EIB €30m loan to Sateliot
Co-finance the rollout of a constellation of over 100 LEO satellites for 5G narrowband IoT
Key terms
- Borrower or issuer
- Sateliot
- Date
- 4 Dec 2024
- Type
- Government finance
- Amount
- €30m (US$32m)
Recorded terms
- Structure
- Venture debt loan; the EIB's first with a Spanish space company
- Lenders and arrangers
- European Investment Bank
- Country
- Spain
Parties
- Sateliot borrower or issuer
- Public lenders and funders: European Investment Bank
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 16 Dec 2024 | IRIS² concession contract (SpaceRISE) | Government finance | €10.6bn |
| 23 Dec 2024 | EIB €150m loans to SES (2024) | Government finance | €150m |
| 13 Sep 2024 | Telesat Lightspeed government loans (Canada and Quebec) | Government finance | C$2.54bn |
| 23 Sep 2025 | EIB €37.5m venture loan to Aerospacelab | Government finance | €37.5m |
| 7 Apr 2026 | EIB €30m venture loan to PLD Space | Government finance | €30m |
Sources
- EIB finances with €30 million Sateliot's satellite network rollout eib.org · 4 Dec 2024
About this record
Record ORB-2024-0013, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Government and EU money comes as loans, guarantees or grants tied to a policy aim, with conditions on use of proceeds and reporting.
