Spanish government invests €13.8m in 5G satellites

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Sateliot has closed a Series B financing round of €70m for its 5G satellites following the approval of a €13.8m investment by the Spanish government.

www.eenewseurope.com/, Mar. 25, 2025 – 

The investment by the Society for Technological Transformation (SETT), approved by the Spanish government, will help the development of a constellation of 100 5G satellites in Low Earth Orbit (LEO). This will enable strategic applications across defence, security, logistics, and critical infrastructure management says Sateliot, based in Barcelona.

The SETT funding follows previously announced deals with Global Portfolio Investments for €10 million and a convertible note of €5.2 million, and €30m from the European Investment bank (EIB), its first venture debt operation in the space sector.

However this this still left a gap, and the company is hoping to tap into the increasing demand for defence and security technologies. This gap was closed with a €10 million investment from Hyperion, Europe’s first defense and aerospace-focused fund, backing the strategic importance of a constellation for secure, space-based communications. Other investors include Indra, Cellnex, and Sepides, which are key players in the fields of telecommunications, defence, and security.

“The confidence shown by SETT and other institutional investors confirms that Sateliot is Europe’s answer to the growing need for secure, accessible, and autonomous satellite connectivity—essential for critical applications in civil, security, and defense sectors,” said Jaume Sanpera, CEO and co-founder of Sateliot.

Sateliot has already launched six satellites into orbit, with the latest four launched in August last year, marking a major milestone as the company prepares to begin a commercial service later this year. The company currently holds €270 million in contracts with over 400 customers across 50 countries and is aiming for €1 billion in revenue by 2030.

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