Revenue forecast of Azerspace-2 revealed

Revenue forecast of Azerspace-2 revealed
  • Clock-gray 12:47
  • calendar-gray 11 February 2021

Over the two years after the commercial use of Azerbaijan's second satellite (Azerspace-2), the revenue amounted to $40 mln., Azercosmos told APA-Economics. 

According to Azercosmos, the Azerspace-2 satellite was launched into orbit in September 2018 and started its commercial activity in 2019: “The project cost $ 190 million. The useful life of the satellite is 20 years. Azerbaijan's second satellite is forecasted to be more profitable and bring in more than $ 450 million over its lifetime."

Huseyn Veliyev

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