WuBlockchain
Space Network, the infrastructure company behind Spacecoin, signed a binding $50 million pre-order agreement with HQ Company to bring satellite connectivity to the Philippines. Space Network will provide network access, hardware, software and engineering support; HQ Company will manage local sales, customer acquisition, spectrum authorizations and operations.
Why it matters
The agreement adds to Space Network’s commercial commitments as it works to expand its low Earth orbit constellation from four satellites to approximately 230 by 2029 and begin commercial services. The company also signed a $100 million deal with Vietnam’s DETI Technology in June 2026.
Market impact
Together, the Philippines and Vietnam agreements bring Space Network’s commercial pre-orders to $150 million in four months. The planned constellation expansion and rollout of commercial services are key milestones to watch.
Frequently asked questions
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What does Space Network provide under the Philippines agreement?
Space Network will provide Freeport network access, hardware, software and engineering support.
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What responsibilities will HQ Company take on?
HQ Company will handle local sales, customer acquisition, spectrum authorizations and operations.
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How much in commercial pre-orders has Space Network secured?
The Philippines agreement and the deal with Vietnam’s DETI Technology bring Space Network’s commercial pre-orders to $150 million in four months.
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How large does Space Network plan to grow its satellite constellation?
Space Network plans to expand from four LEO satellites in orbit to approximately 230 by 2029.
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What milestone is Space Network targeting after expanding its constellation?
The company plans to begin commercial services as it grows its constellation.
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