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.
It is fair to say 2020 has been widely chaotic, and that is no different for the space launch industry. The industry is facing a pandemic that affects the global aerospace workforce, a spiral of launch delays and supply chain issues, and a string of launch failures from established and new launch providers alike.
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.