Astranis secures a $468 million US EXIM credit facility to scale satellite production

Astranis

The US Export-Import Bank approved a $468 million credit facility for Astranis, which makes geostationary satellites. The money is meant to expand domestic production and assembly at the company's Northern California headquarters under EXIM's Make More in America initiative, with J.P. Morgan's securitized products group as sole arranger.

• The facility funds domestic satellite production and the launch of global space infrastructure, according to EXIM's release.
• The release cites more than $1.2 billion in commercial contracts; customers include Gulf Space Technology, Chunghwa Telecom, MB Group, stc group and the US government.
• Five Astranis satellites are in orbit, per the release.
• The factory is a 153,000 sq ft site in Northern California, the production base the loan is meant to ramp.