The global space industry is booming like never before. According to the Satellite Industry Association (SIA), 2024 saw a record number of launches: 259 launches deployed 2,695 satellites into Earth orbit — pushing the total number of operational satellites to 11,539 by year’s end. Satellite Industry Association
This growth contributed to a global space economy valued at roughly US $415 billion in 2024, with the commercial satellite industry accounting for about 71% of that value. Satellite Industry Association
The drivers are familiar — increasing demand for broadband internet, Earth observation, remote sensing, direct-to-device communications, and myriad satellite services. But the scale and pace of deployment today are transforming “space” from a niche domain of a few governments to a vast, global, commercial ecosystem
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