We recently published the Seraphim Space Index for Q2 2024, which monitors global investment into space businesses. The report highlights significant trends and key players shaping the industry. Among the standout findings was the significant progress made even since last quarter in satellite direct-to-cell connectivity.

Direct-to-cell satellite technology is poised to revolutionize global connectivity, breaking free from the limitations of traditional terrestrial networks, which currently only cover about 10% of the Earth's surface.

Starlink has deployed over 100 direct-to-cell satellites as of the close of Q2 2024, with plans for hundreds more by year's end. This expansion enables the business to start entering commercial service by 2025.

During the quarter, publicly listed business AST SpaceMobile signed a $100 million deal with Verizon. The excitement resulting from greater industry buy-in to AST's direct-to-cell constellation boosted the company's stock price by 440% in Q2 2024.

In parallel to all the above, Apple announced the expansion of satellite messaging capabilities for iOS 18, moving from emergency messaging into texting and more. This places direct-to-cell capabilities directly into the hands of Apple users, significantly enhancing their communication options.

As these advancements unfold, direct-to-cell technology is set to become a cornerstone of global communications. By enabling mobile phone connectivity anywhere on Earth, this technology could bridge the digital divide, provide critical services in disaster-stricken areas, and support a wide range of applications from personal messaging to emergency response and beyond.

See more in the Seraphim Space Index for Q2 2024 linked below.