Does Singapore have its own satellite? On December 16, 2015, TeLEOS-1 became the first made-in-SIngapore commercial earth observation satellite to be launched into space.
There are now at least 30 companies and some 1,000 individuals involved in Singapore’s fledgling space industry, working on cutting-edge space technology such as nanosatellites or miniature suitcase-sized satellites that weight 10kg and less (NuSpace); small rockets just 18m high (Equatorial Space Systems); and a device called Centauri that, working with a a network of low-orbit satellites, could bring high-bandwidth internet to any place on earth (Transcelestial).
It is estimated that the global space sector could generate US$1 trillion in revenue by 2040. Currently Singapore accounts for 7 per cent of investments in this sector. The Singapore Space and Technology Ltd, an NGO advocating for the industry, shares about the benefits it could bring to SIngapore’s economy.
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