Thales Group to Provide Tech for Low Earth Orbit Satellites
The Franco-Italian aerospace manufacturer, Thales Alenia, which specialises in the space industry is set to supply the world’s only network of satellites in low earth orbit (LEO) with its industry-leading technology. More specifically, the Optical Inter-Satellite Links ─ which is hailed as the ‘best technology for the next generation of the Galileo Navigation System’, by the European Space Agency. Through the implementation of Thales Alenia’s optical systems, the satellite network will be able to provide global, fine-scale coverage, overland, oceans, and both poles, without compromising the security of data communications.
Telesat, a Canadian satellite services company, is currently developing the network and has commissioned Thales Alenia Space to build its broadband constellation. The network, which will be named Lightspeed, will apparently comprise 298 individual satellites, each weighing roughly 700 kilograms. These satellites will be capable of delivering multiple terabits per second worldwide for secure broadband professional services with low latency and high levels of performance. Ergo, it’ll be incredibly fast.
‘The Optical Inter Satellite Links technology is based on Thales Alenia Space’s product line Space Optical Communications, i.e., OPTEL-C. The more compact OPTEL-µ is another optical communications product from this line. This is particularly good for downloading data from small LEO satellites’, according to Innovation Origins.
Thales Alenia Space Background
Thales Alenia Space is the largest satellite manufacturer in Europe ─ the Swiss branch, which has been commissioned in this particular announcement, opened up five years ago in Zurich, where the company primarily specialises in the development and manufacture of instruments for scientific satellites, but also on optical communication terminals for space applications.
The Swiss Space Sector
When it comes to the European and international space industry, the Swiss sector is becoming increasingly important. Approximately 100 Swiss companies already produce incredibly sophisticated pieces of kit and technologies for space missions, and Switzerland also plays host to the European Space Agency Business Incubation Centre, which was established back in 2016 in an effort to help entrepreneurs ‘realise their innovative ideas and transfer technologies from space to Earth and from Earth to space.’
Bukalapak raises $1.5bn in record Singapore IPO, say sources
Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.
Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.
Bukalapak's 50x growth
Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.
Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.
Indonesia is Southeast Asia’s biggest economy.
Indonesia’s four biggest ecommerce companies
Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.
Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.
Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.
Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.