Exploring the Capitalization of the Cosmos
In the realm of space exploration, a significant shift has taken place over the past few years. Firms have emerged as the most frequent launchers of satellites, propelling a new era of commercial space travel.
Since 2017, SpaceX has led the charge, launching over 8,295 Starlink satellites. These satellites primarily provide global broadband internet access, including remote and maritime coverage, through a network equipped with optical laser links. The Starlink constellation aims to counterbalance traditional satellite services and offer independent European options, as demonstrated by the European collaboration among Leonardo, Thales, and Airbus, who are planning a satellite network of their own.
SES, another prominent player, is modernizing its Medium Earth Orbit (MEO) broadband constellation. In cooperation with K2 Space, SES is developing agile modular satellite technology to provide flexible, software-defined network services.
With approximately 2,000 satellites currently orbiting the Earth, this surge in satellite launches has led to an increase in the number of manmade objects in Earth's orbit. At least 24,000 manmade objects are now circling the Earth, a result of rocket launches and satellite failures.
These satellites offer a variety of services, with observation satellites playing a crucial role. They provide services such as tracking agricultural production and aiding in mapmaking, contributing significantly to various industries and everyday life.
The commercialization of outer space is a topic of great interest, and The Wall Street Journal has published data visualizations to shed light on this growing trend. These visualizations offer a comprehensive overview of the changes taking place in the space industry, providing insights into the increasing number of satellites and the services they offer.
As the space industry continues to evolve, it's clear that firms are at the forefront of this revolution, launching hundreds of observation satellites and pushing the boundaries of what is possible in space exploration. The future of space travel looks bright, with endless possibilities on the horizon.
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