Spanish satellite startup Sateliot wants €150 million to beam 5G directly to smartphones from orbit

Sateliot, a Barcelona-based satellite startup, is seeking to raise up to €150 million ($172 million), a 50% increase from the €100 million round it announced in April. The company operates a network of low-Earth orbit satellites and plans to use the funding to deploy 16 more over the next year. By early 2028, it expects […] This story continues at The Next Web