2021 saw a continuation of industry-wide transition in the satellite communications market, with the COVID-19 pandemic accelerating or worsening key industry trends. Most of NSR’s guidance for the satcom market persisted through the year, and some are set to accelerate in 2022. These trends include uneven growth across various verticals, vertical integration and horizontal consolidation,.
Panel moderator Christopher Baugh, president of analyst firm, NSR, noted, “The big question we get all the time is that the industry doesn’t have a supply problem; it has a demand problem.” The investment community is struggling to agree on a revenue forecast for many of these new companies where valuations are sky high.
Richard Branson announced on Monday that his satellite launching venture, Virgin Orbit, will SPAC at a $3.2 billion valuation. The $9 billion launch services industry is predicted to grow to $17 billion in the next decade, according to Northern Sky Research, so expect to see more players entering the space…but also expect them to face.
The U.S. stock market is on its longest bull-run in history, which began in 2009. A decade later Virgin Galactic’s reverse merger with Social Capital Hedosophia raised $800M for the Space Tourism company, signalling the beginning of an extraordinary run in space investment. The significant increase in investment activity for space can partly be explained.
NSR’s Emerging Space Investment Analysis, 3rd Edition report (ESIA3) released today, shows $7.7 billion in funding was raised in 2020 alone, bringing the total since 2000 to nearly $36 B. “2020 was definitely a record year for space investment, with M&As, exits, and new rounds closing as we witnessed more enthusiasm and optimism in the prospect for.