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Mu Space to raise USD 25 million in funding

Tuesday 27 October 2020 | 11:22 CET | News
Satellite and space technology company mu Space is in talks to raise up to USD 25 million in series B funding at a pre-money valuation of USD 75 million (approximately THB 2.3 billion) according to plans reviewed by the Bangkok Post. Mu Space plans to use the new funding to develop satellite broadband services, build a 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

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Categories: Broadcast & Satellite
Companies: mu Space
Countries: Thailand
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