Total funding in low earth orbit satellites (LEOs) surpassed $100m in 2021 to support the decline of satellite launch costs, innovative satellite tracking antennas, and ground station equipment to meet the growing satellite internet market demand and provide connectivity in hard-to-access environments.

Between 2020 and 2021, total investment in LEO surged by 650%.

GlobalData’s recent report “Internet from Sky: Can LEO Satellites Transform the Future of Connectivity?” reveals large corporations use mergers and acquisitions to provide connection and communication services driven by LEOs.

Listed below are some notable mergers and acquisitions (M&A) in the LEOs ecosystem before 2021.

Bharti Enterprises, a Indian-based provider of Telecommunications acquired stake in Oneweb.world, a UK-based provider of satellite Internet.

Amazon acquired a team of more than a dozen satellite experts from Meta (formerly known as Facebook) to work on Project Kuiper. The wireless internet experts were hired by Amazon as it aims to launch thousands of satellites and roll out broadband services in the US and abroad

Space Exploration Technologies Corp. (SpaceX), a company that designs and manufactures space launch vehicles, has agreed to acquire Swarm Technologies, a developer of communications network. Both companies involved in the transaction are based in the US.

ViaSat Inc, a US-based company that offers communication products and services, announced to acquire Inmarsat Group Holdings Ltd, a UK-based provider of mobile satellite communications services, and operator of satellite-based networks.

The report also outlines the total investment trends, venture capital investment trends, leading investors, corporate investors and investees, prominent M&A initiatives, and notable SPAC deals.

Get your hands on the report here: https://bit.ly/36AK835