SHANGHAI, May 24, 2024 /PRNewswire/ -- SpaceX's Starlink
recently officially announced their high-speed internet
constellation is now connecting more than 3 million people with
high-speed internet across nearly 100 countries, territories, and
many other markets.
Low Earth orbit (LEO) satellite constellations offer real-time
network services to people in extreme environments and areas with
underdeveloped infrastructure. As LEO satellite deployments surge
globally, commercial aerospace enterprises are becoming key
players.
In China, Geespace, a
commercial aerospace company under Geely, is constructing and
operating Geely Future Mobility Constellation. This constellation
has completed the deployment of two orbital planes. The third plane
is set to launch in the second half of this year, marking the start
of global application services. The fourth plane will feature
direct-to-cell satellite communication payloads, serving many
existing mobile phones. Geespace plans to complete the first phase
of the constellation with 72 satellites within two years, providing
global real-time data communication services.
Iridium achieved $203.9 million in
total revenue and $19.7 million in
net income in the first quarter of 2024. The development history of
Iridium highlights two critical challenges in the LEO satellite
industry: reducing construction costs and finding a successful
business model.
Geespace addresses these challenges in three steps:
- Satellite Manufacturing: Geespace leverages Geely's
automated assembly technology and mass production management model
to create an intelligent, flexible satellite production line. This
shortens the satellite's assembly, integration and test (AIT) cycle
and reduces production costs by 45%, with an annual production
capacity of 500 satellites.
- Satellite Application: Geespace achieved large-scale
applications of satellite communication and satellite-based
high-precision positioning in 2023. Several Geely models, including
Zeekr and Geely Galaxy, are equipped with Geespace's two-way
satellite communication functions.
- Business Models: Providing global commercial services has
become the mainstream trend among companies like SpaceX,
Iridium, and Geespace.
In Southeast Asia, Geespace
signed an agreement with Malaysian telecom operator Altel to
accelerate smart port and smart agriculture solutions. In the
Middle East, Geespace partnered
with Omani satellite communication company Azyan Telecom to promote
the deployment of Geely Future Mobility Constellation's services,
including direct-to-cell, in the Middle
East and Africa.
With successful precedents like Iridium and SpaceX, Geespace's
global expansion is not just strategic but also poised to bring
substantial commercial value.
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