The New Space Race Signals Price Crash for Satellite Data
- Capacity quadruples over 10 years, raising fears of glut
- New entrants threaten profit margins at industry’s Big Four
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Satellite operators are launching more high-powered communications rigs into space, with two more set to join about two-dozen already in orbit by the end of the year, crowding the skies and threatening the industry’s fat profit margins.
The new orbiters being launched at a cost of as much as $500 million each are forcing established operators to embark on costly upgrades of their fleets at a time when their business outlook has darkened.