SEALSQ (LAES) announced that its Board of Directors has formally approved a $10 million strategic investment in WISeSat.Space AG, joining its parent company WISeKey International, to accelerate the planned deployment of a secure, quantum-ready satellite constellation. The $10 million investment secures SEALSQ a 9% equity stake in WISeSat, based on a pre-money valuation of $115 million established through a valuation conducted by an independent expert. This milestone financing will enable WISeSat to scale up its operations and accelerate the deployment of its planned satellite constellation, as well as provide the flexibility to evaluate opportunities for expanding its access to pre-existing satellite infrastructure through strategic partnerships and investments.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAES:
- Quantum Leap: Nvidia CEO says quantum computing technology at inflection point
- Unusually active option classes on open June 11th
- Sealsq extends relationship with Landis+Gyr
- Warner Bros. Discovery to split up, Qualcomm buying Alphawave Semi: Morning Buzz
- Trump Trade: U.S., China representatives to meet about trade