Entrepreneurship

Thai New Space startup mu Space is making big waves in Thailand with its efforts to bridge the digital divide in rural Thailand, and ultimately, in other parts of Southeast Asia, and with its long-term plans to bring commercial space travel to Thailand and the wider region. mu Space brings a vibrant New Space startup dynamic to Thailand, as the country embarks on its Thailand 4.0economic modernisation initiative where mu Space finds itself very much at the forefront. SpaceWatch.Globalhas been covering mu Space’s progress for months, and we managed to talk with its founder and Chief Executive Officer James Yenbamroong to hear his thoughts about the progress of mu Space so far, and its future plans.

U.S. orbital launch provider Rocket Lab has announced its first commercial launch for New Space companies Spire and GeoOptics, further establishing New Zealand as a space launch power. Rocket Lab will open a 14-day launch window beginning 20 April 2018 to conduct its first fully commercial launch. The mission, named ‘It’s Business Time’, will include manifested payloads for Spire Global and GeoOptics Inc., built by Tyvak Nano-Satellite Systems.

The Crown Prince of the Kingdom of Saudi Arabia, Mohammed bin Salman, visited the facilities of Virgin Galactic at the Mojave Air and Space Port in California on 2 April 2018. The Crown Prince and his delegation, which included the Saudi ambassador to the United States Prince Khalid bin Salman bin Abdulaziz, were hosted by Sir Richard Branson, Chairman of the Virgin Group, and by George Whitesides, CEO of Virgin Galactic.

Precious Payload, the brain child of Russian entrepreneurs Andrei Rebrov and Andrey Maskimov, is aiming to transform the way in which small satellite operators secure their launches. As we heard at Satellite 2018 this year, small satellites are being hit by a launch bottleneck and are mostly reduced to piggybacking on larger satellite launches and settling for what they can get. This can impact negatively on schedules and revenues.

The recent InSpace Forum held in Moscow demonstrated progress in cooperation and dialogue between Russia's state-run space companies and its fledgling New Space sector, reports Anastasiya Svarovskaya. The InSpace Forum 2018 held in Moscow on 21 March 2018 considered ways for the business sector and the state to cooperate in the space industry. This year’s forum was the third such event, and it consisted of two sections – the commercial space industry section and unmanned aerial vehicles (UAV) section.

Thailand’s mu Space is partnering with True Digital Park to establish a small satellite laboratory in Thailand and kick-start a New Space ecosystem in Southeast Asia. Digital hub True Digital Park announced its partnership with satellite technology startup mu Space Corp. to operate a lab that will research and develop satellite and space technology.

Chinese New Space company Kuang-Chi Science Ltd. and U.S. New Space pioneer Nanoracks have announced their partnership in developing new business outside of China for Kuang-Chi's Traveler near-space helium balloon platform for space tourism, Earth observation, small satellite launch, and scientific research.

In a boost to the Australian New Space sector, HorizonX, a venture capital subsidiary of U.S. aerospace giant Boeing, is set to invest U.S.$15 million in Australian enterprise Myriota, an Internet of Things (IoT) startup focusing on satellite communications to provide low-cost access to high-value data in remote locations.

In part three of a three-part feature, Vitaly Egorov describes Russia’s modern posture in space and the challenges and possible ways of development of the national space industry. In this third and final part, Vitaly looks at how commercial alternatives can help fulfill Russia's space ambitions and honour its heritage.

Last week, SpaceWatch Global attended the Satellite 2018 event held in Washington, D.C. and one of the features of the event that also ran last year, was ‘Startup Space’, a competition that sees 20 Newspace new entrants, given 5 minutes to pitch their business to a panel of highly accomplished space professionals, investors, thought leaders, and fellow entrepreneurs. During the day-long event, I came across Equatorial Space Industries, which is developing the Volans launcher, capable of delivering 35-70Kg of payload for under $1m. This team of 15, based in Singapore, are looking to change the economics of getting small satellites to space and to providing much-needed dedicated launches to a small satellite market in need.