For SKY Perfect JSAT (9412.T), Asia’s leading satellite company, the rise of Elon Musk’s SpaceX under the second Donald Trump presidency is not seen as a challenge but rather as an opportunity, according to the company’s president, Eiichi Yonekura. The Japanese firm plans to deepen its relationship with SpaceX, especially after announcing a $230 million investment in Planet Labs’ low-Earth orbit satellite Pelican, aimed at expanding its satellite imagery business.
Yonekura emphasized that the rapid advancements of SpaceX have been instrumental to the growth of JSAT, citing the company’s reliance on SpaceX rockets to launch its satellites into space. He added that the relationship has been beneficial, as the company is “probably the biggest SpaceX customer in Asia” and is set to expand its satellite operations with the launch of Planet Labs’ Pelicans, which will use SpaceX’s Falcon 9 for their deployments.
Musk’s close ties with Trump are also believed to have had an influence on U.S. space policies, with a stronger emphasis on Mars exploration. Reports suggest that the Trump administration may eliminate the National Space Council, a move that could potentially benefit SpaceX due to Musk’s lobbying efforts.
JSAT, which operates 17 geosynchronous communication satellites—the largest fleet in Asia—plans to enter the low-orbit satellite business by constructing a constellation of 10 Planet Pelicans by 2027. The company aims to generate 23 billion yen ($151 million) in revenue from satellite data services by fiscal year 2030, primarily from national security clients.
SpaceX’s development of the reusable Falcon 9 booster has revolutionized the cost structure of satellite launches, helping to lower costs significantly. While JSAT currently depends heavily on SpaceX for launches, Yonekura noted that if access to SpaceX boosters were to be restricted, JSAT would consider working with long-time European partner Arianespace or Japan’s Mitsubishi Heavy Industries, whose H3 rocket is expected to become competitive within the next four to five years.
