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"
|