Thailand preps space economy plan

Thailand’s government will launch its Space Economy Master Plan by the end of this year to keep pace with the sector that will be worth an expected $8.8 billion locally by 2032. The plan is part of Thailand’s efforts to build a more technologically advanced economy.

Thailand and its private sector have owned and operated communications satellites since the early 1990s. They have all been foreign built, but a few Thai companies have begun developing small homegrown prototype satellites with the intention of building more advanced ones in the future.

The government sees aerospace and aviation as a priority sector for Thailand’s…