Speedcast

Speedcast

Global satellite connectivity provider for enterprises

About Speedcast

Simplify's Rating
Why Speedcast is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Hardware

Government & Public Sector

Energy

Enterprise Software

Company Size

501-1,000

Company Stage

IPO

Headquarters

Houston, Texas

Founded

1999

Overview

Speedcast provides satellite-based connectivity for businesses worldwide. It serves customers in maritime, energy, mining, and government sectors, delivering reliable, uninterrupted links through its global satellite network. The core offerings include cellular backhaul, private LTE networks, and remote video streaming, all supported by tailored connectivity solutions, equipment sales, and managed services. The company’s services are designed to work in difficult environments, ensuring steady communications even offshore or in remote locations. Unlike some competitors, Speedcast combines a wide global network with customized solutions and a mix of recurring services and one-time equipment sales, focusing on meeting the specific needs of each client. Its goal is to keep clients connected anywhere by continuously expanding its service options and maintaining dependable connectivity across industries.

Simplify Jobs

Simplify's Take

What believers are saying

  • COSL Drilling fleet upgrade achieves 1.6 Gbps via Starlink Global HTS.
  • Multi-year P&O Maritime Logistics contract expands SIGMA hybrid solutions.
  • James Feger CTO appointment drives multi-path connectivity innovations.

What critics are saying

  • Starlink direct enterprise sales bypass Speedcast, eroding reseller margins.
  • Eutelsat OneWeb partners Inmarsat, undercutting SIGMA hybrid integrations.
  • Starlink 99.9% coverage by mid-2026 obsoletes Speedcast multi-orbit networks.

What makes Speedcast unique

  • SIGMA platform integrates Starlink HTS, OneWeb LEO, and VSAT for 100% uptime.
  • Largest Starlink reseller deploys hybrid LEO-GEO for Australian remote sites.
  • Compass Portal enables fleet-wide monitoring and Starlink kit management.

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Funding

Total Funding

$1.3B

Above

Industry Average

Funded Over

4 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Remote Work Options

Professional Development Budget

Stock Price

Company News

Satnews Publishers
Nov 5th, 2025
Speedcast integrates Starlink's global HTS into COSL Drilling's hybrid solution

Speedcast integrates Starlink's global HTS into COSL Drilling's hybrid solution. Fleet-wide upgrade includes Starlink High Throughput connectivity managed via Speedcast's SIGMA intelligent edge technology Speedcast has successfully integrated and deployed Starlink's global High Throughput Service (HTS) for offshore energy customer COSL Drilling Europe. This latest enhancement to COSL's fleet of state-of-the-art, semi-submersible drilling rigs marks nearly a decade of partnership with Speedcast. Speedcast's deployment of Starlink's Global HTS marks the most recent expansion of the company's hybrid connectivity portfolio. Speedcast's SIGMA intelligent edge network management platform serves as the foundation for COSL's hybrid solution, expanded to seamlessly incorporate both Starlink and Eutelsat OneWeb LEO service. Across the fleet, SIGMA has integrated the new dual-LEO service with Ku- and C-band VSAT already onboard - along with LTE, line-of-sight and Iridium Certus for out-of-band management - into a single, wide-area network. Speedcast's SIGMA technology enables 100 percent uptime for COSL's fleet, which operates mainly in the North Sea and Barents Sea. SIGMA's intelligent path selection, application steering, link prioritization, and load balancing connects customer assets to Speedcast's global MLPS fabric and COSL data centers, to support vessel-to-headquarters communications, remote operations, and daily operation workflows. Differing from Starlink's popular Global Priority service, the Global HTS involves bonding multiple kits which use more dedicated network resources and beam capacity over the Starlink constellation down to the remote site's cell. It results in reduced packet loss, decreased latency and improved throughput by prioritizing user demand and load balancing across satellites. In the HTS configuration, the duty cycle of the High Performance User Terminal is also increased, allowing it to transmit more often. During live testing of four Starlink Performance kits on the High Throughput service, Speedcast achieved peak rates of 1.6 Gbps downstream and 400 Mbps upstream, with individual kits achieving peaks of 400 Mbps down and 100 Mbps up. Even under sustained periods of network saturation, upload speeds in this configuration consistently deliver unparalleled performance, with combined packet loss across multiple kits not exceeding .55 percent. These highly positive and rarely seen statistics further support COSL's focus on using technical innovation to increase efficiency and performance. COSL clients and crew benefit from enhanced connectivity for operational applications, safety systems, IoT monitoring, and welfare services, including personal device access and entertainment. Speedcast's Compass Portal allows COSL to monitor network performance across all remote sites and WAN paths from a single dashboard. Compass also enables expanded Starlink kit management features for added levels of flexibility and control. Speedcast has further expanded its network with the introduction of Starlink's Private Network Interconnect (PNI) service which allows a remote site to send data over the Starlink network to the data center via a dedicated Layer 2 connection, bypassing the public internet. This set up is designed to deliver lower latency, higher security, and improved reliability, particularly for customers who demand secure and predictable connectivity service. Speedcast launched the PNI service in the United States in October, with further country expansion underway in South America and Europe. Enabling remote operations depends on predictable, high-quality connectivity," said Torfinn Kalstø, ICT & OT Manager, COSL Drilling. "Together with Speedcast, we have prioritized data integrity and application service quality so that traffic required to perform true remote operations receives the right priority. The addition of Starlink's Global HTS and performance antennas offers gigabit speeds, significantly improves throughput and latency, enhances rig efficiency, and supports both operation users and crew welfare." COSL is a leading drilling contractor with a culture focused on safety, innovation and highly efficient operations for their remote assets," said Richard Elson, Executive Vice President, Energy at Speedcast. "Supporting that performance requires robust onboard technology and seamless connectivity. This addition of Global HTS connectivity from Starlink and our SIGMA intelligent edge platform enables a complete hybrid solution that will support COSL's digital operations now and into the future. LEO is an important component in our ever-expanding managed communications portfolio,. Deployments such as this demonstrate our ability to successfully layer Starlink and Eutelsat OneWeb services into a seamless hybrid network, with SIGMA removing the complexity and delivering a fully managed solution."

Vitrina AI
May 31st, 2025
Speedcast Launches Next-Gen SIGMA Platform for Enhanced Connectivity Solutions

Speedcast has introduced the latest iteration of its SIGMA intelligent edge network management solution.

Speedcast
Apr 15th, 2025
A Guide to Satellite Connectivity Options for Remote Australian Operations

As the largest authorised reseller and integrator for Starlink, Speedcast has partnered with the Northern Territory Government to deploy the technology across hundreds of sites, enhancing existing geostationary (GEO) satellite communications.

Speedcast
Mar 25th, 2025
Speedcast Shares Success with Multipath Integration at SATELLITE 2025

At SATELLITE 2025, Speedcast offered multiple examples of the successful integration of LEO services into high-value, multipath solutions for its customers - and received recognition from multiple award programs.

Network Innovations
Oct 15th, 2024
Network Innovations Expands and Strengthens its Senior Executive Team by Hiring Communications Veteran, Keith Johnson

Former Speedcast Chief Operating Officer and EVP of Global Energy to take the reins as President of Network Innovations' Americas Business Unit Calgary, Alberta and Houston, Texas, October 15, 2024 - Network Innovations (NI, the company), a global technology integration leader, is pleased to announce the appointment of Keith Johnson as President, Americas, effective Monday, October 14.

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