May 2026
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Largest Satellite Communications Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
EchoStar, China Satellite, AST SpaceMobile, China Spacesat and Planet Labs.
 | Satellite television provides the bulk of EchoStar’s revenue. The firm serves about 5 million US satellite customers, about 10% of the traditional television market. It also serves 2 million customers under the Sling brand. EchoStar has also amassed an extensive portfolio of spectrum licenses and is building a nationwide wireless network. It acquired Sprint's prepaid business, serving approximately 7 million customers, primarily under the Boost brand. The firm has agreed to sell a portion of its wireless licenses to AT&T and SpaceX, and will rely heavily on the AT&T network to serve customers. EchoStar’s legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 800,000 internet customers. | $127 | +617% | $37B | $64B | 4.3x | 42.8x | ||
 | China Satellite Communications Co Ltd is engaged in the development and management of communication and broadcasting satellite systems; the design and development of satellite ground application systems and related equipment. It also offers technical consulting, engineering design, engineering contracting services related to the satellite business. | $6 | +106% | $25B | $24B | 61.7x | 84.9x | ||
| AST SpaceMobile Inc is a satellite designer and manufacturer. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices. | $75 | +225% | $22B | $22B | 314.7x | (118.0x) | ||
| China Spacesat Co Ltd is a China-based company engages in the development of small satellites, satellite ground systems, and related equipment. Its products offer aerospace system integration, large-scale ground station systems integration, satellite communications applications, satellite navigation applications and information transmission. The company operates its business in North China, northwest of China and South China. | $17 | +318% | $20B | $20B | 22.0x | 338.1x | ||
| Planet Labs PBC is an Earth-imaging company. It uses space to help life on Earth by imaging the world every day and making change visible, accessible, and actionable. Its platform includes imagery, insights, and machine learning that empower companies, governments, and communities around the world to make timely decisions about the evolving world. Its solutions are Broad Area Management. Its products are Planet Monitoring, Planet Tasking, Planet Analytic Feeds, Planetary Variables, Planet Basemaps, Planet Insights, and Platform Pricing. The group provides solutions to the Agriculture Science Program, Energy & Infrastructure, Forestry & Land Use, Mapping, Sustainability, Maritime, Civil Government, U.S. State and Local, Europe, Planet Federal, Defense & Intelligence, and Armed Services. | $39 | +917% | $14B | $14B | 44.6x | 886.5x | ||
| Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. It has one reportable segment: MSS business. The company generates the vast majority of its revenue within the United States. | $82 | +345% | $11B | $11B | 39.4x | 78.9x | ||
| Viasat Inc provides bandwidth technologies and services in three segments: communication services and defense and advanced technologies. The communication services segment provides a wide range of broadband and narrowband communications solutions across government and commercial mobility markets, as well as for residential and enterprise fixed broadband customers: and the defense and advanced technologies segment develops and offers a diverse array of resilient, vertically integrated solutions to government and commercial customers, leveraging core technical competencies in encryption, cyber security, tactical gateways, modems and waveforms. A large majority of the firm's revenue is generated from communication services segment. | $70 | +702% | $10B | $15B | 3.3x | 9.7x | ||
| Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields. | $10 | +105% | $8B | $8B | 20.4x | 177.0x | ||
 | SES SA is a communications satellite owner and operator and functions in the television broadcasting space. It operates in one operating segment, namely the provision of satellite-based data transmission capacity, and ancillary services, to customers around the world. The largest video division delivers television and radio satellite signals to homes through various media providers such as Comcast, Viacom, M7, and QVC. The mobility revenue is derived by offering high-bandwidth Internet connections to maritime users, and SES SA's government division offers secure communication links to international institutions and governments. Fixed Data works to bring satellite networks and connectivity to remote areas. | $17 | +57% | $7B | $14B | 4.7x | 10.4x | ||
 | OHB SE provides space technology, security, telematics, and satellite services. It has three business segments, namely Space systems and Aerospace, and Digital. Space systems segment develops and produces low Earth orbit and geostationary satellites for navigation, scientific, communication, and earth observation purposes. The Aerospace segment manufactures products for aviation, space travel, and electronic data transmission. Digital segment is on ground-based space systems (e.g., mechatronic systems for antennas and radio and optical telescopes), the operation of space-borne systems, digital applications based on satellite data, as well as information technology and IT security (cybersecurity). The company derives the majority of its revenue from the space systems segment. | $356 | +301% | $7B | $7B | 5.7x | 97.4x | ||
| Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today’s aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. | $60 | -31% | $6B | $6B | 13.0x | 34.2x | ||
| Hunan Aerospace Huanyu Communication Technology Co Ltd is mainly engaged in the research, development, manufacturing, and service of spaceborne high-end microwave communication systems, satellite communication systems, aerospace technology equipment, and high-end composite material parts and components. The company is committed to providing product support and engineering application services for majorily aerospace host units. | $12 | +332% | $5B | $5B | 73.8x | 368.1x | ||
| Intuitive Machines Inc is a space exploration, infrastructure, and services company. It is a diversified space company focused on space exploration. It supplies space products and services to support sustained robotic and human exploration to the Moon, Mars, and beyond. Its products and services are offered through its four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. The Company operates in one operating segment and one reportable segment underpinned by three core pillars (delivery services, data transmission services, and infrastructure as a service) that have similar capabilities, customers, and economic characteristics. Revenue is from contracts with customers of orbital and lunar access services. | $29 | +154% | $5B | $4B | 21.1x | (69.0x) | ||
| Iridium Communications Inc is the commercial provider of communications services offering true globalised coverage, connecting people, organizations, and assets to and from anywhere, in real time. The company is a provider of mobile voice and data communications services through a constellation of low-earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies world-wide. The Company operates in one business segment, providing satellite communications services and products. | $41 | +63% | $4B | $6B | 6.9x | 12.2x | ||
 | Eutelsat Communications is a French commercial satellite provider with coverage spanning the European continent, the Middle East, Africa, India, and the Americas. It operates a fleet of over 36 satellites serving broadcasters, telecommunications operators, Internet service providers, and government agencies. These satellites are used for video broadcasting, news gathering, broadband services, and data connectivity solutions. The company generates revenue in Europe, the Americas, the Middle East, North Africa, and Asia. | $3 | +12% | $4B | $5B | 3.7x | 6.9x | ||
| Hwa Create Corp is a China-based company engaged in the research and development, manufacturing, and sale of technologies and products of satellite navigation, radar and communication, navigation and communication antenna and embedded system. Its products are used in electromechanical industries of aviation, aerospace, ship and emulation training. The products of the company include Beidou satellite navigation chips, application modules, and their corresponding simulated test devices, designated antenna for satellite navigation, embedded modules and simulated test devices for radar and communication system, computer simulation and test platform for the electromechanical system, and computer simulation application development services. | $3 | +33% | $2B | $2B | 19.9x | 419.9x | ||
 | Space42 PLC offers geospatial and data analytics/artificial intelligence (AI), The company combines and creates opportunities for synergies across data analytics, geospatial intelligence, and satellite communications to unlock value for customers, partners, and shareholders. Its operating segments involve Yahsat Space Services (YSS); and Bayanat Smart Solutions (BSS). Bayanat Smart Solutions (BSS) segment derives maximum revenue. It provides earth observation and geospatial solutions using a multi-sensor system, advanced data analytics using GIQ platform, and industry-specific solutions using advanced Artificial Intelligence (AI). Geographically, the company operates in United Arab Emirates, Asia, Europe, Africa, North America, and Others. | $0 | -5% | $2B | $1B | 2.5x | 12.0x | ||
| Sichuan Jiuzhou Electric Co Ltd is a high-tech enterprise group featuring military-civil integration development. The company provides equipment and solutions in areas of ATC, Beidou satellite navigation and positioning service, digital TV system, IOT, wire and cable, e-commerce and software, LED lighting and display. | $2 | -13% | $2B | $2B | 3.6x | 42.8x | ||
| Zhuhai Orbita Aerospace Science & Technology Co Ltd manufactures and sells the system on chip (SOC) chips and System in Package (SIP) modules. It is involved in high technology-based business activities ranging from SOC and SIP to satellite constellation big data. The other products offered by the company are AI chips and modules, smart wearable terminals and modules. The products offered by the company are embedded in different systems, especially in medical and aerospace systems. | $3 | +62% | $2B | $2B | 50.4x | (97.6x) | ||
| Chengdu CORPRO Technology Co Ltd is engaged in the manufacturing and distribution of communication and related equipment. The main products include key components of Beidou satellite navigation application, high-performance integrated circuit, Beidou satellite navigation terminal and Beidou satellite navigation and positioning application system. | $3 | +23% | $2B | $2B | 13.2x | 85.9x | ||
| BlackSky Technology Inc is a provider of real-time geospatial intelligence. The company delivers on-demand, high-frequency imagery, monitoring, and analytics of some of the critical and strategic locations, economic assets, and events in the world. It designs, owns, and operates one of the industry’s low earth orbit (LEO) small satellite constellations, optimized to capture imagery cost-efficiently where and when its customers need it. its Spectra AI software platform processes data from BlackSky's constellation and other third-party sensors to develop the critical insights and analytics that provide its customers with the actionable intelligence. Geographically, the company operates in North America, the Middle East, Asia, and Others. | $39 | +253% | $1B | $2B | 14.6x | 1734.5x | ||
| Gilat Satellite Networks Ltd is a provider of satellite-based broadband communications. The company designs and manufactures ground-based satellite communications equipment and provides comprehensive solutions and end-to-end services. Its portfolio includes a cloud-based satellite network platform, very small aperture terminals (VSATs), amplifiers, high-speed modems, on-the-move antennas and high-power solid-state power amplifiers (SSPAs), block-up converters (BUCs), and Transceivers. The company's solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety. | $19 | +248% | $1B | $1B | 2.8x | 24.2x | ||
 | Synspective Inc is engaged in development and operation of small SAR satellites and provider of SAR data and satellite solution. | $9 | -3% | $1B | $1B | 71.7x | 180.7x | ||
 | Intellian Technologies Inc is a provider of maritime satellite communication antenna. It offers products including Satellite TV, VSAT, Global Xpress and FleetBroadband solutions. | $111 | +251% | $1B | $1B | 5.5x | 47.9x | ||
| Satellogic Inc is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems, delivering decision-grade insights at scale to government and commercial customers. Through an end-to-end production and operations model, it provides governments with flexible options across their journey toward sovereign Earth observation. From access to high-frequency imagery and managed space systems to full satellite ownership, to supporting autonomous data availability and long-term technological independence. It has monitoring and alert-driven workflows that help defense and intelligence agencies, civil governments, and commercial operators transition from reactive tasking to proactive decision-making, providing mission-critical data when needed. | $8 | +105% | $1B | $1B | 59.5x | 289.1x | ||
 | Telesat Corp is a satellite operator, that provides its customers with mission-critical communications services. It operates in a single operating segment, in which it provides satellite-based services to its broadcast, enterprise, and consulting customers around the world. Geographically, it derives a majority of its revenue from Canada. It derives revenue from Broadcast, Enterprise, Consulting, and others. | $55 | +243% | $836M | $3B | 10.2x | 20.1x | ||
| Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. It generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting. | $18 | +78% | $712M | $644M | 9.0x | 8.3x | ||
 | Ovzon AB offers a satellite-based mobile broadband service that combines high data speeds with high mobility. The company’s services and technologies are applicable for providing secure broadband satellite communication in remote and dynamic coverage areas, for high-resolution live broadcasts, and for secure, broadband communication for drones. It reports the segment’s division that is based on the customer types and is divided into: Defense, National Security, and Public Safety. | $6 | +43% | $670M | $690M | 8.5x | 19.0x | ||
| Gemini Space Station Inc is engaged on unlocking the next era of financial, creative, and personal freedom. It envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging crypto economy, It is providing access for individuals and institutions to a decentralized future that is more open, fair, and secure. Its core exchange product has expanded over time to become a comprehensive platform for its users to engage with the crypto economy, including a derivatives exchange, staking services, an over-the-counter (OTC) trading desk, institutional-grade custody, and others. | $5 | -- | $596M | $552M | 3.1x | (2.2x) | ||
| Gogo Inc is a broadband connectivity service for the business aviation market. It provides a customizable suite of smart cabin systems for integrated connectivity, inflight entertainment, and voice solutions. Its business segment includes Gogo BA and Satcom Direct. It generates two types of revenue: service revenue consists of monthly subscription and usage fees paid by aircraft owners and operators for telecommunication, data, and in-flight entertainment services, and equipment revenue consists of proceeds from the sale of ATG and narrowband satellite connectivity equipment and is recognized when control of the equipment is transferred to OEMs and dealers, which generally occurs when the equipment is shipped. | $4 | -59% | $595M | $1B | 1.5x | 6.4x | ||
| APT Satellite Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in the maintenance, operation, and provision of satellite transponder capacity and related services; satellite-based broadcasting and telecommunications services; and other services. From a regional perspective, the company's revenue is derived from customers in Hong Kong, Greater China, Southeast Asia, and other regions. | $1 | +102% | $474M | $136M | 1.4x | 1.8x | ||
 | Avantel Ltd is engaged in the business of manufacturing telecom products and provides related customer support services. It caters to both domestic and international markets. It specializes in integrating technologies related to the wireless front end, satellite communication, embedded systems, signal processing, network management, and software development. It offers wireless, Satcom products, wireless products, software solutions, and services. It caters to defense, railway, and marine industries. | $2 | +15% | $463M | $466M | 19.7x | 87.4x | ||
 | Thaicom PCL is engaged in transponder services for domestic & international communications, sale of the user terminal, broadband content services, sale of direct television equipment, internet data center services, internet services, satellite uplink-downlink services, broadcasting television service, telecommunication, printing, publishing of business telephone directories, banner advertising, telephone network services, mobile contents, and engineering & development services on communication technology & electronics. It operates in three segments: Satellite services, Internet services & media, and Telephone networks. The company has operations in Thailand, Singapore, Australia, India and others. | $0 | +41% | $405M | $411M | 5.3x | 14.1x | ||
 | Orbit Technologies Ltd is a provider of airborne communications, satellite-tracking, maritime, ground-station and new space solutions for commercial and government establishments. Its products include Audio Management System, Maritime SATCOM, Airborne Audio Management System, Maritime SATCOM, etc. | $14 | +11% | $349M | $334M | — | — | ||
 | Egyptian Satellite Co offers broadcasting services for both TV and radio within the coverage of its satellites, broadband services that supports high speed internet transmission, booking centers as well as training center for nilesat engineering team. The company 's services include Broadcasting services, which provide broadcasting services for both Television and Radio within the coverage of its Satellites; Broadband services, which provide Internet services including e-government, online health care, e-learning and e-commerce; the Booking center provides a range of services, including satellite news gathering. | $9 | +39% | $336M | $41M | 0.4x | 0.4x | ||
| GomSpace Group AB is engaged in manufacturing nanosatellites and components and turnkey solutions for satellites. Its products include Mission Payloads, Power Systems, Communication Systems, Command & Data handling, Attitude & Orbit Control Systems, Products for Ground Systems, and Structures. Geographically, it operates in Denmark, Sweden, Europe (excluding Denmark and Sweden), USA, and Asia, with the majority of the revenue deriving from Denmark. | $2 | +30% | $313M | $304M | 6.2x | 52.1x | ||
| Systems Engineering Consultants Co Ltd provides real-time software solutions. It develops real-time software with four business fields: mobile network, internet, social infrastructure system, and space advanced system. Its software offerings include Rtrilo (Ari Trilo), Rtino (Altino), RTMSafety (RTM Safety), airCube (air cube), airLook (EALOK) and airSmartG (Air Smart G). | $22 | +32% | $220M | $191M | 2.7x | 15.4x | ||
| KVH Industries Inc provides integrated, end-to-end services, software, and hardware that support its customers' need for access to the Internet, VoIP, operations content, and entertainment services. It offers high-speed Internet and Voice over Internet Protocol (VoIP) services via satellite and integrated 5G/LTE cellular communications to mobile users at sea and on land. The company also provides commercially licensed entertainment, including news, sports, music, and movies, to commercial and leisure customers in the maritime, hotel, and retail markets. It operates in several geographic areas, including internationally. Revenues are generated from international locations, mainly consisting of Singapore, Canada, South America, European Union and other European countries, and other regions. | $10 | +83% | $193M | $138M | 1.2x | 17.1x | ||
| Nelco Ltd is in the business of providing domestic satellite communication services to close user group (CUG) networks via Satellite System on non-exclusive basis within the territorial boundary of India under the VSAT, ISP and other Licenses and authorisation granted by Department of Telecommunications, Government of India. The company operates in a single reportable segment, namely Network Systems, comprising Satellite Communication (Satcom) Services, which include equipment sales, maintenance, and other allied services. The group earns revenue from providing Satellite communication connectivity systems and solutions through sale of goods, providing installation and annual maintenance services, renting of goods, Integrated Security & Surveillance services. | $8 | -21% | $176M | $181M | 5.6x | 58.2x | ||
| KT Skylife Co Ltd is a Korea-based broadcasting company. It is engaged in the provision of digital satellite broadcasting services under the brand name of Skylife. The company provides television (TV) channel services, digital video and audio services, high-definition (HD) multichannel services, personal video recording (PVR) services, interactive broadcasting services, near video on demand (NVOD) channel services, English language packaged channel services, mobile services, TV services for vehicles, services for protection of children by locking adult channels, and others. It also involves in the production of broadcasting contents, such as TV entertainment programs. | $3 | +5% | $155M | $177M | 0.3x | 1.7x | ||
| Comtech Telecommunications Corp is a provider of communications technology and solutions. It operates in two reportable business segments: Satellite and Space Communications and Allerium. The company's Satellite and Space Communications segment, which generates maximum revenue, is organized into four technology areas: satellite modem and amplifier technologies, troposcatter technologies, cybersecurity training, and space components. This segment designs and manufactures modems, amplifiers, traveling wave tube amplifiers, frequency converters, and offers other associated software and services. The Allerium segment provides next-generation 911 (NG-911) infrastructure and solutions for state and local governments and carriers. Geographically, the company derives its key revenue from the USA. | $4 | +89% | $117M | $537M | 1.1x | 57.1x | ||
| Nippon BS Broadcasting Corp is a Japan-based company engages in the satellite broadcasting services. It provides various programs that include news, economy, entertainment, drama, movie, anime, hobby and art, travel, education, sports, and special program. | $6 | +2% | $104M | $14M | 0.2x | 0.9x | ||
| Vislink Technologies Inc is a technology business specializing in collecting, delivering, and managing high-quality, live video and associated data from the scene of the action to the viewing screen. The company provides RF and 5G solutions for collecting live news, sports, entertainment, and news events for the broadcast, surveillance, and defense markets with real-time video intelligence using a range of transmission products. The company provides professional and technical services utilizing a staff of technology experts with decades of applied knowledge and real-world experience in terrestrial microwave, satellite, fiber optic, surveillance, and wireless communications systems, delivering a broad spectrum of customer solutions. | $3 | +2% | $7M | $1M | 0.0x | (0.1x) | ||
| Airborne Wireless Network is an early stage company with the principal business of developing, marketing and licensing a fully meshed, high-speed broadband airborne wireless network by linking commercial aircraft in flight. It calls this network the Infinitus Super Highway. | -- | -- | $2M | $4M | — | — | ||
| Median | $9 | +62% | $1B | $1B | 6.0x | 22.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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