Ibadan, 2 April 2024. – SKY Perfect JSAT Corporation has announced its decision to invest 10 billion yen in domestic and international space-related startups and space venture funds. In addition to this investment, SKY Perfect JSAT will collaborate with the acceleration program “AXELA” from the SPACETIDE Foundation. This collaboration aims to combine SKY Perfect JSAT’s accumulated insights and assets with the new technologies of startups, fostering the co-creation of new space businesses for a sustainable future.
This investment is part of the SKY Perfect JSAT’s broader commitment to leverage new technologies and expand its presence in the space industry, as outlined in the Company’s April 28, 2022, announcement to invest 150 billion yen by 2030. The investment fund allocation’s investment objective is to collaboratively create new space businesses and forge a sustainable future by combining SKY Perfect JSAT’s expertise and assets with the innovative technologies of startups. The investment will also target domestic and international space-related startups and space venture funds.
Since launching Japan’s first private communications satellite, SKY Perfect JSAT has been creating various space businesses for over 30 years, with communication services via geostationary satellites at its cornerstone. In 2019, the Company began its foray into the Space Intelligence Business, expanding into solution businesses that leverage satellite data and deepening its investment and collaboration with the Kyushu-based startup iQPS.
Additionally, in January 2024, the Company established its in-house startup Orbital Lasers and invested in the JAXA startup, Tenchijin, highlighting its commitment to collaboration and co-creation with startups as one of the pivotal initiatives for SKY Perfect JSAT’s growth. As a result, the investment areas the Company will prioritize will be fields relevant to the growth of its space business. This includes communication and space intelligence, such as satellite data, exploration, etc.
