Saudi Arabian Space Belt Telecom Services, a privately owned entity in KSA, has awarded SpaceChain, a pioneering leader in space-as-a-service technologies, a transformative contract to spearhead the development, construction, and mission management of SpaceBelt Telecom Services’ patented technology platform, enabling the world’s first Low Earth Orbit (LEO) satellite capable of generating in-orbit encryption keys and distributing them via existing LEO constellations to ground-based equipment.

This mission is slated to be the first of a larger constellation to progress SpaceBelt’s investment in data storage and earth observation imagery. This collaboration marks a significant advancement in the Kingdom of Saudi Arabia’s in-orbit distributed transactional capabilities and showcases the nation’s commitment to driving innovation within the global space economy.

Leveraging its proven expertise in satellite technology and infrastructure development, SpaceChain will lead the end-to-end satellite construction and mission management, setting a new standard for space-based secure communication and data services.

Cliff Beek, CEO of SpaceChain, stated, “We are honored to partner with SpaceBelt Telecom Services in this transformative venture. This mission not only highlights the Kingdom’s growing role in the space sector but also demonstrates the potential of space technologies to deliver secure, scalable solutions for enterprises and governments worldwide.”

A spokesperson for SpaceBelt Telecom Services Co. KSA stated, “Partnering with SpaceChain allows us to contribute to the Kingdom’s 2030 vision. We are thrilled to bring this capability to the Kingdom, aiming to advance space-based data services and secure communications and positioning SpaceBelt Telecom Services as a leader in the evolving global space economy”

The satellite project will revolutionize secure communications, enable space-data storage, and support advanced satellite services. This contract strengthens SpaceChain’s leadership in satellite technology and mission management, reaffirming its commitment to space innovation.

This mission is the first in a planned constellation, and aims to launch in June 2025. More importantly, the mission advances Saudi Arabia’s space innovation and aligns with the Kingdom’s 2030 vision.

Leveraging its expertise, SpaceChain will lead the software design and end-to-end mission management, setting a new benchmark for space-based technologies.
In 2025, SpaceChain aims to pursue our niche market position by developing secure payment platforms within uncharted territories and transforming challenges into opportunities. The company intends to accelerate Space Commercialization: Expand payment applications across satellite networks and services to drive the adoption of decentralized fintech solutions.

In addition it will develop AI-powered applications for space data analysis, ensuring our clients stay ahead in decision-making, as well as launch education and outreach programs to inspire the next generation of innovators in blockchain and space exploration.