Leading Southeast Asia
aerospace
company mu Space unveils $4 million ultra-fast
internet satellite
mu Space Corp revealed more
details on its revolutionary
new satellite which will power ultra-fast 5Gbps
connection
Aerospace manufacturer and
satellite internet service provider mu Space
Corp, has just announced plans to manufacture up to
200 of its revolutionary MU-B200
satellites which are capable of providing ultra-fast
5Gbps internet speeds to remote locations.
With a price tag of US$4
million - less than half that of similar technology
currently on the market
- the MU-B200, is part of mu Space Corps’ plans for
rapid expansion in 2022. mu Space Corp is
an aerospace manufacturer and satellite internet
service provider redefining the aerospace
landscape in Southeast Asia.
The organisation recently
welcomed invited members of the press to the Tech
Day Event at its
state-of-the-art facility in Bangkok, Factory 1. The
event consisted of futuristic space panels,
showcases, tech discussions, a tour of the factory
and a first-hand experience within the walls of
the leading space organisation. On top of inviting
the press to witness mu Space's plan for the
rocket-powered industry, the event enabled the
organisation to showcase its products.
Headlining the event was the
announcement of mu Space’s latest satellite. The
MU-B200 is a
200kg customizable satellite that focuses on
delivering high power and accelerates
performance. It comes equipped with a 1.2 kW high
power system, which is further
customizable to the client's needs. The price of the
MU-B200 was confirmed as $4 Million, with
deliveries to be made within 12 months of order.
The MU-B200’s $4 Million price
tag is approximately half that of similar products
on the market,
which range from around $7 - $10 million dollars. mu
Space, through its own vertical integration
methods, has managed to lower the price
dramatically, while cutting the waiting time and
hefty
associated costs.
By producing everything
in-house, the company can lower cost prices, control
quality each step
of the way, and customize products as the process
progresses. A vertically integrated strategy
isn't solely advantageous to mu Space alone, but
also their clients. It allows clients to trust that
quality is being monitored closely in every process,
on top of giving clients the freedom to
customize the components to their specifications.
One key feature of the MU-B200
is its power system, whose efficient design has
reduced cost
by up to 25 percent, while achieving capacity that
is 3.3 times greater than the market today,
and a life cycle that is 2.75 times greater. The
power system is also equipped with sensors that
are able to track its power consumption and control
its usage to the most efficient level possible.
mu Space Corp aims to
continuously grow within the space industry, this is
evident through the
company’s rapid expansion of production, facilities,
and employees. In October of this year, mu
Space unveiled plans for Factory 2, their third and
largest facility to date. This expansion not
only gave birth to more facilities but also allowed
the company to scale their production. mu
Space Corp has also continuously added to their team
throughout this year and has reached
100 employees with plans to have 300 employees by
the end of 2022, swiftly putting the
company on the map to become a leader in the global
space industry.
With worldwide launch activity
having increased by 39 percent over the last decade
and the
value of the global satellite industry expected to
be valued at $508 billion by 2024 according to
the Global Satellite Industry Insights & Forecast
Report 2020, mu Space Corp’s expansion into
the market is a signal that Southeast Asia is
accelerating its participation in the satellite
industry.
Speaking about the latest
MU-B200 announcement, mu Space CEO and founder James
Yenbamroong said: “I remember the days when we only
had one desk at mu Space. Now, we
have over 100 employees with plans for 300 by the
end of next year. With the addition of
Factory 2, our largest facility to date, our eyes
are very much to the sky. The focus of the
MU-B200 satellite is to provide high performance and
high power to all of Southeast Asia and
beyond. The higher the power, the faster the
internet connection."
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