Domestic small satellite payload specialist Leo Space announced on the 27th that it has attracted strategic investments from Contec and AP Satellite.

Leo Space signed a strategic investment and business cooperation agreement on the 9th with Contec, a satellite ground station operator, and AP Satellite, a satellite communications specialist. Through this investment, Contec and AP Satellite secured a portion of Leo Space’s shares. The specific investment amount and equity ratio were not disclosed.

Leo Space’s core strengths lie in high-resolution optical payloads for small satellites and laser communication terminal (LCT) technology for satellite-to-satellite and satellite-to-ground optical links. Contec will lead cooperation in operation, verification, and commercialization based on its global ground station network and satellite operations service experience. AP Satellite will leverage its technological capabilities in satellite communications to review next-generation satellite communication technologies and to identify joint business opportunities focused on the New Space application market.

The three companies will begin full-scale collaboration to build a New Space ecosystem encompassing satellite manufacturing, operations, and services.

A Leo Space official stated, “This investment reflects recognition not only of our technological competitiveness but also of our growth potential in the New Space market,” adding, “We will pursue technology demonstration and commercialization in parallel to achieve meaningful results in the global market.”

Founded in 2021, Leo Space is a space optics specialist headquartered in Daejeon that is conducting research and development to commercialize optical payloads for small satellites and laser optical communication technologies.

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