SAS 0.00% 2.8¢ sky and space global ltd

From: hazariaanush Date: 6/10/2016 12:14 (GMT+08:00) Subject:...

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    From: hazariaanush <[email protected]>
    Date: 6/10/2016 12:14 (GMT+08:00)
    Subject: SAS Investment Questions and Answers

    Hi all SAS investors.

    Ive been reading SAS Hot Copper posts and researching SAS and Nanosats. I also had a long chat to Brett Mitchell about the company.

    After doing some research I decided to invest in SAS. Then decided to collate the information and present it here for current and future share holders and investors.

    Some edited posts are not referenced. If You would like to be referenced Im happy to amend and repost. I would like this to be an ongoing collaboration to update and rectify information to keep everyone informed. You can send info or updates to hazariaanush at gmail dot com.

    From previous experience it can also help to answer repeated questions from each new potential investor.



    1. Did SAS buy the shell company Burleson? Who provided the Coy funds to purchase Burleson?

    Yes From capital raising.

    2. What sharemarkets are SAS traded on?

    ASX only.

    3. Why is it an Israeli Tech set up in England with a shell company in Australia?

    Invited by Brett Mitchell and Roby Zomer to list on the ASX.

    Meir and Meidad were introduced to Brett by Roby Zomer in Israel, who is a founder and a partner of Brett's in MXC – MGC Pharmaceuticals.
    Sky and Space Global owns 100% of Sky and Space Global (UK) Limited, a UK incorporated company with European and Israeli centres of aerospace, satellite and software industry expertise.

    4. Will SAS list on the Stock exchange in the USA?

    Possibly when SAS reaches above the $100 million Market Cap. 1.2 Billion shares into $100 million is 0.083 per share.

    5. How many personnel work for SAS?

    Currently a Corporate shared office to run lean.
    Outsourcing of Nanosat build/Hardware. Max 30 personnell with initially large sales team of 10 to 12.

    6. Core Team Members

    CEO and MD Meir Moalem

    A jet fighter pilot, Lt. Col (Res.) of the IAF, has over 20 years of experience in management, R&D and operation of state-of-the-art projects in Space Systems and UAS. Meir is a Founder of SSG and its CEO and Managing Director.
    Meir served as the head of Space Systems Branch in the Israeli Air Force, led the MEDIEX experiment on Space Shuttle Columbia (STS-107) as the project manager for Israel first astronaut flight and led Israel’s satellite projects including Ofeq and Techsar.
    During his many years of service, Meir worked with high level national security contacts, planning for strategic security requirements, projects initiation, development and design management, policy making, total responsibility for planning, while managing multi-million project budgets.
    Meir holds a B.Sc. in Physics from Ben Gurion University, M.A. in national security from Tel Aviv University and is in final stage of his PhD. Meir was awarded the Israel National Security Award in 2009.

    Exec Director- Corporate -Brett Mitchell.

    Brett is a Corporate Finance executive with over 20 years experience in corporate financing and resourcing industry. Involved in founding, financing and management of private and publicly listed resource companies.
    Holds a Bachelor of Economics from the University of Western Australia.
    A member of the Australian Institute of Company Directors (AICD).
    Current Executive Chairman of MGC Pharmaceuticals Ltd and Non Executive Director of Digital X Ltd. Previous Executive Director of Tamaska Oil and Gas Ltd. Previous Director of Wildhorse Energy Ltd.

    CTO Meidad Pariente

    With more than 20 years of satellite and aerospace industry experience, Meidad is a founder of SSG and its Chief Technical Officer.
    Meidad started as AMOS-1 satellite operator, later was the Deputy Mission Manager of AMOS-2, Chief systems engineer of AMOS-3 successfully launched in 2008, and special engineering advisor for AMOS-5, launched in 2011.
    Meidad was the chief systems engineer and led a team of Israeli engineers and scientists designing the VENUS project, an Israeli-French hyperspectral satellite.
    Meidad is a leading nanosatellite expert, having led projects in Israel, Europe and the USA. In 2014 Meidad and Maya led the “Duchifat-1” project, the first Israeli nanosatellite which was launched successfully in June 2014 as part of a tertiary project. The Nano-satellite is still fully operational. Meidad holds a B.Sc in Physics from Tel Aviv University and a M.E. in Systems Engineering from the Technion Aerospace faculty.

    COO Maya Glickman

    With more than 14 years of hands-on experience, Maya Glickman is SSG's satellite mission analyst, orbit designer, and satellite operating expert. Maya was a Senior Satellite Engineer of communications satellites with Israel Aerospace Industries.
    Maya was part of the AMOS-3 development team, LEOP and IOT missions as well as the AMOS-1 “hand-over” to Intelsat and led the end-of-life mission team. Maya designed and optimized several large scale constellations for earth observation and communication use, and was involved in the assembly, integration and testing of “Duchifat-1”, the first Israeli nanosatellite.
    Maya has a B.Sc. in Aerospace Engineering and M.E in System Engineering, both from the Technion Aerospace faculty, and is also a graduate of the 2003 ISU summer session program in Adelaide, Australia.

    Maya Glickman-Pariente, COO of Sky and Space Global (ASX:SAS), at the ISU Space Studies Program 2016, teaching practical space engineering, together with @joe Pellegrino [email protected] Connolly from NASA - National Aeronautics and Space Administration.

    Amongst the activities, they are going to have a stratospheric balloon flight with a drone attempting to fly home, a Mars rover drive, a landing module concept contest and a rocket design and launch competition to finish off the 3 weeks of engineering
    ‪#‎DreamItLaunchIt‬, ISU Space Studies Program

    Meidad Pariente
    Satellite Operator

    CEO SAS Poland Itamar Tsabari

    Itamar Tsabari – CEO & Founder of JusticeApp: Former head of elite programming team in the IDF. First place winner of Start-up weekend competition that took place in Jerusalem in 2012.
    Co-founder of the JCE (Jerusalem College of Engineering) Entrepreneurship Center. Lig is his second startup.
    Ex-researcher and customer success specialist at Newvem. Itamar has a background in programming, design, marketing, management & public speaking.

    ITAMAR has made: - An app which gives you "Phacts" on an item / place / company logo which you took a picture of. I created their image search and data extraction algorithm. - This app will allow you to take a picture of any product in your home, it will register it on your behalf with the right manufacturer and will supply you will How to Maintain, Repair, Operate and which Supplies / Parts are needed for that item. In their next phase they will also allow you to purchase supplies / parts via the app. - I created many of their algorithms, logic and the complete db structure, I was involved in Phase one and now they moved their project to an internal team.
    Dental Clinic management system - in the IDF
    Manpower management system - in the IDF
    Fuel, gas and electricity management system - in the IDF
    Managed a refugee camp in the Second Lebanese war, I also built a complete management and operational structure for a refugees camps in Israel, since then till now they are using it.

    7. Company Affiliations

    "Looks like we are in very capable hands with Flextronics who….. “… helps you master complex rules and regulations as you enter new markets and expand your business around the world. Leverage our global presence and deep expertise to help optimize your government incentives, channel partners, pricing, tax and trade, and customs strategies."

    8. Value Creation

    "If there’s a theme emanating from this play in the past couple of months, it is validation.

    SAS has bagged an LOI with Virgin Galactic and completed an offtake deal, but in the past two months it has been validated by regulators and those in the know the world over.

    This is in part due to the pace that it is achieving its value creation milestones. As you can see by the timetable below, things are ticking along nicely and SAS will start constructing its nano-satellites (known as three diamonds) as early as next month. It also has several catalysts on the way including the tender (October 2016) to build a constellation of 200 nano-sats for 2018, start space simulation testing in December 2016 and launch the 3 diamonds from India in April/May 2017. Let’s not forget SAS has already secured a launch contract for Q2 2017 to be delivered through leading European launch broker, Innovation Space Logistics BV."

    Sky and Space Global software team, led by senior software engineers that worked for Ericsson, who has been at the forefront of communications technology for over 100 years and are a leader of the global ICT industry. The Sky and Space team have developed the software architecture to allow standard Voice Over Internet Protocols (VOIP) and data transfer protocols to be used over existing space proven protocols.
    Cap raising done. Fully funded to rocket launch mid next year.


    1. Who builds the nano satellites?

    The Diamonds are contracted to gomspace.
    After that a tender process has been initiated.

    2. How are the Diamond NanoSats being launched? Cost?

    They are sending the first 3 nanosats in orbit using the PSLV rocket, which has never failed a launch since its first in 1993.

    Nano sats, defined as small satellites with a wet mass of between 1kg and 10kg.Conventional satellites that have a $US400-$500m ($557-$697m) build and launch cost per unit.

    The $4.5 million capital raising on listing will fully fund the next 12 months with $1.5 million to launch the nanosatellites.Costs are $500,000.00 each for the diamonds. The tender for the 200 full set should see further cost reductions. (The Diamond launch will be on a ‘polar’ orbit not an ‘equatorial’ orbit. Real coverage will come when the launch of multiple Nanosats.)

    Mr Moalem said Sky and Space Global’s satellites were called Diamonds and named Buddha, Dharma and Sangha.
    The plan is for them to circle 600 to 800 kilometres above Earth while in orbit.

    2. Who builds the Virgin Galaxy transport and placement module?

    Virgin. Launch platform by SAS.

    3. How high up is the orbit?

    500 to 800km.

    4. Whats there propulsion system?-

    Stated by Meidad as being Green..possibly hydrogen peroxide. Not confirmed.

    5. How do they maintain orbit?

    With propulsion. Burn out after 4 years in atmosphere.

    6. How long is it proposed to maintain orbit?


    7. So what makes the SAS telecom ip better? Whose Your Competition? What stage are they at?

    Ericcson software engineers with SAS ip.Sky and Space Global software team, led by senior software engineers that worked for Ericsson, who has been at the forefront of communications technology for over 100 years and are a leader of the global ICT industry. The Sky and Space team have developed the software architecture to allow standard Voice Over Internet Protocols (VOIP) and data transfer protocols to be used over existing space proven protocols.

    Sky and Space Global has a goal and promises to deliver "affordable communication services to ANYONE, ANYWHERE, ANYTIME", which will "connect the four billion people currently without access to basic mobile coverage, including text messaging and voice calls".

    No competitors in the vicinity of what SAS will be offering. All nano satellite competitors are trying to bring internet connectivity 'Wifi anywhere' type products, 5 years away from technically capable.

    Another Israeli Nano

    09-29-2016 10:18 AM CET - IT, New Media & Software

    PDFNanosatellite and Microsatellite Market - U.S. to Steer Growth of Market as Space Research Spending Increases

    Press release from: TMR

    “The U.S. has been one of the most attractive markets for nanosatellites and microsatellites and an increasing number of small and large players look to expand operations in the country,” the author of the TMR study finds.

    An excellent example would be Lockheed Martin Corporation. Although this industry giant has a massive global presence, the company has been increasingly focused on developing advanced launch services in the U.S. aeronautics and space systems market. UK-based Clyde Space Ltd. and Denmark-based GomSpace are other prominent companies that have, of late, expanded their operations in the U.S., making the most of the country’s growing demand for space products.

    Industry Research Brochure is Available

    Nanosatellite and Microsatellite Market: Opportunity in Numbers

    The value of the global nanosatellite and microsatellite market is poised to expand at a strong CAGR of 12.1% from 2016 to 2024. Maintaining this pace, the market will be worth US$2.2 bn by 2024, increasing from US$529.1 mn in 2015.
    By solution, hardware dominates the nanosatellite and microsatellite market, with a share of over 35% in 2015. Data processing, on the other hand, is likely to register the highest CAGR of 13.2% during the forecast period. Communication is the leading application of nanosatellites and microsatellites. By mass, microsatellites dominate the market and also form the most rapidly expanding segment. While North America leads the global nanosatellite and microsatellite market, Asia Pacific is projected to grow at the fastest pace.

    This review is based on the findings of a TMR report titled “Nanosatellite and Microsatellite Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.”

    Favorable Long-term Impact of Low Cost of Production and Development

    The fact that nanosatellites and microsatellites find application in an increasing number of industry sectors is probably one of the most significant growth drivers for the market. Nanosatellites and microsatellites are used for navigation and mapping, in the education sector and for scientific research, for various commercial purposes, and in the military and defense. “These satellites are a much more feasible alternative to large satellites as they fulfil the specific research requirements minus the need for massive financial investments,” a lead analyst at TMR says.

    “This factor will, however, have a high impact only in the short and medium term,” the analyst predicts. “In the long run, the saturation of the use of nanosatellites and microsatellites in these fields will result in a reduced impact on the global market.”

    Browse Report:

    On the other hand, the impact of the lower cost of production and development of nanosatellites and microsatellites will be impressively high in the medium and long term, with the benefits not entirely reflecting in the short term.

    About Us

    Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

    US Office Contact

    90 State Street, Suite 700
    Albany, NY 12207
    Tel: +1-518-618-1030
    USA - Canada Toll Free: 866-552-3453
    Email: [email protected]

    PDF]Worldwide Satellite Magazine — July / August 2016 - SatMagazine › SM_JulA

    Registering its intent

    "Towards the middle of July SAS started to register its business with the International Telecommunications Union (ITU) for a specific spectrum frequency for its satellites.
    The ITU is an United Nations agency coordinating all the spectrum for all the satellites in the world to make sure things are running smoothly.

    It’s good to have a central point on these things, after all.

    It turns out though that not just any Tom, Dick, or Harry can turn up at the UN and apply for spectrum – this is serious business.

    To even make an application with the UN, you first need to be validated (in SAS’ case) by the UK’s communications regulator – Ofcom.

    To meet the requirements of Ofcom, SAS needed to undergo a rigorous set of due diligence tests, including the submission of technical and commercial data to validate the viability of its technology.

    The fact the UK regulator has assessed both SAS’ tech and its commercial viability and found it okay to pass onto the ITU is a strong sign.

    It adds an extra layer of validation onto this story.

    Normally with small-ish tech plays like this one you’re never really sure what’s going on with the tech, but the UK regulator has made sure the tech passes muster.

    The extra layer of quality control ensures that not just any company can apply for spectrum.

    While SAS still needs to pass the ITU system to get the spectrum, given the nobility of its goal in providing more telecommunications to the poorest regions on earth, it could look upon SAS favourably.

    Investors should note that ITU certification is not guaranteed though, and this shouldn’t be factored into any investment decision. In fact, you should always consult a professional and do your own research before deciding whether or not to invest."

    The Virgin deal isn’t the only big news.

    In June this year, SAS completed Preliminary Design Review (PDR) of its 3 Diamonds conducted by leading European aerospace constructor GomSpace (GOMX:SS), which commenced trading on the Swedish NASDAQ in that same month.

    The deal with GOMX ensures the SAS program meets schedule and cost requirements. Through its relationship with GOMX, the 3 Diamonds will be the first nano-sats to comply with the European Space Agency’s new regulations.

    Meidad Pariente -propulsion system will be non toxic, non hazardous explosive wise. It will be "green".

    The life of the Nanosats will be 4 to 7 years. From 2020 25% of the Nanosats will be replaced yearly to
    Upgrade technology and systems.

    8. Who is writing and testing the software for the Nanosats and Who will update the Software?

    Ericsson and SAS. Managed by Maya.
    Software tests and critical design review are complete.
    Technical validation de-risks the company’s commercial nano-satellite offering, potentially bringing data and communications services to billions of people globally.
    Tests across two interconnected ‘Hardware in the Loop’ (HIL) software labs between Poland and Israel. Utilising hardware aligned with that will be used on the Nanosats.

    9. What type of software programming is used?

    Economic in confidence.

    10. What land based infrastructure is required for the Diamond testing and the Full set up of 100 to 200 Nanosats?

    Not much. Software uploading satellite link.

    11. UHF/KU band/ Communication frequency.

    27 September 2016 ASX Code: SAS Operations Update – Frequency Approval and Progress towards Launch Highlights •

    SAS has received formal approval from the United Kingdom’s Ministry of Defence (MOD) for the use of the MOD’s UHF frequency, representing substantial technical validation of the Company’s narrowband communications platform offering •
    Construction of the Company’s 3 initial nano-satellites “3 Diamonds” is on track to commence during October at GomSpace, following the recent completion of the Critical Design Review •
    Formal tender documentation has been issued to major international aerospace contractors for the construction of SAS’s full constellation of up to 200 nano-satellites •
    Discussions continuing with potential commercial customers and strategic industry partners •
    The Company recently attended World Satellite Business Week in Paris, and has been invited to participate in the “Reinventing Space”, “Space Mission 3”and “Satellite Finance Network” prestigious industry events, which only highly disruptive companies are invited to attend •
    Successful PSLV Rocket launch on 26 September 2016 by the ISRO, the same launch vehicle SAS will be using for the launch of its “3 Diamonds” nano-satellites in Q2 2017

    • Release Date: 27/09/16 13:17
    • Summary: Operations Update - Frequency Approval and Launch Progress-SAS.AX
    • Price Sensitive: Yes
    • Download Document 477.75KB

    "This is a very welcomed update for all the FA investors.

    SAS have had to jump though many hurdles to secure this, first they needed approval from the ITU and Ofcom who is the main space regulatory body in the UK.

    The amount of due dilligence the Ministry of Defense would have had to do is incredible, they would have gone through the technical capability of the nanos with a fine tooth comb. Now we are free to use the UHF frequency till 2019 and fully demonstrate its commercial capability."
    HC post rnclarke76
    Time:17:15:32Post #:19455401

    "A previous comment was there may be a lack of Ku band spectrum rights (pretty much tied up by Oneweb at this stage). Any hardcore researches found any information if they hold interests in a band of spectrum for communication?"

    While not a requirement of the testing regime, the company was also able to demonstrate the potential for seamless video transfer which may be used in future applications for the SAS network.

    Intellectual property associated with the software system will be registered in Europe and the US. In the coming months the software will be uploaded to the nano-satellites, allowing flight testing as network software optimisation progresses for the full Equatorial constellation of 200 nano-satellites due for deployment in 2018.

    Looking to the future, Chief Executive Meir Moalem said, “We will keep testing the system in more advanced and demanding scenarios while also upgrading our software capabilities, working towards deploying our constellation”.

    Sky and Space Global software team, led by senior software engineers that worked for Ericsson, who has been at the forefront of communications technology for over 100 years and are a leader of the global ICT industry. The Sky and Space team have developed the software architecture to allow standard Voice Over Internet Protocols (VOIP) and data transfer protocols to be used over existing space proven protocols.

    Sky and Space Global has a goal and promises to deliver "affordable communication services to ANYONE, ANYWHERE, ANYTIME", which will "connect the four billion people currently without access to basic mobile coverage, including text messaging and voice calls".

    Data speeds will be around 100kbps for mobile users, although satellite modems affixed to cars, planes, ships and buildings can, in the future, get faster speeds of between two and three megabits. See the video below for more detail.

    In addition, the nano satellite network will grow and will be progressively upgraded with better technologies and faster speeds once the initial network is in place.

    Funding Questions

    1. How will the satellite build and launch costs be funded for the Diamond Test and subsequent 100 to 200 Nanosats?

    Normal Sat cost $400 to $500 million dollars. NanoSats cost upto 80% less= ?$80 mill each x3 =$240 million.

    In actuality the Nanosats will cost $500k each.
    Diamond testing fully funded for 12 months.
    How much for the Diamond launch with Indias PSLV rocket? $750k

    2. Virgin Galactic have been quoted as stating a vehicle transport delivery will cost $10 million. How much will each delivery and how many will SAS use?

    3. Are You selling to Public and Military telecomm providers?

    More than likely with SAS contacts. See Meirs profile.

    4. Who has said they will Use or want Your services?

    Any JV's with upfront payments from Telcos occurring?

    Africa Telecom agreement is not limited to the initial 3 Satellites, they may well require more bandwidth. A number of satellites wasn't stated but a lot of investors including myself had the impression that it was limited to the three diamonds. This is not the case.
    - Ofcom have gone through the technology with a fine tooth comb and validated both the technical and commercial side. They have started frequency registration which is on target, but the launch can still happen if in the rare scenario approval hasn’t been granted.
    Satellites can be placed in orbit until they get entire approval (Management told me they expect frequency to be done beforehand so no issues there). They said frequency registration is a major hurdle to overcome (Other 'Wifi anywhere' type products will have an enormous task registering frequency as it will require a lot of bandwidth, they are years away from that stage, Google projects have failed due to this).

    - End users will not be having to invest hundreds of dollars into a Sat Phone. Meir stated their business model is substantially reduced. Management spent 2.5 years refining their strategy and go to market plan. They have a solution and they will tell us in due course.

    - Fully insured including any operational/delivery malfunctions.
    - No Capital Raising as some have suggested.

    They have a partner (Pan African Telecom) prepared to buy all the bandwidth produced from the first three nano satellites which will be launched next year. SAS have engaged GommSpace to create and build the 3 satellites, all the groundwork has largely been done.

    There are nano satellites out in space - but most of these are rendered useless as they are not able to communicate with each other. From the presentation "Developed software technology enabling the communication between nano-satellites in constellation and earth to create bandwidth - currently being patented"

    Once the initial 3 satellites are up and running they will then create a proprietary communication frequency which will be patented - this is the secret sauce and where our experienced team kicks in.

    The only risk I see is if they launch the satellites and realise the communication frequency doesn't work, but to me the risk/reward is very enticing. This could very well multibag based on potential.

    Cap raising done. Fully funded to rocket launch mid next year.

    5. Who do You have Agreements with?

    SAS has even bagged a binding prelaunch offtake agreement with a telecommunications company in Africa, and are working on more, with details of further agreements to follow shortly.

    Remember, these nano-satellites aren’t even in the air yet – which demonstrates that telecom companies in the region are desperate for a satellite network.

    In fact, SAS has previously said that in the case of the first 100 satellite launched, that it may be able to book revenue of between $US300 million ($A390.4 million) and $US500 million. The full 200 once in Equatorial orbit by 2020 could bring in up to $1Bn in annual revenues.

    Suffice to say, that’s a speculative figure and can’t really be relied upon when making an investment decision – always consult a professional financial advisor about your investment choices.

    Whether or not SAS reaches anywhere near those lofty figures, the company is still doing a good thing and making a money in the process. In doing so it is garnering significant mainstream attention.

    6. What are Your current and predicted operating costs?

    7. Who are the 300 million options for?

    They are for Meidad, Meir and Sharma Yonatan. Sharma being Meidads original business partner.
    Milestones/Performance is based on successful Nanosat launch.
    I expreesed to Brett that most investors would like to also see issue of prrformance shares related to Share holder value appreciation.

    8. Will each phase be Insured? By whom? Costs to Insure?

    Fully insured by Britain Global.
    "SAS is covered just in case everything goes wrong… As it turns out, launching satellites into space can be a bit…risky.

    So, finding insurance to at least somewhat lessen the financial blow if the worst were to happen to its satellites upon launch is really quite important.

    Luckily, SAS was able to bag insurance for the launch of its 3 Diamond nano-satellites from Brit Global Security at the end of June. This means the whole $3M of working capital invested is covered, for only a small premium."

    SAS links

    Sky and Space Global Ltd (formerly Burleson Energy Limited) (“Company”) reinstated 31st May 2016.

    Rachel Kerr | Company Secretary | Sky and Space Global Ltd
    Level 7 | 1008 Hay Street | Perth WA 6000 | Australia
    Tel +61 8 9389 2000 | Fax +61 8 9389 2099
    E-mail [email protected] | Web

    SAS on Facebook

    Satellite Information

    Sky and Space Global Ltd (formerly Burleson Energy Limited) (“Company”) reinstated 31st May 2016.

    Rachel Kerr | Company Secretary | Sky and Space Global Ltd
    Level 7 | 1008 Hay Street | Perth WA 6000 | Australia
    Tel +61 8 9389 2000 | Fax +61 8 9389 2099
    E-mail [email protected] | Web

    Watch "NanoSat Launch Concept" on YouTube

    Edited by Meidad Pariente

    IoT-Internet of Things
    M2M -Machine to Machine

    Article on Burleson (SAS) JV'S with Virgin Galactic.
    Here is a satellite history link with great info.: by Erik Kulu

    General Info Links

    Facts as of 19 September 2016
    Nanosatellites launched in total: 544
    CubeSats launched in total: 479
    Nanosatellites in orbit: 288
    Operational nanosatellites: 210
    Nanosatellites destroyed during launch: 70

    Erik Kulu's comments
    [email protected]

    Not much technical info is known about Sky and Space Global so have to see, but I believe they will first do an IoT/M2M network.
    IoT/M2M (communications) is a very hot field in (nanosatellite) space now. Many have gotten investments too.

    There isn't a direct need for commercial applications with nanosatellites yet, but when technologies advance even further, using them will be a smart thing to do to be competitive.

    For the cost of 1 big satellite you can build and launch hundreds of nanosatellites, which will give you much larger coverage of the Earth and much more data in total.There are already business cases for Earth observation and some of these companies have got very large funding

    Watch "SunCube - Your Own Personal Satellite in Space for $1000" on YouTube

    Watch "Comment construire un satellite / How to build a satellite" on YouTube
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