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Live Trading News > Blog > Politics > America > Star Wars $AMZN Vs $TSLA
America

Star Wars $AMZN Vs $TSLA

Shayne Heffernan Ph.D.
Last updated: October 7, 2023 12:12 am
Shayne Heffernan Ph.D.
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Amazon is set to launch two satellites on Friday, in its first test mission as part of its plan to deliver the internet from space and compete with Elon Musk’s Starlink service.

The launch window for the Atlas V rocket from the United Launch Alliance (ULA) hub at Kennedy Space Center in Florida is scheduled to open for two hours at 2:00 pm local time (1800 GMT).

Once up and running, the company founded by Jeff Bezos says its Project Kuiper will provide “fast, affordable broadband to unserved and underserved communities around the world,” with a constellation of more than 3,200 satellites in low Earth orbit (LEO).

“This is Amazon’s first time putting satellites into space, and we’re going to learn an incredible amount regardless of how the mission unfolds,” said Rajeev Badyal, Project Kuiper’s vice president of technology.

The first operational satellites of the Kuiper project are due to be launched in early 2024, according to Amazon, which hopes for initial tests with customers at the end of next year.

The test on Friday will attempt to make contact with probes from Earth, deploy their solar panels, and confirm that all instruments are operating correctly and at the desired temperatures.

The two prototypes will be removed from orbit and disintegrated in the Earth’s atmosphere at the end of the test mission.

Musk’s SpaceX launched the first batch of its more than 3,700 operational Starlink satellites in 2019 and is by far the biggest player. London-headquartered OneWeb is another early entrant in the emerging sector.

These services are designed to provide internet access to even the most remote and underserved areas around the world, including war zones or disaster-struck areas.

Musk’s ownership of Starlink caused uproar in Ukraine last month when it was revealed that he refused to turn on the service for a planned attack by Kyiv forces on Russia’s Black Sea navy fleet last year.

Given the technology’s strategic importance, governments are also keen to join the rush into the sector.

China plans to launch 13,000 satellites as part of its GuoWang constellation, while Canada’s Telesat will add 300 and German start-up Rivada is eyeing 600.

That will be in addition to the European Union’s Iris project — 170 satellites — and the 300-500 satellites planned to be launched by the US military’s Space Development Agency.

Star Wars

The global satellite market is valued at USD 77.08 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030 to reach USD 159.60 billion by 2030.

The growth of the satellite market is being driven by a number of factors, including:

  • Increasing demand for satellite communication services for government and enterprise applications.
  • Growing demand for satellite-based broadband services.
  • Rising demand for satellite-based Earth observation services.
  • Increasing investments in new satellite technologies, such as high-throughput satellites and low-Earth orbit (LEO) satellite constellations.

The satellite market is segmented by application, type, and region. The application segment includes government, enterprise, and consumer. The type segment includes communication satellites, Earth observation satellites, and navigation satellites. The region segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is the largest market for satellites, followed by Europe and Asia Pacific. The North American market is expected to remain the largest market throughout the forecast period. The Asia Pacific market is expected to grow at the fastest CAGR during the forecast period, due to increasing investments in satellite technologies and growing demand for satellite-based services.

The key players in the satellite market include Boeing, Airbus, Lockheed Martin, Thales Alenia Space, and Northrop Grumman. These companies are involved in the development, manufacturing, and launch of satellites.

Overall, the global satellite market is expected to grow significantly in the coming years, driven by increasing demand for satellite-based services and investments in new satellite technologies.

Shayne Heffernan

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By Shayne Heffernan Ph.D.
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Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
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