Viasat and Space42 form Equatys with up to $1B funding for NTN network
Sep 14, 2026, 1:04 AM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Direct involvement in a high-profile, funded joint venture enhances long-term revenue visibility and strategic value for VSAT; execution and regulatory risk remain, but the headline milestones could trigger positive re-rating as milestones progress.
AI summary
What happened, with direct paths to the underlying reporting
Space42 and Viasat announced Equatys, a shared space and ground infrastructure platform backed by up to $1 billion in combined equity. Viasat is positioned as the prime technology contractor, and initial funding accelerates a scalable constellation enabling direct-to-device satellite connectivity for smartphones and IoT. The venture targets growth in the non-terrestrial MSS market as 3GPP NTN standards mature.
Space42 and Viasat commit up to $1B in equity for Equatys.
Equatys accelerates initial constellation; Viasat to be prime technology contractor.
Tower Company model to share space and ground infrastructure.
3GPP NTN standards enable D2D connectivity via satellite.
Each founder commits $400M now; Space42 may add $200M later.
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