While aerospace giants like SpaceX and Arianespace are busy launching satellites into orbit, one Singaporean company — Addvalue Technologies (SGX:A31
) — is steadily making its way to space with its proprietary solution for satellite operators and organisations in need of satellite services. The company, which is listed on the mainboard, says its inter-satellite data relay system (IDRS) is the only commercial solution worldwide that enables uninterrupted 24/7 communication between low-orbit satellites and ground stations.
In the fiercely competitive race to space, bigger is not just better but essential. Some of the world’s wealthiest individuals are investing vast sums to realise their vision of humanity living and working beyond Earth. Elon Musk’s SpaceX commands the lion’s share of the rocket launch market, surpassing even Nasa, while rivals like Jeff Bezos’ Blue Origin are far from standing still.
Most rocket launches deploy satellites for a range of applications, including security surveillance, disaster prevention, urban planning and remote broadband connectivity. For the likes of Musk and Bezos, the so-called satellite race is about shaping not just the future of technology but also humanity’s role in the uncharted frontier of space.
