financetom
Business
financetom
/
Business
/
Japan's SKY Perfect JSAT to invest $230 million in observation satellites
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's SKY Perfect JSAT to invest $230 million in observation satellites
Feb 4, 2025 10:03 PM

TOKYO (Reuters) - Japan's SKY Perfect JSAT will invest about $230 million to build a constellation of low-Earth orbit satellites using U.S. company Planet Labs' Pelican satellite, the company said on Wednesday.

JSAT will enter the Earth observation satellite business through the investment that will be carried out by its American subsidiary, the company said.

Shares in JSAT, the biggest broadcast and communication satellite operator in Asia, rose as much as 9% after the announcement.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
DoorDash Expands Member Benefits in Canada
DoorDash Expands Member Benefits in Canada
Sep 9, 2025
09:44 AM EDT, 09/09/2025 (MT Newswires) -- DoorDash ( DASH ) said Tuesday it is expanding benefits for DashPass members in Canada. The company said Amazon's ( AMZN ) Prime members in Canada will receive free DashPass, providing free or reduced service fees on eligible orders. Additionally, DoorDash ( DASH ) said it is opening a digital store on Amazon...
Update: Market Chatter: Meta Selects Pacific Investment for $26 Billion Debt Funding Deal
Update: Market Chatter: Meta Selects Pacific Investment for $26 Billion Debt Funding Deal
Sep 9, 2025
09:44 AM EDT, 09/09/2025 (MT Newswires) -- (Updates with Pacific Investment's response in the fourth paragraph.) Meta Platforms ( META ) has selected Pacific Investment Management to lead a $26 billion debt financing to construct a new data center in Louisiana, Bloomberg reported Saturday, citing sources familiar with the matter. Blue Owl Capital (OWL) will contribute $3 billion in equity...
Agnico Eagle Up 0.8%, At 52 Week Highs In US Premarket Disposing of Its Interest In Orla, Which Is Down 2.7%
Agnico Eagle Up 0.8%, At 52 Week Highs In US Premarket Disposing of Its Interest In Orla, Which Is Down 2.7%
Sep 9, 2025
09:12 AM EDT, 09/09/2025 (MT Newswires) -- Agnico Eagle Mines Limited ( AEM ) was at last look up 0.8% and at fresh 52 week high levels Monday after saying it sold more than 38 million common shares of Orla Mining ( ORLA ) in a sale to buyers in Canada, the United States and elsewhere through the facilities of...
Valens, Samsung Collaborate to Further Automotive Application Ecosystem; Shares Rise Pre-Bell
Valens, Samsung Collaborate to Further Automotive Application Ecosystem; Shares Rise Pre-Bell
Sep 9, 2025
09:11 AM EDT, 09/09/2025 (MT Newswires) -- Valens Semiconductor ( VLN ) said Tuesday that it is collaborating with Samsung to develop the next generation of MIPI A-PHY products used in automotive applications like advanced driver-assistance and infotainments systems. Under the collaboration, Samsung Foundry will fabricate Valens Semiconductor's ( VLN ) MIPI A-PHY chipsets using its automotive process node, the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved