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SKY Perfect JSAT plans to invest approximately$230 million in a new satellite constellation. The project will utilise Pelican satellites from US-based Planet Labs and will be managed through the company's American subsidiary.
The investment marks JSAT's entry into the Earth observation satellite business, expanding its operations beyond broadcasting and communications. The new satellite network aims to enhance data collection and imaging capabilities from low-Earth orbit.
Following the announcement, JSAT shares surged by as much as 9%. The company remains the largest operator of broadcast and communication satellites in Japan and Asia.
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