[Space Network Signs $50 Million Satellite Network Pre-Purchase Agreement with Philippine Company] Satellite network company Space Network, affiliated with Spacecoin, announced that it has signed a binding $50 million pre-purchase agreement for Freeport satellite network services with Philippine HQ Company International Holdings. The plan aims to provide satellite communication connectivity in the Philippines. Space Network will supply network access, hardware, software, and engineering support, while HQ Company will handle local sales, customer acquisition, and spectrum licensing. Space Network stated that, combined with the $100 million agreement signed with Vietnam's DETI Technology in June this year, its total commercial pre-purchase amount has reached $150 million.