Space artificial intelligence (AI) solution corporations TelePIX passed a technology evaluation for a technology special listing and will begin preparing for an initial public offering (IPO) with the goal of listing on KOSDAQ in the second half.
TelePIX said on the 26th that it "passed the technology evaluation to pursue a technology special listing," adding, "we plan to proceed with the listing process step by step." The technology evaluation is a system that comprehensively assesses the innovativeness, business feasibility, and growth potential of the technologies held by corporations, and it can be passed only by receiving at least an A grade and a BBB grade from two specialized evaluation agencies designated by the Korea Exchange (KRX).
The company emphasized that the passage is significant in that it met the criteria under an evaluation standard classified in the AI and big data field for the first time among domestic space corporations.
TelePIX has independently developed hardware and software solutions that can perform AI processing in space environments and also has actual on-orbit demonstration results. The nation's first graphics processing unit (GPU)-based onboard AI processor TetraPlex was launched in Aug. 2024 and has been operating in Earth orbit for 17 months, and the AI cubesat Blueborn has also been operating for more than a year.
It also built a solution system that automates and integrates the entire process with AI—from satellite AIT (assembly, integration and test) to mission planning, mission control, and Satellite Data Analytics and utilization—centered on the satellite-specialized agentic AI SatChat. TelePIX said it has secured efficiency and scalability even in a constellation satellite environment and emphasized that, based on its accumulated technology, it has a structure with potential for expansion into the defense industry.
Seongick Cho, CEO of TelePIX, said, "Passing this technology evaluation officially verifies that TelePIX's technology and business model can continue to grow even after listing," adding, "taking the listing as an opportunity, we will accelerate technology advancement and global business expansion to leap forward as a global AI-specialized solution corporations that spans beyond the satellite-based space industry into the defense industry."