The story
Founded by Thaksin Shinawatra on Nov 7, 1991.1
The company's satellite project was named Thaicom by King Bhumibol.
Thailand-based Shinawatra Computer and Communications Co. Ltd. (later Intouch Holdings PLC) signed a US$100 million contract with Hughes Space and Communications Company Ltd. in 1991 to build Thailand's first communications satellite. Thaicom 1 was launched on 18 December 1993, carrying 12 C-band transponders and covering an area from Japan to Singapore.
The company became a listed company on the Stock Exchange of Thailand on 18 January 1994, and is officially traded under the symbol THCOM.
Since its establishment, the company has expanded its business activities to include Internet and telephone services, as well as direct to home (DTH) satellite TV services. As of 31 December 2011, Intouch, which is the company's major shareholder, holds 41.14% of the company's shares.
Thaicom operates four satellites. The company also operates satellite ground facilities, including its satellite control center in Mueang Nonthaburi District, Nonthaburi Province, Thailand, and a teleport and DTH center in Lat Lum Kaeo District, Pathum Thani Province, Thailand.
In September 2025, Deutsche Bank and Standard Chartered announced that they would grant a $184 million loan to STI for the development of the Thaicom 10.
In 17 September 2026, the company has changed the name to Gulf Space Technology Public Company Limited
From Wikipedia’s article on Gulf Space Technology, shared under CC BY-SA 4.0.4