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Thaicom Q2 revenue and satellite fill rate up from Q1; waiting for launch of Astranis-built Thaicom 9

Thaicom Q2 revenue and satellite fill rate up from Q1; waiting for launch of Astranis-built Thaicom 9
https://www.spaceintelreport.com/thaicom-q2-revenue-and-satellite-fill-rate-up-from-q1-waiting-for-launch-of-astranis-built-thaicom-9/
By: 
August 22, 2025

Thaicom has two satellites on order for the company’s 119.5 degrees east orbital slot. Above is the Astranis-built Thaicom 9, to launch in 2025. Credit: Astranis

TUPPER LAKE, NY — Telecommunications satellite fleet operator Thaicom of Thailand, which is moving aggressively into providing geospatial analytics to diversify from selling bandwidth, reported a 7% increase in satellite sales and service revenue for the three months ending June 30, to 535 million Thai baht ($16.4 million).

The increase, Thaicom said in an Aug. 5 disclosure to the Stock Exchange of Thailand (SET), was mainly due to a growth in professional services on the Thaicom 4 and Thaicom 6 satellites.

The increase was also due to a return in revenue from the Universal Service Obligation (USO) program of Thailand’s National Broadcasting and Telecommunications Commission.

It was the expiry of the USO’s Phase 2 that had reduced revenue in recent months, and even the 7% increase from Q1 was still down 16% from the same period a year ago, before the program’s expiration.

Credit: Thaicom Aug. 5 submission to the Stock Exchange of Thailand (SET)

For the six months ending June 30, Thaicom reported 1.02 billion baht in satellite and related services revenue, down 18% from a year ago.

Thaicom’s diversification into geospatial imagery and analytics includes a drone project for Thailand’s Geo-Informatics and Space Technology Development Agency, GISTDA for agricultural development.

Revenue from the GISTDA work and from Thaicom’s CarbonWatch partnerships “represent the company’s success in expanding its revenue base and executing its strategic partnership,” Thaicom said in its SET filing.

Thaicom will use its CarbonWatch analytics platform as part of an agreement with Global Green Chemicals Co. Ltd to monitor palm plantations and assess carbon sequestration.

Thaicom 7, 8 fill rate reaches 60%

At June 30, the fill rate on the Thaicom 7 and Thaicom 8 satellites had reached 60%, up from 56.8% as of March 31. The company said the increased traffic was mainly from international customers.

Thaicom has two geostationary-orbit telecom satellites under construction. The Thaicom 9 is a small-GEO product from Astranis, which is scheduled for launch this year on a SpaceX Falcon 9 along with several other Astranis-built satellites.

The Thaicom 10, a 120-Gbps capacity high-throughput satellite on which fleet operator Eutelsat has leased half the capacity, is one of the first-generation Airbus Defence and Space OneSat software-defined satellites that have encountered delays.

Thaicom’s Indian subsidiary, IPStar India Private Ltd., in late 2024 obtained a license from India’s IN-SPACe, part of India’s Department of Space, to provide serves from the existing Thaicom 8 satellite at 78.5 degrees east and the aging Ku-band broadband Thaicom-4 at 119.5 degrees east as well as from the future Thaicom 9, to be placed at 119.5 east.