Hong Kong’s Uspace Technology, two years after opening high-volume satelite plant, has little business to show for it
LA PLATA, Maryland — Hong Kong- and Dubai-based Uspace Technology Group Ltd., which in March celebrated the production of the first 100 satellites from its new 200,000-square-foot production facility in Hong Kong, has generated almost no revenue from the business. The company reported substantial losses in 2024 as its Electronics Manufacturing Services (EMS) division, which…