TOKYO -- Governments in Asia and beyond are stepping in to fund space and defense startups, as private investors show signs of cooling on the sector amid unsatisfying returns and uncertain profit prospects.
Geespace, owned by Chinese automaker Geely, is seen as China's answer to Starlink. The company has partnered with a mobile phone maker and an automaker for direct-to-satellite connectivity as it seeks non-government sources of revenue. © Zhejiang Geely Holding Group
Tech Asia
In Japan and beyond, space startups are relying more on government cash
Private money takes a step back as profits and exit opportunities underwhelm
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