Exclusive: Thai startup mu Space plans to raise over $9.2m this year

Exclusive: Thai startup mu Space plans to raise over $9.2m this year

mu Space’s chief executive officer and founder James Yenbamroong

Thailand’s first space technology startup mu Space Corp plans to raise over 300 million baht ($9.2 million) this year for its business development and expansion, founder and CEO James Yenbamroong told DEALSTREETASIA.

The fundraising round is planned after it received a license from the National Broadcasting and Telecommunications Commission last month to launch its geostationary satellite and provide satellite-based services until 2032, making it Thailand’s first space technology startup to do so.

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