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The competition heats up: An industry of new cubesat builders can now build satellites for anyone for any reason for very little money.
The miniaturisation of technology allows people to do more with less hardware, said Chad Anderson, the managing director of Space Angels Network, an investment house specialising in the space industry. That industry, he said, was worth $300bn (£200bn) last year. Constellations of smaller satellites, like those suggested as tracking devices for planes over oceans, are now a possibility. “The launch costs are coming down and people leveraging today’s technology are able to do more with less and launch less mass to orbit. The price point has come down to where start-ups and entrepreneurs can really make an impact on the scene for the first time,” he said.
When the first tiny satellite launch companies arrive, expect this industry to blossom at an astonishing rate.