Swiss Satellite Maker Expands Production Capacity With New Funding
SWISSto12, a Swiss satellite manufacturer, has secured €73 million in funding from the European Space Agency (ESA) through the HummingSat Advanced Research in Telecommunications Systems (ARTES) Partnership Project. The company also raised additional capital from private investors, bringing the total investment to over €100 million. These funds will support the industrial roll-out plan for SWISSto12’s small geo-stationary satellites, which are designed to be smaller, lighter, and cheaper than traditional alternatives. Major satellite operators such as Intelsat and ViaSat have already ordered these satellites, with the first launch expected in 2027. This development was first reported by AeroTime.