Taiwan is in talks with several investors to raise funds for the project. Read more at straitstimes.com.
TAIPEI - Taiwan is courting investors to help it establish its own satellite communications provider, inspired by the role
The island’s space agency, known as TASA, wants to spin the project out of an existing satellite division, according to three people familiar with the situation. “We look at the Russian invasion of Ukraine and how Starlink has been used very successfully,” said Audrey Tang, Taiwan’s digital minister. Among the investors approached for funding was Draper Associates, the Silicon Valley venture capital firm that was an early investor in SpaceX and Tesla, Mr Musk’s electric vehicle company.Low-Earth orbit satellites fly much closer to the ground than geostationary ones, which in the past have mainly been used to provide satellite Internet access.
“At the moment, we have a single player and a very large number of competitors coming into the field, several of which are already struggling financially,” said Bill Ray, vice-president at tech research group Gartner, who analyses the space industry. “Eventually, there will be just four or five global providers . . . How are you going to differentiate yourself?”
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