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Shares of the business dropped 33%– its steepest one-day loss ever before– to shut Monday at 54 cents

Hon Hai Precision Industry Co (鴻海精密) is exploring new business opportunities in technologies related to low Earth orbit (LEO) and smart car connectivity, the company said yesterday. Hon Hai chairman Young Liu (劉揚偉) last week said that an LEO satellite from Hon Hai might be seen in the sky next year, as the company aims to create more value and higher returns for its shareholders, while the firm told yesterday’s forum that Microelectronics Technology Inc (台揚科技), a 5G equipment and satellite component supplier that it fully owns via its subsidiaries, has tapped into the L...

LOOK UP: The firm should tap into space travel and colonies, as such businesses are expected to drive growth in tech over the next 20 to 30 years, an expert saidBy Lisa Wang / Staff reporter

/PRNewswire/ -- Radian Aerospace (Radian), the developers of the world's first fully reusable horizontal takeoff and landing, single stage to orbit (SSTO)...

A record number of satellites were launched into orbit in 2020, according to the Satellite Industry Association’s (SIA) State of the Satellite Industry Report. By the end of 2020, there were 3,371 satellites orbiting Earth, an increase of 37% from 2019. The commercial satellite industry dominates the $371 billion global space economy, making up $271 billion, or nearly 73% of its revenue.  “Increased demand for satellite broadband, remote sensing imagery and other services balanced declines in demand for services affected by the pandemic. Thanks to leaps in domestic innovation, costs to ...