Japan's SKY Perfect JSAT to invest $230 mln in observation satellites
05/02/2025 05:28
TOKYO, Feb 5 (Reuters) - Japan's SKY Perfect JSAT
9412.T will invest about $230 million to build a constellation
of low-Earth orbit satellites using U.S. company Planet Labs'
PL.N 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.
(Reporting by Kantaro Komiya; Editing by Himani Sarkar)
((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))