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