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Ten years ago, our industry began to rethink the utility of the platform that had kicked off the space age, positing that smallsats offered untold commercial and scientific potential. While ideas of how to leverage smallsats emerged in volume, success stories have been few and far between.
The exponential growth of the global market for small satellites with a launch mass below 500 kilograms over the last decade is due in part to a small initial market size. The smallsat market experienced a 23% compound annual growth rate (CAGR) from 2009 to 2018.
On July 9, at a U.S. Chamber of Commerce small satellite roundtable, FCC Chairman Ajit Pai surprised the audience by making an announcement — a draft order to make it easier and cheaper to license small satellites.
If you were to write an article about the “lunar economy” a few years ago, most people would have thought you were watching too many science fiction movies — or, were just a little crazy. But with the industry’s acceleration over the past several years, it seems as the development of a lunar economy will happen within our lifetimes.
HawkEye 360, a company building a constellation of radio-frequency data satellites, raised $70 million in Series B financing, the Herndon, Virginia, company announced Aug. 6 at the Small Satellite Conference here.