Arqit @ Nanosats Database

Entity name	Arqit
Constellations	QKD (Quantum Key Distribution) Laser Communications Quantum Key Distribution shared in laser transmissions from a satellite. Qinetiq is contractor for spacecraft. Status: Cancelled, Prototype development Constellation page at NewSpace Index
Headquarters	UK
Created	2016
Funding	$70M
Oneliner	We use transformational quantum encryption technology to keep safe the data of our governments, enterprises and citizens.
Notes	Planning to go public via SPAC in Q3 2021 and raising $400 million on $1.4 billion valuation,. Arqit has contracted exclusively with Virgin Orbit for Arqit’s launch needs for up to 5 launches from Spaceport Cornwall beginning in 2023. Arqit said in December 2022 it no longer needs satellites to deliver encryption keys that can resist attacks from quantum computers. Instead, the company said it has developed a terrestrial distribution method that enables symmetric key cryptography without the risk and costs of building out a quantum communications network in space.
Socials
Status	Inactive in nanosatellites

Last modified: 2023-06-03