DeFi· ★★· neutral·

Space Network signs $50M satellite connectivity pre-order deal in the Philippines

  • —The deal with HQ Company International Holdings is valued at $50 million
  • —Space Network will provide access, hardware, software and engineering support
  • —The June agreement with DETI Technology was worth $100 million, totaling $150 million
  • —Freeport operates 4 satellites and plans to expand to about 230 by 2029
Why it matters: The project expands satellite infrastructure for connectivity, potentially strengthening the narrative around decentralized networks and the Spacecoin token.
Source: PANews
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