Mangata secures $100M in new financing, will build satellite factory in Scotland for HEO/MEO constellation

by Peter B. de Selding

PARIS — Startup B2B satellite constellation operator Mangata Networks has secured $99.8 million in loans from a group of Scottish institutions coordinated by Scottish Enterprise — a Mangata equity owner — and selected a greenfield site in Prestwick, Scotland, for its satellite manufacturing plant.

Mangata’s network of up to 750 satellites can be built out incrementally as demand develops. The company said it has already signed binding take-or-pay contracts for 1.5 terabits per second of capacity, “nearing full capacity of our initial 32 satellites,” Mangata said in . . .

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