The Asgard SPAC – Space and IOT
The Asgard SPAC focuses on space communication technology
The Asgard Acquisition Company, a SPAC currently preparing for public listing, intends to focus on acquisitions in the area of small satellites and cubesats for telecom services, earth observation, greenhouse gas monitoring, surveillance and for global IOT applications.
Morgan Stanley estimates that the roughly USD $350 Billion global space industry to surge to over USD $1 Trillion by 2040. The Asgard SPAC will be a part of this industry.
The telecommunications industry represents growth, innovation, and disruption for all sectors across the globe.
The COVID-19 pandemic has highlighted the importance of telecom to our lives, highlighted by the massive shift to working from home.
By the end of this decade, 5G could add trillions of dollars to the global economy according to a new report by the McKinsey Global Institute. By 2030, they forecast 5G deployments using millimetre wave spectrum will cover 25% of the global population, at an estimated cost of $700 billion to $900 billion.
The global IoT market size was at $330.6B in 2020. It is expected to reach $875B by 2025, at a CAGR of 27%.
The excellent management team of the Asgard SPAC will be looking at high-tech companies with a positive cash-flow to take the best of it public.
The Asgard SPAC presentation:
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