mu Space Corp is an aerospace manufacturer and satellite internet service provider from Southeast Asia. The company has been operating from its headquarters and three factories based in Bangkok, for the past five years. Towards the end of last year, 2021, mu Space announced its satellite production, the mu-B200, to the commercial market with a price tag of $4-Million.
The majority of the manufacturing process is housed at Factory 1, mu Space’s second factory that was launched in early 2021, as it is fully equipped with facilities to produce a satellite. Factory 1 includes a satellite zone, battery zone, heavy machinery, and a cleanroom, all vital to the production process of a satellite. The satellite includes a unique power system, thus providing seamless connectivity for communication and data services.
Ensuring quality and security
James Yenbamroong, mu Space CEO & CTO, puts paramount concern on the quality of the product and has clear requirements for products to be thoroughly tested before appearing on the market. Earlier this year, products were tested at GISTDA, an Airbus and international certified facility in Thailand. The results were positive, and testing of other products will continue at this facility with the aim to provide customers with the highest-quality product that is available in the market.
The company recently announced its first customer of the mu-B200: data storage service provider and cloud infrastructure expert, Spacebelt. The two companies signed an MOU in August of this year, with plans to strike a commercial deal by 2023. The deal will see mu Space providing high-powered LEO satellites to Spacebelt for them to operate their data services.
Apart from developing their products, which also include satellite components, mu Space intends to build a supply chain in Southeast Asia for materials, equipment, and goods related to the entire aerospace industry.
A boon to the space industry
Apart from developing their products, which also include satellite components, mu Space intends to build a supply chain in Southeast Asia for materials, equipment, and goods related to the entire aerospace industry; from procuring satellite production materials and aerospace components, all the way to producing and assembling the product.
According to economic reports on the space industry by major media outlets and leading analyst groups, the value of the global space industry is estimated to rise. Reports by leading economists from the highly renowned Morgan Stanley suggest that by 2040, the aerospace industry will have a market value of $1-Trillion, potentially contributing to Thailand becoming the center of the aerospace industry network. This will impact the country by positively affecting the economy, education, technological advancement, and in terms of creating jobs and careers. On top of that, the positive results are expected to expand and spread widely, covering the whole of Southeast Asia.
Investing in the future
mu Space is fully committed to creating a supply chain in the aerospace industry, with support from investors who see opportunities in this industry. Among these leading investors are: B.Grimm Joint Ventures – Private Electricity Industry of Thailand; Majuven Fund; various private investors such as Executives from the University of California, Los Angeles (UCLA) Foundation; and many other industrial and technology-related investors, both domestically and internationally.