Space42 and Viasat sign $1B agreement to form satellite venture Equatys

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Go back to Space42 and Viasat sign $1B agreement to form satellite venture Equatys

Space42 and Viasat Sign Binding Agreement to co-found Equatys, Creating the First Shared Space and Ground Infrastructure Platform for Global Direct-to-Device and Advanced MSS Connectivity

September 14, 2026 1:00 AM EDT

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 agreement to step-up funding accelerates program development of the initial satellite constellation; Scalable constellations initial tranche to be awarded upon formation of Equatys with planned appointment of Viasat as prime technology contractorStrategic Differentiation: Equatys intended to offer a foundation for choice and interoperability and... More