SEALSQ Approves $10M Investment in WISeSat for Quantum Satellite Deployment
SEALSQ Approves $10M Investment in WISeSat for Quantum Satellite Deployment

SEALSQ Approves $10M Investment in WISeSat for Quantum Satellite Deployment

News summary

SEALSQ Corp has committed a $10 million strategic investment in WISeSat.Space AG, acquiring a 9% equity stake based on a $115 million pre-money valuation to accelerate the deployment of a quantum-ready satellite constellation. WISeSat plans to launch its WISeSat 3.0 satellite in June 2025, which will feature post-quantum capabilities and enable machine-to-machine transactions using SEALCOIN and Hedera's decentralized ledger technology. The company is expanding its launch operations through partnerships with PLD Space and SkyRoot Aerospace, enhancing its global satellite deployment capacity. SEALSQ's investment supports its broader strategy to build a quantum-resilient satellite network providing ultra-secure communications and IoT services, aligning with the growing quantum communication market projected to expand at a 31.8% CAGR from 2025 to 2030. The initiative introduces a Satellite-as-a-Service business model, generating recurring revenue through connectivity subscriptions and secure data monetization. SEALSQ's strong financial position and expertise in semiconductors and post-quantum technologies underpin this strategic move to capitalize on the emerging quantum communication sector.

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