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Intelsat in Talks With US Government for MEO Satellite Network Funding

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Intelsat in Talks With US Government for MEO Satellite Network Funding

Intelsat and the U.S. government are holding talks to fund a new medium Earth orbit satellite network. The proposed constellation, comprising 17 satellites, aims to strengthen Intelsat’s multi-orbit broadband network, Intelsat said.

David Wajsgras, Intelsat’s CEO, a 4×24 member and past Wash100 awardee, revealed the satellite operator is finalizing partnerships with manufacturers for the MEO network until June 2024, with a targeted launch window within the next four years. He highlighted strong government interest, particularly for military and civilian applications, suggesting potential financial aid to expedite the project.

Intelsat’s pursuit of an MEO network comes after significant financial restructuring. Emerging from Chapter 11 bankruptcy in 2022, the company has slashed its debt burden from $6 billion to $1.7 billion by year-end 2023, enabling Intelsat to invest in growth initiatives.

Beyond the MEO network, Intelsat recently invested in companies like optical communications solutions developer Aalyria and terminal developers highSky and Greenerwave. Additionally, Intelsat is exploring investments in a yet-unnamed technology company developing direct-to-device satellite connectivity for smartphones and other devices.

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Category: Member News

Tags: constellation David Wajsgras Intelsat Medium Earth Orbit Member News satellite network SpaceNews