Mu Space founder to launch $100m Venture Fund for other New Space startups
Mu Space Corp founder James Yenbamroong will establish a global venture fund for commercial space companies in 2019. Yenbamroong’s satellite company mu Space will seed the fund with an initial $100 million. Mu Space develops satellite communication technologies aimed at the IoT and smart city markets. It plans to launch its own satellite in 2020 aboard Blue Origin’s New Glenn. In July 2018, mu Space launched its first payload into