Satellite broadband startup LeoSat: Regulatory access to be challenge for all global systems

by Peter B. de Selding

TOKYO — Startup broadband satellite constellation provider LeoSat expects to receive confirmation from fleet operator Sky Perfect JSat of an investment to enable LeoSat to complete its $100 million financing round, LeoSat Chief Executive Mark Rigolle said Oct. 11.

Rigolle said LeoSat believes the JSat commitment will unblock other investors, who have said they would prefer to enter LeoSat’s equity behind an initial investment by an established company like JSat, which is a major satellite fleet operator. “We hope to get the round closed early next year,” he said.

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