Angkasa-X

What Angkasa-X does

Angkasa-X is a Malaysia-based space technology company founded in 2021 that is building a Low Earth Orbit (LEO) satellite constellation — branded A-SEANLINK — to provide affordable satellite internet connectivity and Earth observation data services to rural and underserved communities across ASEAN and neighboring regions. The company operates through Angkasa X Innovation Sdn Bhd, the wholly-owned operating subsidiary under the BVI-incorporated parent ANGKASA-X HOLDINGS CORP. Its core technology platform comprises a planned constellation of approximately 500 LEO satellites designed and assembled in Malaysia, of which the first — A-SEANSAT-PG1 (Penang1) — was launched on June 27, 2023 from the Vostochny Cosmodrome in Russia at a development cost of approximately US$5 million, providing Earth Observation (EO) and Automatic Identification System (AIS) capabilities. The company has secured 500 LEO orbital slot assets (February 2024), ITU-R membership, and Malaysian NFP and NSP operating licenses to underpin its planned constellation deployment.

The company's business model centers on Satellite-as-a-Service (SaaS), a recurring subscription model under which it intends to sell connectivity capacity to telecommunications operators, internet service providers, government agencies, and enterprises needing coverage in rural areas where terrestrial fiber is uneconomic. A secondary revenue stream is satellite data monetisation — selling EO and AIS data to government, academic, and enterprise customers for remote sensing, maritime tracking, and disaster management applications. The go-to-market combines direct enterprise sales to telecom operators and government agencies with channel partnerships (e.g., Silkwave, HallBru Tech Brunei, Cangyu Space Technology, ADA Space, Forward Edge-AI) and government collaborations (Penang State Government, Digital Penang). Pricing is quote-based under multi-year contracts; minimum equity crowdfunding tickets start at RM3,000 via pitchIN. The company is pre-revenue, has filed an F-1 with the US SEC (November 2022) for a potential US listing, and is led by founder Dr. Sean Seah (Executive Chairman) alongside CEO Dr. Kok Wah Seah, CIO Dr. Kin Wan Lim, and Executive Director Dr. William Lim, with 11–50 employees.

Name

Angkasa-X

Legal name

ANGKASA-X HOLDINGS CORP.

Website

https://angkasax-innovation.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Angkasa-X is a Malaysia-based LEO satellite company building the 500-satellite A-SEANLINK constellation to deliver Satellite-as-a-Service connectivity and Earth observation data to rural and underserved areas across ASEAN and adjacent regions.

Ownership category

akta.pro rank

Product category

Satellite Connectivity Services

NAICS

Satellite Telecommunications (517410), Satellite Telecommunications (5174), Satellite Telecommunications (51741)

SIC

Communications Services, Nec (4899), Guided Missiles & Space Vehicles & Parts (3760)

akta.pro primary industry

Satellite Broadband Internet Access (Consumer/SMB) (HDAIAJAA)

Keywords

• LEO satellite connectivity
• Satellite internet services
• Satellite-as-a-service
• Satellite data analytics
• Space technology solutions

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Infrastructure, Personnel, Supply Chain, Marketing or Sales, Operations

Revenue model

1. Satellite-as-a-Service (SaaS): Recurring revenue from providing satellite internet connectivity services to telecom operators, enterprises, and government agencies in underserved regions. The service offers alternative connectivity solutions where terrestrial fiber networks are limited or unavailable.
2. Satellite Data Services: Revenue from providing satellite data (EO and AIS) to government agencies, universities, and companies for R&D satellite applications and research purposes. The company offered free data access for 1 year following the PG1 launch.
3. Equity Crowdfunding (ECF): The company raised capital through equity crowdfunding via pitchIN platform, offering shares to retail investors with a minimum investment of RM3,000.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Angkasa-X designs, builds, and operates a Low Earth Orbit (LEO) satellite constellation called A-SEANLINK to provide affordable satellite-based internet connectivity and Earth Observation/AIS data to rural and underserved areas across ASEAN and neighboring regions. Its flagship offering is Satellite-as-a-Service (SaaS), which provisions internet access via its LEO satellites to telecom operators, government agencies, and enterprises, with the first satellite, A-SEANSAT-PG1, launched on June 27, 2023.

Product overview

Angkasa-X is a technological-social inclusion company focused on establishing the ASEAN Space Economy through its A-SEANLINK Satellite Constellation. The core offering consists of a LEO satellite constellation that provides Satellite-as-a-Service (SaaS) connectivity to rural areas across ASEAN. The first satellite, A-SEANSAT-PG1 (PG1), was launched in June 2023, marking the beginning of the constellation deployment. The company offers satellite data for remote sensing applications including Earth Observation (EO) and Automatic Identification System (AIS) tracking.

Differentiator

Problem solved

Functional benefit

Products and services

• A-SEANLINK Satellite Constellation A constellation of Low Earth Orbit (LEO) satellites designed and assembled in Malaysia to provide satellite internet connectivity to rural and underserved areas across the ASEAN region and neighboring regions, targeting the digital divide.
• A-SEANSAT-PG1 (PG1 / Penang1) Satellite The first satellite in the A-SEANLINK constellation, designed and assembled in Malaysia. Also known as Penang1 (PG1), it provides Earth Observation (EO) and Automatic Identification System (AIS) data capabilities for connectivity and remote-sensing applications, including maritime tracking and disaster management.
• Satellite-as-a-Service (SaaS) Provision of internet access connectivity delivered via the A-SEANLINK LEO satellite constellation, sold to telecommunications operators, government agencies, and enterprises seeking affordable broadband in rural and underserved markets under multi-year contracts.

Quantifiable outcome

• Targeting coverage of 50% of remotely populated areas
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered minor, major and core.

• Global Engine GroupminorStrategic or Co-development Partner · 7 May 2026Strategic MOU to develop Space-to-AI digital infrastructure platform integrating satellite services, global data infrastructure, and blockchain technology. Collaboration aims to build 'Equatorial Space Network' connecting 80+ countries and 3.8 billion people.
• Forward Edge-AImajorStrategic or Co-development Partner · 17 February 2026Strategic collaboration to advance LEO connectivity and space infrastructure across Indo-Pacific and ASEAN region. Forward Edge-AI provides turnkey satellite design, manufacture, post-quantum cybersecurity, and launch services. Teaming Agreement for SHIELD contract vehicle responses.
• Cangyu Space TechnologymajorStrategic or Co-development Partner · 2 July 2024Chinese commercial aerospace company planning to invest approximately US$100 million (RM470 million) for shared satellite constellation and real-time remote sensing data platform in Malaysia for ASEAN.
• ADA Space (ADA Space Technology)majorStrategic or Co-development Partner · 2 July 2024Partnership to launch shared satellite constellation and real-time remote sensing data trading platform, enhancing ASEAN's space industry.
• Sirius T&EminorStrategic or Co-development Partner · 23 May 2023MOU signing at LIMA23 to explore collaboration in rocket launchers and satellite construction in Malaysia for space industry players.
• SputnixminorStrategic or Co-development Partner · 14 September 2021WCIT 2022 collaboration for aerospace industry development with USM and Angkasa-X.
• Silkwave Holdings LimitedmajorStrategic or Co-development Partner · 11 August 2021MOU signed to develop world's first GEO-LEO integrated satellite network and services platform. Partnership with support from Bank of Asia to develop Penang as ASEAN's regional space technology ecosystem hub.
• HallBru Tech BruneiminorStrategic or Co-development Partner · 7 July 2021MOU signed to develop satellite connected Borneo Island. Supported and facilitated by Brunei Darussalam BIMP-EAGA for connectivity solutions in the Borneo region.
• Universiti Sains Malaysia (USM)coreStrategic or Co-development Partner · 20 April 2021Three-party MOU signed with Penang State Government and Digital Penang to establish ASEAN Space Economy. Separate MoA for Space Technology and Satellite Engineering Talent Development Programme. USM offers professional courses in satellite engineering and provides labs for satellite development and testing.
• Digital PenangcoreStrategic or Co-development Partner · 20 April 2021State government agency partnering with Angkasa-X and USM to promote space industry development in Penang. Marketing partner for satellite engineering courses to potential students from the manufacturing sector.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Starlink (SpaceX): The dominant consumer and SMB LEO satellite broadband provider with thousands of satellites already in orbit. Directly comparable to Angkasa-X's A-SEANLINK Satellite-as-a-Service offering, with overlapping target markets in underserved/rural connectivity and the same LEO architecture (500-2000km altitude).
• Iridium Communications: Iridium operates the only commercial LEO constellation providing truly global coverage today, serving maritime, aviation, government, and IoT/remote connectivity customers. Comparable to Angkasa-X in LEO deployment model, NTN-style services, and maritime/AIS-adjacent offerings.
• Eutelsat OneWeb: OneWeb (now part of Eutelsat Group) operates a LEO broadband constellation aimed at enterprise, government, and telco backhaul customers — directly comparable to Angkasa-X's telco partner-channel GTM and rural/underserved connectivity focus. Competes for the same telecom-operator partnerships and capacity contracts.
• Globalstar: Globalstar operates a LEO satellite constellation focused on satellite messaging, IoT, and consumer/enterprise connectivity. Overlaps with Angkasa-X's data and connectivity services for enterprise/government and represents another established LEO operator benchmark for unit economics and customer concentration risk.
• Amazon Project Kuiper: Amazon's planned LEO broadband constellation targeting global broadband coverage including enterprise and underserved markets. Same LEO architecture, same connectivity value proposition, and a similarly large capex envelope — represents direct competitive pressure in any region Angkasa-X targets.

Broad incumbents

• SES: Global satellite operator combining GEO and O3b MEO constellations with enterprise, telco, government, and maritime connectivity offerings. Overlaps with Angkasa-X's NTN/enterprise connectivity thesis but at much larger scale and across a broader portfolio including GEO capacity leasing.
• Inmarsat (Viasat): Inmarsat provides satellite communications for maritime, aviation, government, and enterprise across multiple orbits under Viasat. Comparable to Angkasa-X in B2G and maritime/AIS-adjacent services, and a competitor for the same telco and government contracts Angkasa-X is targeting in ASEAN.

Regional players

• Pasifik Satelit Nusantara (PSN): Indonesian satellite operator providing connectivity across Indonesia and ASEAN, with recent moves into LEO partnerships. Most directly comparable to Angkasa-X on ASEAN regional focus, social-inclusion/rural-connectivity narrative, and B2G/B2Telco distribution.
• Thaicom: Thailand-based regional satellite operator serving broadcast and connectivity across Southeast Asia. Comparable to Angkasa-X on ASEAN geographic scope, telco-distribution model, and government-backed satellite-service positioning.
• MEASAT: Malaysia's incumbent satellite operator providing GEO capacity across ASEAN for broadcast, telco, and enterprise customers. Most directly comparable on regional/geographic basis (same Malaysian HQ, same ASEAN telco customers) though using GEO rather than LEO — a benchmark for ASEAN regional GTM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubefacebook.com/pitchIN.my/videos/289341822602735
• Facebookfacebook.com/AngkasaX.Group

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Angkasa-X