Astranis secures $468m EXIM credit line to ramp GEO satellite production

Satellite maker Astranis has signed a $468 million credit agreement with the Export-Import Bank of the United States (EXIM) to expand advanced manufacturing of geostationary satellites at its Northern California factory. The deal brings the company's total funding to $1.66 billion.

• The $468m EXIM credit brings Astranis' total funding to $1.66bn
• Five GEO craft built at its 153,000 sq ft facility are already in orbit
• J.P. Morgan's Securitized Products Group arranged and structured the deal
• MicroGEO Block 3 satellites for Saudi Arabia are set to launch in 2027