SEALSQ Plans $10 Million Investment in WISeSat.Space

MT Newswires Live

May 14

SEALSQ (LAES) said Wednesday it plans to invest $10 million in WISeSat.Space and join WISeKey International (WKEY), WISeSat.Space's parent company, as a strategic investor in the WISeSat satellite constellation.

The investment, pending approval by SEALSQ's board among other conditions, represents a step toward developing a quantum-resilient satellite network designed to provide ultra-secure communications and transactional IoT services from space, according to the company.

The June 2025 mission will feature a proof of concept showcasing WISeKey's blockchain-based platform, SEALCOIN, and its ability to support decentralized, autonomous transactions between satellites and IoT devices, the company said.

Shares of SEALSQ were up more than 2% in recent trading, while WISeKey stock was down more than 5%.

Price: 2.42, Change: +0.05, Percent Change: +2.15

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