As a result, we are now in an era where it is possible to put up thousands, and soon tens of thousands of satellites. This will have major implications for the communications industry. At present only half of the world can connect to the internet, with many people in emerging economies still left out or subject to very slow speeds. However, if this can be rectified it will drive improvements in health, and education and boost entrepreneurship.
Read this week’s Money Week magazine to hear more from our CEO Mark Boggett about the potential of the Space Sector.
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The cost of satellites is also falling fast. They used to be the size of a bus, but now private companies can now build “smaller, lighter and cheaper ones that still have all the functionality of larger counterparts.
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