India, March 11 -- Sateliot, the first company to operate a Low-EarthOrbit (LEO) 5G IoT satellite constellation acting as a seamless roaming extension of cellularnetworks, will launch four new satellites into space this year with SpaceX.

With the deployment of these four satellites plus the two already orbiting the Earth, Sateliot enters the first phase of its constellation, opening its commercial phase. Sateliot, which counts partners such as Indra, Cellnex, or Sepides, will begin billing the €187 million of binding orders with over 350 clients in more than 50 countries worldwide. With these recurring revenues, the company aims to generate €500 million in revenue by 2027 and become a one billion revenue company by 2030.

The...