
The Space Industry in 2024, and How to Build a Satellite Company
ACQ2 by Acquired
Space Industry Overview
The space industry is projected to reach a trillion-dollar market by the 2030s. Satellites are primarily used in two main orbits: geostationary orbit, where satellites hover over a fixed point above Earth, and low-Earth orbit, which is much closer to Earth's surface. These two realms have different values and are used for various purposes such as communication and observation.
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