Space Network, a satellite communications infrastructure company affiliated with Spacecoin, has signed a $50 million pre-purchase agreement with Philippine company HQ Company International Holdings for Freeport satellite network services. HQ Company will operate the service in the Philippines, handling local sales, customer acquisition and business operations, while Space Network provides related hardware, software and technical support. The agreement follows a $100 million deal signed with Vietnamese technology company DETI in May, lifting cumulative pre-orders to $150 million. Space Network currently has four low-Earth-orbit satellites in launch and operation and plans to launch about 230 more to commercialize Freeport by 2029.