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Fleet signs up 1mn IoT devices in a day, so is world hungry for nanosatellites?

Fleet Space Technologies apparently signed up a million devices within 24 hours of launching its Project Galaxy registration, with another 2mn devices on the waiting list. Drawn in by the promise of annual fees from $2 per year, the company is offering a very cheap way to provide backhaul for terrestrial LoRa networks – so is the time of the IoT nanosatellite here? CEO Flavia Nardini said that several Fortune 500 companies were interested, with agriculture, energy, mining, and construction accounting for most of the interest. About 40% of interest came from the USA, with the rest split fairly evenly between regions. The common thread between these sectors is that they often operate in areas that struggle to have network…

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