Varayuth “James” Yenbamroong, founder of Thailand-based satellite startup mu Space, has announced plans to establish a venture fund next year to finance startups in space, AI and robotics, Space Tech Asia reports.
“We’ll generate $100 million as initial fund,” said the 34-year old, adding that more funds will be raised, if needed, to support promising startups and companies.
“We’re now scouting for innovative startups and early-stage businesses with a potential to disrupt the current market by developing products or services that are new to the world and can help improve the lives of people. These may include, for example, artificial intelligence, robotics, space research and deep space exploration.”
The venture unit will be based outside of Thailand, informed Yenbamroong. “It can be in any country that can offer a conducive business environment for the venture unit to grow and operate. But for now, the nearest prospect is Singapore.”
VAN HORN, Texas (muSpace PR)–Aerospace company Blue Origin launched today the New Shepard space vehicle, with its first payload from Asia to be on-board. The six-kilogram payload, sent by satellite company mu Space Corp, contains experiments and items from several universities and space agencies in Thailand.
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
WASHINGTON, DC (mu Space PR) – mu Space Corp today confirmed at the Satellite 2018 that they will launch a geostationary satellite aboard Blue Origin’s New Glenn orbital rocket. The launch window starts in late 2020.
Commenting on the announcement, mu Space CEO James Yenbamroong says, “mu Space is opening a new era for satellite communications and space technology for Thailand and the Asia-Pacific region.”
BANGKOK (mu Space PR) — mu Space Corp today announced at the 68th Annual International Astronautical Congress that they have entered into an agreement with Blue Origin to partner on a future launch of a geostationary satellite aboard their New Glenn orbital rocket. The launch is set to happen early in the next decade.
Commenting on the new partnership, mu Space CEO James Yenbamroong says, “We’ve decided to go with Blue Origin because we’re impressed with the company’s vision and engineering approach.”