In a day and age where every part of the enterprise and government services operations is moving to the era of digitalization, the appearance of software as a dominant driver of changes is making more sense every day. And with this dominance comes new business models that are making their way even into the space.
In a recent report, a San Francisco satellite company has plans to expand their firm. Spire Global has set an ambitious target where it plans to use its existing satellites to collect more data to attract more customers. [NSR] stated that Spire’s dream to serve more customers is great but difficult to maintain. The main.
In regards to the current trend of “SPACs for Space”, NSR was critical of the space companies’ valuations and revenue projections. “I think it will be extremely difficult to reach those revenues,” they said. “The road to market has taken them a long time to get where they are, and they have not really generated.
Such a high value is outsized compared to the company’s current annual revenue, which is about $36 million, said [NSR]. “Spire has broken down barriers in many instances, with respect to getting some customers signed up to their service,” [they] said. “But signing up additional customers, especially in new industries, could prove more challenging than.
NSR Anticipates Strong Growth in Smallsat Market Driven by Constellations, Despite Numerous Challenges Cambridge, MA – NSR’s Small Satellite Markets, 5th Edition (SSM5), released today, forecasts the market to yield $37 billion in cumulative revenues from smallsat manufacturing and launch services by 2027, with 6,500 smallsats set to launch during this time. Constellations will be the.