Ideaship LLC
06/17/2026 | Press release | Distributed by Public on 06/17/2026 10:38
Ideaship, a venture capital firm by Global Technology Transfer Group, has invested in AscendArc
Ideaship Has Invested in AscendArc
Ideaship, a venture capital firm by Global Technology Transfer Group, has invested in AscendArc to accelerate the development of next-generation high-throughput geostationary satellites designed to deliver affordable, scalable, and globally accessible communication solutions.
"When we met with Chris, we realized he was in the middle of a classic capital and patent inflection. We visited the manufacturing facility, spoke with key institutional backers, and grew to appreciate what Chris has accomplished in such a short amount of time. AscendArc is building a communications payload solution that has the potential to dramatically change the economics of satellite communications by offering an alternative that previously did not exist," said Michael Lubitz, Senior Managing Director and Founder of Ideaship and Global Technology Transfer Group.
Founded by Christopher McLain, AscendArc is addressing the growing demand for reliable, lower-cost connectivity solutions for non-urban regions and nations seeking sovereign control over satellite communications infrastructure. The company's modular payload architecture is designed for faster deployment, lower production costs, and higher data transmission capacity compared to traditional GEO satellite systems.
Chris brings decades of aerospace and satellite communications experience to AscendArc, with leadership roles at Boeing, Panasonic Avionics, and SpaceX. His background in high-throughput satellite payloads, in-flight connectivity systems, and Starlink enterprise engineering has shaped AscendArc's mission to redefine the future of global communications infrastructure.
To learn more about AscendArc visit:
Contact us about this news
Ideaship
Sammy Lubitz, Strategy Manager
Email: [email protected]
Chris McLain founded AscendArc to make satellite communications cheaper than fiber. As AscendArc's CEO, he has built a world class team, while prototyping key payload technologies for the next generation of GEO satellites. Prior to AscendArc, Chris was a Principal RF Engineer at SpaceX and held technical leadership roles at Panasonic Avionics, Lockheed Martin, Boeing and LinQuest designing traditional GEO satellites to serve mobile applications.
Christopher McLain, AscendArc
Ideaship LLC published this content on June 17, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 17, 2026 at 16:38 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]