We are fundamentally changing the economics of the satellite communications industry by designing and manufacturing low incremental cost, rapidly deployed, high bandwidth, volume produced, small geostationary satellites.
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AscendArc reposted this
When thinking about operating a satellite in GEO, is it better to rent or buy? This week, Space Leasing International (SLI), a subsidiary of the Libra Group conglomerate, signed an initial agreement with AscendArc to purchase two small GEO satellites with a combined value of $200M+. The deal is expected to close in the next three months, and the satellites could fly as early as late 2028. https://lnkd.in/eRKa9sS9
AscendArc reposted this
Big news from the #SLI team this week: we’ve just signed heads of agreement to purchase two of AscendArc’s next-gen Ka-band #GEO satellites valued at over $200 million. This is the first time a satellite manufacturer has partnered with us to offer satellites on leasing terms and represents a major shift from the traditional sales model. It means operators can now access cutting-edge tech as OpEx instead of CapEx, freeing up capital for other strategic needs. This partnership isn’t just a milestone for SLI, it’s a big step forward for the industry. By enabling more flexible access to #GeostationaryOrbit, we’re proud to contribute to AscendArc’s mission to lower the barrier to entry for satellite operators. As our CEO, Praveen Vetrivel, put it: “We have strong conviction in the value of this satellite class and the step-change it represents for operators. AscendArc’s approach to design and manufacturing meaningfully improves the economics and throughput performance in GEO, delivering a cost per Mbps that stands out.” Chris McLain, founder and CEO of AscendArc added, “SLI and its parent company, Libra Group, bring a long history of success in high-value asset leasing, along with the credibility and financial strength needed to complete a deal of this scale.” We’re excited about what this means for the future of satellite access, and proud to help accelerate innovation through new financial models. #Satcom #SatelliteLeasing #AerospaceFinance #GEOsatellite #SpaceEconomy
AscendArc reposted this
SLI bets on satellite leasing with $200 million commitment to AscendArc TAMPA, Fla. — Asset-financing specialist SLI plans to buy two small GEO satellites from U.S. startup AscendArc in a deal valued at more than $200 million, betting that operators will increasingly choose to lease spacecraft rather than buy them outright....
We are thrilled to announce that we have entered into a Heads of Agreement with Space Leasing International (SLI) for the purchase of two satellites valued over $200M! This deal is particularly significant because it opens the door to satellite leasing, rather than the typical direct-purchase path — a major step forward in democratizing access to space. 🛰️ See the press release for the complete story.
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AscendArc reposted this
🌟 APSCC Welcomes AscendArc as Our Newest Member! 🌟 We are pleased to announce that AscendArc has officially joined the APSCC (Asia Pacific Space Community Council). AscendArc is a next-generation, new-space manufacturer of geosynchronous (GEO) satellites, purpose-built for high-volume, low-cost production. Their satellite platform delivers throughput performance and economics that are unmatched in today’s industry — across both GEO and LEO markets. Find out more about AscendArc at https://www.ascendarc.com/ As APSCC continues to support innovation and collaboration across the Asia-Pacific region, we are delighted to welcome AscendArc into our growing community of space and satellite leaders. We look forward to working together and supporting their contributions to the evolving global space ecosystem. 🚀 Welcome to APSCC, AscendArc! #APSCC #SpaceCommunity #SatelliteIndustry #NewSpace #GEO #SpaceInnovation #MemberAnnouncement
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