🚀New Space: The Constant Reinvention

The discussion centred on the key drivers of development and innovation within the satellite industry. It was emphasised that customer needs are the primary motivators, highlighting a significant shift from prioritising throughput to enhancing resilience. Panellists pointed out the transition from simply reducing launch costs and satellite expenses to leveraging these technologies to create profitable business models.

The convergence of standards, technology, and economics was identified as a crucial factor enabling the satellite industry to scale to billions of devices. One participant illustrated this transformation with an engaging analogy, comparing the influx of new technologies to a children’s daycare centre suddenly receiving a new Lego boxes. This comparison captured the dynamic shift in the industry, underscoring the necessity for adaptation and the development of new strategies to effectively manage this evolving landscape.