SINGAPORE (mu Space PR) — mu Space Corp, a Thailand-based space and satellite company, has approved the release of a Request for Proposal (RFP) for a manufacturer to build the company’s first satellite with coverage spanning across Asia-Pacific.
The high throughput satellite will be on a geostationary orbit (GEO) location at 50.5-degree East, an orbital slot secured on a recent agreement between mu Space and SES, the world’s leading satellite operator. It is expected to provide broadband and Internet of Things (IoT) service via satellite, and will have a lifespan of at least 15 years.
Samathorn Teankingkaeo, Chief Technical Officer of mu Space, said: “This RFP and the resulting contracts demonstrate mu Space’s capability to proceed with our plan of launching a satellite.”
According to mu Space’s plan, the company will launch its own satellite in the early 2020s aboard New Glenn, a space vehicle of US-based aerospace manufacturer Blue Origin.
“We’re searching a technology partner who is flexible and adaptable with our design ideas and long term business goals. We’ll look at all sorts of proposals from bidders, and we’ll consider everything to make sure we award this project to the right satellite manufacturer,” he added.
About mu Space
mu Space is a satellite and space technology company founded in Thailand in 2017. The company develops satellite communication technologies to accelerate the adoption of Internet of Things devices and smart cities. It plans to launch its own satellite in 2020 using Blue Origin’s New Glenn space vehicle and to lead space tourism in Asia-Pacific. Read more: www.muspacecorp.com
SpaceX received $500 million of the nearly $1 billion in investment raised by commercial space companies during the first quarter of 2018, according to the Space Investment Quarterly report from Space Angels.
“SpaceX shows no signs of slowing down—after the inaugural flight of the Falcon Heavy, the company secured $500 million from Fidelity Investments to drive development of their satellite communications network, Starlink,” the report added.
ADELAIDE, Australia (Myriota PR) — Myriota, global leader in nanosatellite internet of things (IoT) connectivity, has closed a US$15 million Series A funding round.
The round was led by Australian VC firms Main Sequence Ventures and Blue Sky Venture Capital and included Boeing HorizonX Ventures, Singtel Innov8 and Right Click Capital. It is globally the largest round announced to date for a tech startup using Space 2.0 for IoT. It is also the first investment outside the United States for Boeing HorizonX Ventures.
A Silicon Valley startup named Swarm Technologies has been accused of launching four tiny satellites into space without FCC approval. The four SpaceBEE satellites, which are about one quarter the size of a 1U CubeSat, were launched aboard an Indian PSLV booster in January. The satellites are testing Internet of Things technologies.
The only problem is, the Federal Communications Commission (FCC) had dismissed Swarm’s application for its experimental satellites a month earlier, on safety grounds. The FCC is responsible for regulating commercial satellites, including minimizing the chance of accidents in space. It feared that the four SpaceBees now orbiting the Earth would pose an unacceptable collision risk for other spacecraft.
If confirmed, this would be the first ever unauthorized launch of commercial satellites.
In fact, the FCC told the startup that the agency would assess “the impact of the applicant’s apparent unauthorized launch and operation of four satellites… on its qualifications to be a Commission licensee.” If Swarm cannot convince the FCC otherwise, the startup could lose permission to build its revolutionary network before the wider world even knows the company exists.
TORONTO, Jan. 22, 2018 (Kepler Communications PR) — A new era in space communications began on Friday, January 19 with the successful launch of an ultra-low-cost telecommunications satellite from Canada-based Kepler Communications. The mission serves as a technology demonstration for Kepler’s novel Ku-band telecommunications payload, and offers the best price per MHz of any communication satellite on the market.
With this launch, the Canadian start-up becomes the first commercial company ever to launch and successfully operate a LEO communications satellite in Ku-band. This highly valuable frequency band is ideal for telecommunication services, and is currently being sought for use by many companies planning on deploying mega-constellations of satellites. Kepler’s network of satellites will eventually enable in-space connectivity for other satellites, space stations, and transport vehicles.
VANCOUVER, Canada, August 21, 2017 (Helios Wire PR) — Helios Wire is pleased to announce that it has raised an additional US$4 million in financing to help facilitate the launch of its first two satellites. These funds will be allocated towards the development of the satellite-based IoT system that Helios is building.
Lausanne, Switzerland (August 10th, 2017) – ELSE SA, the Swiss new space start-up, today announced the funding of a $3 million seed round. The successful capital raise was enabled by a group of investors including Airbus Ventures, a Geneva-based Independent Assets Manager and Multi Family Office, as well as numerous additional Swiss- and internationally-based private investors. The seed round follows $3 million previously raised by the company in public support.
TORONTO (Kepler Communications PR) — Kepler Communications announces today it has raised $5 million in an oversubscribed seed round led by Manhattan-based IA Ventures – known for their investment in Digital Ocean and X.ai. Other investors include Liquid 2 Ventures (Joe Montana’s investment vehicle), Techstars, Globalive Capital, BDC, and a number of high profile angel investors.
“IA Ventures invested in Kepler because we believe this infrastructure is needed to advance our society that continues to stretch the carrying capacity of the Earth,” Brad Gillespie, Partner at IA Ventures.