60 spacecraft to offer 5G IoT services in remote and rural areas.
Mubadala retains a c.60% shareholding in the company and is fully aligned with Yahsat.
Spacecom has recently secured a $38m extension on a services contract from Israel’s government and a $6m contract from a mobile operator in Africa.
The satellite will feature the latest generation of QinetiQ’s PROBA platform, the P200, which can carry up to 28 payloads and is compatible with a range of...
The final offer price for the offering has been set at Dh2.75 ($0.27) per share.
The satellite ‘Ghalib’ aims to study the migration patterns of birds and animals in remote areas.
The merger agreement includes an additional $200m in a concurrent round, called private investment in public equity.
The transaction is expected to allow Satellogic to scale its constellation, with the goal of reaching 300+ satellites by 2025.