Starlink surpasses space transport in revenue as SpaceX hits $11.8bn: Novaspace
Starlink's growth signals a strategic shift as SpaceX evolves from a launch provider to a diversified operator reshaping the commercial space landscape.
- Latest
- Trending
Starlink's growth signals a strategic shift as SpaceX evolves from a launch provider to a diversified operator reshaping the commercial space landscape.
The satellite broadband market is expected to sustain an addressable user base of 650 to 750m through 2033.
Government investment remains a key factor in driving growth, with global military space budgets exceeding $64bn.
Defence spending has driven government space budgets to historic highs.
The smallsat market is expected to reach a value of $113.3bn driven by strategic investments and emerging technologies.
Global satellite capacity is expected to reach 240 Tbps by 2028 and generate service revenues of nearly $120bn by 2033.
The firm has predicted 5,401 Earth Observation satellites will be launched between 2024 and 2033.
Satellite constellations are redefining the global maritime communications market over the coming decade after shipping operators adopt hybrid approach.
According to Novaspace's findings, government expenditures on space defence and security have reached a historic high, surpassing $58bn.
Novaspace provides comprehensive, integrated service offerings to meet the evolving needs of the global space sector, offering strategic and technical perspectives for decision-makers in both private and public entities.
