SEALSQ Corp (LAES) Tuesday announced its board has approved a $10 million strategic investment in WISeSat.Space AG, securing a 9 percent stake at a $115 million pre-money valuation.
Partnering with parent WISeKey, this funding will accelerate deployment of WISeSat's quantum-ready satellite constellation and explore strategic partnerships to leverage existing orbital assets.
Ahead of its late-June 2025 launch from California, WISeSat 3.0 will enable space-based, post-quantum-secure communications and IoT machine-to-machine transactions via SEALCOIN on the Hedera DLT. Future launches with PLD Space and SkyRoot Aerospace will broaden global reach.
This investment supports SEALSQ's goal to build the world's first quantum-resilient satellite network empowering ultra-secure communications and transactional IoT services worldwide, tapping into a quantum communication market poised to grow at a 31.8 percent CAGR through 2030.
LAES is currently trading at $3.83 down $0.12 or 3.15 percent on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.