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SpaceLink Status Update

SpaceLink parent company Electro Optic Systems (EOS) is experiencing financial difficulty and has been unable to raise external capital in support of SpaceLink. As a result, SpaceLink has ceased operations. The company has entered into an Assignment for the Benefit of Creditors (ABC) process which is being administered by Stapleton.

SpaceLink Status

  • SpaceLink parent company Electro Optic Systems (EOS) is experiencing financial difficulty and has been unable to raise external capital in support of SpaceLink. As a result, SpaceLink has ceased operations.SpaceLink has ceased operations.
  • The company has entered into an Assignment for the Benefit of Creditors (ABC) process which is being administered by Stapleton.
  • SpaceLink planned to address the growing market for real-time space relay with a strong business plan and a robust technical solution. However, today’s economic environment has caused severe headwinds that are impacting space startups seeking investment.
  • It is unfortunate that SpaceLink was unable to find funding at a time when the space economy is increasingly dependent on real-time communications systems and NASA is looking for commercial alternatives to TDRS.
  • The SpaceLink relay system was designed to be an elegant solution using optical space-to-space links from a MEO orbit, where it has continuous line-of-sight access to spacecraft on orbit as well as its dedicated U.S.-based ground network. SpaceLink has ceased operations.

Background 

  • Increased human spaceflight missions and proliferated LEO constellations are creating ground station bottlenecks and conflicted RF spectrum for many satellite operators. The SpaceLink network was designed to relieve this congestion and address the demand for immediate data delivery.
  • SpaceLink’s system architecture and design are complete, and key suppliers were selected and ready to move forward.
  • The company has developed proprietary network modelling, resource optimization, and scheduling management software to optimize the capacity and throughput of the relay satellite constellation as it establishes links with client spacecraft.
  • SpaceLink’s total capital requirement was on the order of $250M. The company had anticipated raising an initial equity tranche of $50-75M, followed by additional rounds combining equity and debt investment.SpaceLink has ceased operations
  • The SpaceLink business model forecasted near-term revenue potential exceeding $150M per year, with billion-dollar long-term potential.
  • SpaceLink was incorporated in Sept. 2020 and had 32 full time employees, with offices in Northern Virginia and California’s Silicon Valley.
  • SpaceLink’s long-term vision was to build a 10 Tbps orbiting optical cloud for continuous, high-capacity communications between space and the ground.
  • It was a wholly owned subsidiary of EOS, a company traded on the Australian Stock Exchange.

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