Finland’s ReOrbit signs 150 million euro satellite deal

ReOrbit, a Finland-based satellite manufacturer, has signed an agreement with asset financing specialist SLI for two next-generation geostationary communications satellites, with a combined value of 150 million euro.

The deal comes as governments and operators accelerate efforts to develop sovereign space infrastructure, according to a statement from ReOrbit.

- With this contract, we continue our mission to deliver highly competitive cost-per-gigabit-per-second performance for sovereign small GEO communications satellites, said Sethu Saveda Suvanam, chief executive of ReOrbit.

Interconnected satelites

Through SLI’s platform, satellite operators can access advanced technology via leasing rather than outright purchase, supporting more capital-efficient deployment.

Founded in 2019 and headquartered in Helsinki, ReOrbit designs and builds software-defined, interconnected satellites for high-speed data processing and resilient in-orbit communications.

The agreement reflects growing demand for sovereign and resilient space infrastructure, as governments and operators seek greater control over strategic satellite capabilities.

By combining SLI’s financing platform with ReOrbit’s satellite technology, the partnership enables operators to access advanced systems while retaining control over their space assets.

Praveen Vetrivel, chief executive of SLI, said the company sees strong value in this class of satellite and the operational advantages it offers operators.