The new space race’s leaders will start emerging over the next 12 to 18 months. Investors in space have wagered that cheaper rocket launches, better small satellite hardware, upgraded antenna equipment and other advances will transform the industry and bring satellite broadband, Earth imaging and other services to a new slate of businesses and consumers. The buzz has lured an estimated $10 to $15 billion of venture capital into space companies over roughly the last 10 years.
Nearly 5,000 small satellites are planned for launch over the next decade, according to North Sky Research, a space market research firm. That’s far more launched per year than past years. The optimism underscores the promise of cheaper, more reliable access to space.
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