LEO constellations about to roar

Bottom line:

LEO constellations are giving a new life to the space race. Current projects now benefit from lower launching costs and better technology compared to their predecessors, as well as from the central place internet has taken in people’s lives. Although business models have yet to be proven, and project failures have already taken place, the public response to initial service betas has been massively positive. This suggests strong market demand and announces a new era of global broadband connectivity.
LEO constellations have the potential to be a game-changer for many industries (e.g., the $1.75tn telecom industry), as well as pave the way for uses beyond broadband. We have been building exposure in our portfolios to this attractive segment of Space and are looking for expanding it across the value chain.

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