Lacuna Space signed a contract with NanoAvionics to conduct an in-orbit demonstration of an Internet of Things (IoT) network. The end goals is to deploy a 32 IoT low earth (500 km) satellite system covering the whole world.
Lacuna is not the only company trying to cover the satellite IoT space by using nanosatellites since there are players like Blink Astro, Fleet Space, Helios Wire, Hiber Global, Myriota, Sky and Space Global. Nanosatellites are cheaper to build and launch than traditional satellites, it is easier for startups to try with them. However, “cheaper” still doesn’t mean “IoT cheaper” and LoRaWAN IoT systems should be very cheap, so it’s still to be seen will these companies succeed or fail.