It aimed to provide high-speed, broadband satellite internet for corporate and government clients willing to pay premium price for high-quality service.
In May 2017, SKY Perfect JSAT Group announced it would invest in LeoSat.
[1] LeoSat had a deadline of Jan 2021 to launch a satellite in order to activate the ITU filing by their partner Thales Alenia Space.
[2] In November 2019, LeoSat shut down operations after failing to find sufficient investment capital to pursue the large speculative project.
[4][5][2] Some of the investors in earlier rounds have spoken publicly on why they left the LeoSat project.