AXIOS: 1 big thing: There’s big data in space but so far not big money
- The market for Earth observation and analysis could grow to $7 billion by 2028 from about $3 billion currently.
Yes, but: Satellite companies by and large are interested in catering to big government contracts and other large corporations with deep pockets over making their data accessible to the masses, at least for now.
- “It’s one of the reasons why these players are still focused on the bigger fish, because they know that it’s a several hundred million dollar program, they have to recoup that cost in a five to 10 year timeframe,” [NSR] told Axios.