The number of new satellite constellation companies has dropped sharply, with only seven founded in 2024 compared to 50 in 2015. The decline reflects a maturing space market, where established players dominate, making it harder for newcomers to compete. While the space economy continues to grow, transitioning from prototypes to full-scale deployment remains a challenge due to funding and execution difficulties. Experts point to emerging technologies and reusable rockets as potential drivers of future growth and innovation. The trend signals a shift toward consolidation and specialization in the commercial space industry.
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