Internet access is swiftly becoming a core feature of modern life across the world - as of 2021, nearly 60% of the global population were active internet users, and the number is only set to climb. Looking to facilitate and benefit from this are Astranis, who have developed advanced small-form factor satellite technology (similar to SpaceX) to improve satellite internet access across the world.
This has proven an astronomically successful proposition with an overwhelming demand from global customers, including a partnership to triple data speeds across the state of Alaska. This is no surprise, as provision of basic internet capabilities is in the interests of industry, governments, and the population at large.
With a valuation of $1.6 billion, the company's April 2023 injection of capital is set to ensure the company meets its production demands. Its satellite method is already groundbreaking and the company's first one launched in 2023. Two more launches are scheduled for 2024.
Kirsty
Company Specialist at Welcome to the Jungle