At present, the Galaxy Aerospace Technology team has developed a low-orbit broadband communication satellite payload in the Q/V band and a low-orbit broadband satellite communication system with a 10Gbps capacity, and has initially verified the low-cost, batch-mode.
It is learned that commercial aerospace company “Yinhe Aerospace” announced that it has recently completed the latest round of financing, led by Jiantou Huake Investment Co., Ltd. (“Jiantou Huake”), Shun Capital, IDG Capital, Jun Lian Capital and Morningside Capital have invested in the latest valuation of more than 5 billion yuan, becoming one of the most highly valued startups on the domestic commercial aerospace track.
In March of this year, he interviewed Xu Ming, founder of Galaxy Aerospace, Detailed introduction to the Galaxy Aerospace Business models and the market opportunities and challenges they face. Galaxy Aerospace was founded in 2018 by Xu Ming, co-founder and former president of Cheetah Mobile. The company deeply integrates aerospace and Internet genes, and develops through rapid development and rapid iteration. The low-cost, high-performance 5G satellite is dedicated to building a low-orbit broadband communication satellite constellation. It hopes to provide 5G satellite communication and satellite Internet services to the world, eliminating the digital divide of Internet development, and building space and space information for China.
At present, the Galaxy Aerospace Technology Team has developed a low-orbit broadband communication satellite payload in Q/V band and a low-orbit broadband satellite communication system with 10Gbps capacity, and has carried out preliminary research on low-cost, batch-based models. verification.
In 2018, Galaxy Aerospace acquired Shun Capital, Morningside Capital, IDG Capital, Gaochun Capital, Source Capital Investment in a number of institutions such as Junlian Capital. After this round of financing, the company will continue to focus on technology development and commercial application scenarios for low-orbit broadband communications satellites.
Low-rail broadband communication satellite networking is considered to be a powerful complement to the terrestrial Internet by the “space-based” approach. According to the 2019 digital report released by We Are Social and Hootsuite, there are 4.388 billion Internet users, accounting for 57% of the global population, and nearly 4 billion people still have no access to the Internet. The complex geomorphology of the world makes it difficult to lay ground communication networks in remote mountainous areas, oceans and desert areas. This means that satellite communication is one of the important means to solve the comprehensive coverage of the global Internet.
This program is gradually being adopted by many technology giants around the world. In March of this year, OneWeb first batch of 6 refrigerator-sized satellites all Successful trajectory. In May, SpaceX launched the first batch of low-orbit broadband communication satellite “Star Chain” with “one arrow and sixty stars”. Satellites. In addition, in this market, there are aviation giant Boeing, Canadian space company Telesat, Korean semiconductor manufacturers Samsung and Amazon. But in China, only bank aerospace companies are building low-band broadband communications. Satellite constellation company.
The giants joined to reflect the huge potential market of the satellite broadband industry. Morgan Stanley once said that the industry’s revenue in 2018 will be only $4 billion, but with the implementation of network planning and Consumers’ online habits are changing, and the industry’s revenue is expected to reach a high level. By 2024, the industry’s revenue is expected to increase to 22 billion US dollars, and by 2029 will increase to 41 billion US dollars. The Wall Street Journal has previously estimated SpaceX’s satellite constellation Starlink, which believes that by 2025 users will exceed 40 million, bringing in revenues of $30 billion.
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