GreenPro Incubated Company Angkasa-X Successfully Launched Malaysian Satellite To Lead ASEAN's Space Economy
Portfolio Pulse from Happy Mohamed
Greenpro Capital Corp. (NASDAQ:GRNQ) incubated company Angkasa-X successfully launched its PG1 satellite from Russia, aiming to provide LEO satellite-based Internet services in ASEAN. The global space industry is estimated to generate over $1 trillion in revenue by 2040, with significant opportunities in satellite broadband Internet access.
June 27, 2023 | 2:46 pm
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POSITIVE IMPACT
Greenpro Capital's incubated company Angkasa-X successfully launched its satellite, potentially increasing the company's market valuation and shareholder value. The company plans to raise additional capital at over $15 per share.
The successful launch of Angkasa-X's satellite marks a significant step into the SpaceTech ecosystem for Greenpro Capital. This achievement is expected to drive the company's market valuation and shareholder value, as well as support their plans to raise additional capital at over $15 per share. The growing space industry and demand for satellite broadband Internet access further support a positive short-term impact on GRNQ's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100