For the past decade, we’ve been witnessing a revolution in the space industry. Significant technological advancements, such as the rapid adoption of cubesat technology, reusable rockets and the rapid evolution of microprocessors have lowered the barrier to entry, making the market more accessible to newer, smaller players.
Legacy companies still hold a majority share of the market, but it’s worth noting that these giants still face significant (and expensive) challenges that allow others to catch up. Satellite positioning difficulties, plus the astronomical costs of manufacturing and launch, have made it a perpetual struggle for profits. This is further compounded by the uncertainty of a successful launch.
Recent Comments