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mu Space advanced on future technology and expects to complete fundraising at $100 million valuation

 

mu Space and Advanced Technology, Satellite and Space Technologies Venture, led by an aerospace engineer James Yenbamroong, is in talks to raise up to $25 million in series B funding at a pre-money valuation of $75 million (2.3 billion Baht) reviewed by Bangkok Post.

mu Space plans to use the new funding on new satellite broadband services, build a future factory and autonomous manufacturing systems with new AI and machine learning technologies to make its own production capability of satellite components and future spacecraft operational, and to perform further space flight tests to validate technologies for spaceship and internet data center constellation mission concept unveiled at the press conference "MOU signing between TOT and mu Space"