LA PLATA, Maryland — Startup small geostationary-orbit satellite manufacturer AscendArc, founded in 2023, has sold its first satellite to Korea Telecom’s KT Sat satellite operator for deliver in late 2027 by promising 400-500-Gbps throughput in a satellite weighing 1,000-1,500 kilograms and costing less than $100 million.
US-based AscendArc and KT Sat announced the contract on Sept. 4. KT Sat Chief Executive Young-soo Seo outlined why it selected a company that has yet to build its first satellite ahead of more-experienced . . .
To view the entire article, become a subscriber!
