Space industry insights: Every enterprise company will launch their own satellite by 2026
Andrew Maximov, CEO and Co-Founder of Precious Payload, a software company that allows you to manage your space mission without leaving your office, shared a new video with a visionary outlook of the space industry growth in 5 years from now. He is drawing parallels between the early days of the IT industry and the current state of the space industry and concludes that every company will be able to have its own satellite by 2026.
We in Precious Payload foresee a reality in 5 years when it will become really affordable for an organization to start putting its own space infrastructure for the benefit of the business.
But today the space industry feels a lot like the early days of the Internet in the mid-’90s. Then many traditional businesses were looking at the Internet as a way to reach new markets and provide greater value to their clients. And there were a lot of challenges to create a website that would generate sales for you and give visibility to your products. As a small business owner, in order to get your website up & running, you had to figure out a lot of things yourself:
- Buy a dedicated server together with backup power and HDD reservation
- Get a special agreement with your local internet service provider to give you enough bandwidth and dedicated IP address often physically laying a new cable to your office
- Hire a contractor to do all the cabling, install switches and routers in your office to deliver «last mile» from ISP to your server
- Have an IT administrator who would maintain and service this infrastructure
- Then you install and configure your server software, as well as database and backups software
- Now, it is time to work on your website: you hire a designer, an HTML coder, backend coder, a copywriter
- As soon as your website is up and running, you manually send all of its pages to the popular search engines and online catalogs
Many agricultural businesses, mining companies, automotive conglomerates already see value from having satellites in orbit, providing imagery or connectivity, or both ILT and real-time communications. So, they may say, ‘ok, we have enough cash, let’s look into building our own constellation’. And once they go there, they realize there is no aha moment. It’s still rocket science, it’s still orbital dynamics. You cannot just connect all dots in the supply chain and go launch it. It’s still very complex and very expensive.
Trends in the space industry
But if you look at the base level space infrastructure, in the next, say, five years, what’s gonna happen is the cost of launching satellites of 1 kg of mass will go below $100 per kilogram. And you will take launch on Glenn from Blue Origin and Starship from SpaceX alone.
On the ground segment level, meaning access to your information and downloading the data, be it datacomms or imagery, Amazon is already putting this infrastructure for us. Today, you can log onto your Amazon website console and already see that product live. And in the future, it will be as easy as connecting your existing mid-ware application in Amazon infrastructure to your satellite by just clicking a button.
And, of course, with the hardware, this trend of mass production of satellites, not only of CubeSats but also of small satellites in the range of 200 to 250 kg per satellite bus, will grow.
Space industry in 5 years:
- 1 kg of mass go below $100 per kilogram
- Mass production of satellites heats up
- There’s a one-click connection to ground segment and other space applications
These three things provide enough options for space infrastructure to become really affordable for small and medium enterprises.
And I think this will be the aha moment for the global terrestrial industry – understanding how to leverage the space domain, once they can afford to put a satellite into orbit at their own expense, on their own PNL.
Check more interesting posts from Precious Payload if you want to know more about the space industry:
8 Lessons Learned From Running A Startup In The Space Industry
Three Eras Of Space Launch For Smallsats
How To Build a Business On Hosted Payloads And Space Expertise?
The Future of Secure Encryption: In-Orbit Quantum Key Distribution By SpeQtral
Modular Satellites And Ridesharing Beat Price Of Space Mission