Falling Short of Hype, Smallsat Markets Nonetheless Poised to Grow, NSR Says
The smallsat market hasn't "lived up to the hype" of supposedly enabling novel applications and making space vastly more accessible, Northern Sky Research analyst Carolyn Belle blogged Monday. The technology remains a work in progress due to delays in constellation…
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deployment, lack of a dedicated smallsat launch vehicle and insufficient investment return, Belle said. That wasn't unexpected, and there are signs the smallsat market is reaching a maturity that could point to sustainable growth, she said. She cited Planet's fully operational constellation -- though taking three years longer than planned -- Spire getting closer to having a fully operational constellation, and 11 other operators' tech endeavors in the past year.