FAQ: iRocket's $640 Million Contract with SpaceBelt KSA for Encrypted Satellite Launch Services

What is the main purpose of the contract between iRocket and SpaceBelt KSA?

The contract is for iRocket to provide launch vehicle integration, mission planning, and propulsion systems for up to 30 of SpaceBelt KSA’s upcoming orbital launches, aiming to build a secure, resilient, and autonomous space-based communications network across Saudi Arabia and the GCC region.

Why is this contract significant?

This partnership places iRocket at the forefront of space innovation in the Middle East and validates its position as a go-to services provider, reflecting the global demand for secure, economically viable, and scalable space access.

How will this partnership benefit Saudi Arabia?

The collaboration is expected to strengthen Saudi Arabia’s technological capabilities, create high-skilled jobs, enhance its position as a regional leader in the space sector, attract international investment, and drive economic diversification in line with Vision 2030.

Who are the key players involved in this agreement?

The key players include iRocket, a next-generation reusable space rocket developer, and SpaceBelt KSA, a Saudi-based space logistics and satellite security platform, with support from BPGC Acquisition Corp. and its sponsors.

When will the contract be fulfilled?

The $640 million agreement is to be fulfilled over a five-year period.

Where will the launches take place?

The launches will take place across Saudi Arabia and the Gulf, with joint testing and future launch operations within the GCC region.

What are the implications of this partnership for the space sector?

This partnership paves the way for technology transfer, regional manufacturing, and the expansion of space-based capabilities that support both national security and commercial growth in the GCC region.

How does this collaboration align with Saudi Arabia’s Vision 2030?

The collaboration supports the national and commercial ambitions of Saudi Arabia’s Vision 2030 by developing core infrastructure for sovereign space logistics, enhancing technological capabilities, and driving economic diversification.

What should people know about iRocket’s role in this agreement?

iRocket will be at the forefront of providing launch integration, mission planning, and propulsion systems, showcasing its differentiated technology, scalability, and go-to-market strategy in the space sector.

Who can be contacted for more information about this partnership?

For more information, interested parties can visit iRocket’s website at https://irocketusa.com/ or SpaceBelt KSA’s platforms for updates on the partnership.