# Who are SES S.A.'s customers? Who does SES S.A. earn revenue from?
Canonical: https://valuechain.wiki/ses · Facet: customers · Updated: 2026-07-12T04:10:27.154+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: SES S.A. discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 3 dated sources, 2 of them primary filings (as of 2026-07-12).

### 항공·해운 모빌리티 고객 (IFC·FlexMaritime) (high)
- metric: installed base 1,000 aircraft (16개 항공사) · FY2025 · Aircraft committed to multi-orbit ESA (500+ operational); 13,000+ ships on FlexMaritime
- note: Mobility revenue from airline in-flight connectivity and maritime/cruise fleets: multi-orbit ESA systems live on 500+ aircraft, selected by 16 carriers for 1,000+ aircraft, and 13,000+ ships served via FlexMaritime as of FY2025.
- [confirms] Euronext (SES regulated company news) (EN, filing, published 2026-03-02) https://live.euronext.com/en/products/equities/company-news/2026-03-02-ses-full-year-2025-results: "Networks delivered a 4th consecutive year of growth, primarily driven by Aviation and Government; revenue of €2,627 million (+33.9%) and Adjusted EBITDA of €1,196 million at a 45.4% margin, including Intelsat from 17 July 2025."
- [confirms] SES (EN, filing, published 2026-03-01) https://www.ses.com/news/press-release/full-year-2025-results: "Aviation: Multi-orbit ESA systems now operational on 500+ aircraft; selected by 16 carriers for 1,000+ aircraft. Cruise/Maritime: Over 13,000 ships served globally through FlexMaritime solution."

### 룩셈부르크 정부 (GovSat) (high)
- metric: Contract value €195M · 10년 · Defense satcom service contract (O3b mPOWER)
- note: 10-year, €195M defense satcom deal under which Luxembourg uses SES's MEO O3b mPOWER for national security; extended in FY2025 via the GovSat-2 partnership and IRIS² participation, anchoring SES's Government revenue line.
- [confirms] SES (EN, filing, published 2026-03-01) https://www.ses.com/news/press-release/full-year-2025-results: "Government: Secured IRIS² participation; announced GovSat-2 partnership with Luxembourg. Networks achieved a 4th consecutive year of growth, primarily driven by Aviation and Government expansion."
- [confirms] SpaceRadar (KO, news, published 2023-02-26) http://www.spaceradar.co.kr/news/articleView.html?idxno=930: "Luxembourg signed a €195 million satcom service agreement with SES; over the 10-year contract the government will use SES's MEO O3b mPOWER satellites for national security purposes."

Reverse side: https://valuechain.wiki/ses/suppliers.md · Ripple: https://valuechain.wiki/ses/ripple.md

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Full node: https://valuechain.wiki/ses.md · JSON: https://valuechain.wiki/ses.json