Astralintu wins the 2022 NewSpace Business Plan Competition
Paris, FR .— Astralintu Space Technologies won the 2022 NewSpace Business Plan Competition organized by the Center for Space Commerce and Finance at this year’s International Astronautical Congress (IAC) in Paris on September 20, 2022.
This year’s NewSpace Business Plan Competition selected 5 new space startups from around the world to pitch their business plans to recognized investors in the field. After the 6-min pitches from each company, the judges selected the business with the clearest and most viable proposition based on a timeline, return of investment, and market plan. This year’s NewSpace Business Plan Competition was judged by Dennis Jones, President at WSWA, Joerg Kriesel, CEO at JKIC, and Candace Johnson Co-Founder at SES/ASTRA.
Astralintu’s value proposition centered around the development of two equatorial ground stations strategically located in mainland Ecuador and the Galapagos islands. These stations seek to enable fast, effortless, and reliable satellite communications applied to space operations and the reception or transmission of critical data in commercial, scientific, and government space missions. The equatorial ground station could reach coverage in the latitude range 30ºN to 30ºS and longitude range 50ºE to 105ºE (depending on antenna systems used and the mission assigned).
The representatives of the 5 finalist competitors (from left to right): Are space Products and Innovation, Progresja Space, Celestial Space Technologies, Kall Morris Inc, and Astralintu Space Technologies.
The pitch presented in the competition highlighted the services’ roadmap in Astralintu’s business plan, with the mission to secure Ecuador’s participation in the global space sector by connecting it to the benefits of new space through space logistics and ground segment operations.
"We are committed to establishing accessible and quality ground station services in Ecuador, taking advantage of the closeness to latitude zero."
Astralintu’s equatorial ground stations will be 100% operational, ready to provide leased usage of antennas and infrastructure in 2023.