SLI signs heads of agreement for purchase of two AscendArc GEO satellites valued at over $200 million

Chris McLain, founder and CEO of AscendArc, expressed his appreciation to the SLI team, and the partnership that will allow all future AscendArc customers the option to lease their satellites from SLI. "SLI and its parent company, Libra Group, bring a long history of success in high value asset leasing, along with the credibility and financial strength needed to complete a deal of this scale. Their backing gives our clients a key financing pathway as they plan their missions. We value SLI's confidence in the AscendArc design and in our team's ability to deliver – this is an agreement where all parties succeed."

WASHINGTON, 03/12/2025 (informazione.news - comunicati stampa - industria)

Chris McLain , founder and CEO of AscendArc, expressed his appreciation to the SLI team, and the partnership that will allow all future AscendArc customers the option to lease their satellites from SLI. "SLI and its parent company, Libra Group, bring a long history of success in high value asset leasing, along with the credibility and financial strength needed to complete a deal of this scale. Their backing gives our clients a key financing pathway as they plan their missions. We value SLI's confidence in the AscendArc design and in our team's ability to deliver – this is an agreement where all parties succeed."

SLI was established by Libra Group in 2023 to address the capital needs of the rapidly growing $1 trillion global space economy by providing flexible, innovative asset-financing solutions. Leveraging Libra Group's experience in pioneering leasing models across aerospace, maritime, and renewable energy, SLI seeks to bridge the gap between capital availability and asset deployment – accelerating the creation of an integrated aerospace ecosystem. In July 2025, SLI extended its operational scope to include frontier aviation assets, such as zero-emission electric aircraft. www.spaceleasing.com 

Founded in 2023 by satellite industry veteran Chris McLain, AscendArc is pioneering a new approach to satellite design and manufacturing that exponentially improves the economics and throughput performance in geosynchronous (GEO) orbit. The AscendArc revitalizes the GEO industry with a lower cost per Mbps than all LEO and GEO constellations. Drawing on experience from Boeing, Lockheed Martin, and SpaceX, the AscendArc team has developed a modular, assembly-line approach that is revolutionizing affordable access to space. www.ascendarc.com 

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