Elon Musk's SpaceX Faces New Rival? Airbus' AALTO Reportedly Unveils High-Altitude Drones In Kenya
Portfolio Pulse from Nabaparna Bhattacharya
Airbus SE's subsidiary AALTO HAPS Ltd. is developing high-altitude, solar-powered drones in Kenya to provide communication services and earth observation. The Zephyr aircraft can stay airborne for days and will operate from global bases, starting with Kenya. These drones offer detailed remote observation and connectivity, especially in remote areas. AALTO plans to start operations next year and serve customers from Q3, potentially creating up to 1,000 jobs. The drones operate at a lower altitude than SpaceX's satellite networks.
December 01, 2023 | 5:49 pm
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Airbus SE's subsidiary AALTO is advancing in solar-powered drone technology for communications, with plans to start operations in Kenya next year, which could create up to 1,000 jobs and provide remote area connectivity.
The news about AALTO's advancements in drone technology and the potential job creation in Kenya is positive for Airbus SE, indicating potential growth in a new market segment. This could lead to increased investor interest and a positive short-term impact on EADSY's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100