Adaspace Put AI on Satellites. Now It Wants to Sell Computing Time.

Chinese transport technology company Jiazhihuihang and satellite builder Adaspace successfully tested running a traffic analysis model in orbit, pointing toward a business model of selling computing time in space. Ahead of its Hong Kong IPO, Adaspace plans to use its proceeds to scale up manufacturing, research and development, and its Star-Compute plan to link satellites for shared computing capacity. The company has shifted its revenue balance toward spacecraft delivery and services, backed by substantial unfilled orders for AI satellites. Open article →