These historic budget cuts mark a turning point for US space ambitions, targeting Artemis programmes plagued by unsustainable cost overruns.
Novaspace
Starlink’s growth signals a strategic shift as SpaceX evolves from a launch provider to a diversified operator reshaping the commercial space landscape.
The satellite broadband market is expected to sustain an addressable user base of 650 to 750m through 2033.
Government investment remains a key factor in driving growth, with global military space budgets exceeding $64bn.
Defence spending has driven government space budgets to historic highs.
The smallsat market is expected to reach a value of $113.3bn driven by strategic investments and emerging technologies.
In 2024, investments over $1.7bn, and the availability of 20+ satellite-compatible smartphones accelerated the sector's growth.
