Constellation Technologies & Operations Raises €9.3M to Empower Telecom Operators to Offer Internet Access from Space

Press release : Saint-Quentin-en-Yvelines (France), October 14, 2024

Constellation Technologies & Operations, a start-up developing a constellation of satellites to empower telecom operators to deliver high-speed, low-latency internet access from space, has secured €9.3 million in funding. The investment comes from Expansion, which is a fund dedicated to New Space and New Air Mobility, and the French Tech Seed fund managed by Bpifrance on behalf of the French government, as part of the France 2030 plan in addition to its historical investor. This funding will enable the company to conduct its first end-to-end connectivity tests on the ground and in orbit, and complete detailed engineering studies for the first two satellites of its constellation.

Internet Access From Space: A New Opportunity for Telecom Operators in a Market Dominated by New Entrants.

The global market for high-speed, low-latency internet from space is expanding rapidly, driven by the convergence in performance and pricing between terrestrial and satellite connectivity for the first time in telecommunications history. According to a 2023 GSMA Intelligence report, this market represents a potential $35 billion annual revenue opportunity for telecom operators by 2035. However, this growing market is largely being captured by new telecom entrants, particularly U.S. projects like SpaceX’s Starlink and Amazon’s Kuiper, along with Chinese ambitions. These players are already developing or operating satellite B2C constellations, with several thousands of satellites – a number that could reach tens of thousands in the future. [...] READ MORE