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With Support of 14 Million Euros, Catalan Company Aims to Launch 250 5G Satellites to Connect Sensors and Devices Worldwide. Project Aligns with European Initiative IRIS².
Sateliot, a Spanish space technology company, has just received an investment of 13.85 million euros from the Spanish government. The funding comes from the European Next Tech fund and will help expand the company’s satellite constellation—all aimed at connecting devices through a 5G network in space. The information was published by the website Xataka this Wednesday (26).
This funding shows that Europe is moving to create a European alternative to Starlink, the satellite internet service from SpaceX, founded by Elon Musk. The idea is to ensure that the continent has autonomy in connectivity and does not fully depend on solutions from the United States.
Sateliot Aims to Launch 250 Satellites by 2026
Sateliot is receiving investment from the Spanish government at a strategic moment. The company, founded in Catalonia in 2018, has already launched six small satellites known as CubeSats and aims to reach 250 units by 2026.
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These satellites are focused on the Internet of Things (IoT), meaning they will allow sensors and devices—such as water meters, cattle trackers, agricultural equipment, and temperature sensors—to function even in areas without cellular or Wi-Fi signal.
According to the portal El País, Sateliot has already made agreements with companies like Telefónica and Amazon Web Services, and estimates to generate an annual revenue of up to 270 million euros, potentially reaching 1 billion euros by 2030.
Support for the IRIS² Project: Europe’s Response to Starlink
This movement is also linked to IRIS², a European Union project aimed at creating its own network of satellites for secure communications, rural connectivity, and military services. The program foresees public and private investment of 10 billion euros and is expected to start operating in 2027.
With support for Sateliot, Spain aims to ensure that companies in the country actively participate in this new space ecosystem. According to Xataka and El País, Sateliot’s constellation could be used to integrate and complement the services of IRIS².
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