ReOrbit, a Finland-based satellite manufacturer, has signed an agreement with asset-financing specialist SLI for the purchase of two next-generation geostationary (GEO) communication satellites with a combined value of €150 million. The deal comes as governments and operators worldwide are accelerating their drive towards fully independent sovereign space infrastructures. Through SLI's platform, satellite operators can access advanced technology on leasing terms instead of outright purchase, supporting more capital-efficient satellite deployment.
Founded in 2019 and headquartered in Helsinki, Finland, ReOrbit is a European space technology company that designs and builds software-defined, interconnected satellites for high-speed data processing and resilient communications in orbit. Unlike traditional satellite manufacturers, ReOrbit gives nations and organisations full ownership and control of their space infrastructure, enabling strategic autonomy across civil, commercial, and defense applications.
SLI is the aerospace subsidiary of Libra Group and draws on the group's 50+ years of leasing experience across multiple high value asset classes. The company invests in and leases mission-critical aerospace assets spanning satellites and space infrastructure to next-generation aviation technologies. The agreement reflects the increasing demand for sovereign and resilient space infrastructure, as governments and operators seek greater control over strategic satellite capabilities. By combining SLI's flexible financing platform with ReOrbit's satellite technology, the partnership enables operators to access advanced satellite systems while maintaining full control over their space assets.
Sethu Saveda Suvanam, CEO of ReOrbit commented, "With this contract we continue our mission of delivering the industry's most competitive dollar-per-gigabit-per-second pricing for sovereign small GEO communications satellites. We value SLI's confidence in our technology and look forward to expanding partnership opportunities with sovereign operators." Praveen Vetrivel, CEO of SLI, commented, "We see significant value in this satellite class and the operational advantages it brings to operators. ReOrbit's engineering approach enhances throughput and economics while numerous governments under budgetary pressure rush to attain a fully independent space infrastructure. The combination of ReOrbit's technology and the low cost of entry via SLI's finance platform, can swiftly contribute to national security and long-term resilience."
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