Aerkomm is an early-stage defense technology and communications company specializing in satellite connectivity and systems integration, primarily in the Asia-Pacific region. The company’s core offering is a universal satellite communications terminal that enables connectivity across LEO, MEO, and GEO satellite networks using a single antenna. This carrier-neutral hardware utilizes proprietary glass semiconductor technology for its flat-panel antenna and features a software-defined modem to support multiple satellite networks. Aerkomm operates through three segments: defense, commercial aviation, and civilian telecommunications. In the defense market, Aerkomm provides terminals for unmanned aerial systems and intelligence platforms, while its aviation segment offers in-flight connectivity and onboard entertainment systems. The business model combines hardware sales and leasing with recurring revenue from reselling satellite bandwidth, acting as a value-added reseller for satellite operators like Eutelsat OneWeb. Aerkomm employs an asset-light strategy by outsourcing manufacturing and utilizing third-party satellite networks instead of owning its own orbital infrastructure. Currently in a pre-revenue stage, Aerkomm is pursuing a SPAC merger to transition to a public entity. The company’s strategy focuses on delivering multi-orbit interoperability and network resilience for government and commercial customers requiring flexible communications.