ReOrbit received a 35 million euro investment

ReOrbit, a company based in Europe, has attracted an investment of 35 million euros to develop satellite communications and compete with SpaceX's Starlink system. This was reported by Zamin.uz.

This amount is approximately equivalent to 460 billion soms and represents the largest investment in the company's history. ReOrbit was established in the Republic of Finland and specializes in developing high-tech and modular satellite platforms.

Its main goal is to create an independent satellite infrastructure in the European region and localize data transmission services. The obtained funds will be directed towards creating new satellites, testing them, and launching them into orbit.

Additionally, the company plans to build a fast, secure, and European standards-compliant satellite network. ReOrbit aims to launch its first satellite into orbit in 2026.

This project is considered an important step in forming a competitive and independent satellite communication system in Europe.