S'pore-made satellite to go into orbit next year
ST Electronics plans to launch its first commercial satellite in the fourth quarter of next year, it announced at the Global Space and Technology Convention yesterday while unveiling several partnerships with overseas satellite companies.
Called TeLEOS-1, the satellite will also be Singapore's first commercial earth observation satellite, and is "in the final stage of development", it said.
The company's satellite communications & sensor systems unit, STEE-SatComS, had signed a launch service agreement with India's state-owned Antrix Corporation to send TeLEOS-1 into a near equatorial orbit.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results