Judith Pryor, first vice president and vice chair of the board of directors of the Export-Import Bank of the U.S., said the export credit agency is reviewing approximately $5.3 billion in financing proposals from the satellite industry, SpaceNews reported Friday.
She said funding proposals worth $1.3 billion under review are “likely to come to fruition” within a year to be followed shortly by approximately $4 billion in additional deals.
“What we see at Ex-Im are less GEO and more LEO megaconstellations. Certainly that’s the way the industry is heading,” Pryor said at a conference.
The Ex-Im official said the bank was also looking at proposals for Earth observation and new space platforms while remaining “agnostic” about specific technologies or companies.
In 2020, the bank started extending help to U.S. space companies facing competition from Chinese government-backed firms through the Program on China and Transformational Exports.