• Satellite industry faces bottlenecks in launch, spectrum, ground segment, and components.
• Launch squeeze expected to worsen, with Firefly sold out 24 months in advance.
• Spectrum allocation and ground infrastructure are also constrained.
• Component supply chain queues are lengthy, with waits of 18+ months for some parts.

The satellite industry's bottlenecks may indicate a shift in the sector's growth trajectory, as companies struggle to secure launch slots, spectrum, and ground infrastructure. This could suggest a need for increased investment in these areas, which may benefit companies that can provide solutions to these constraints, and may also lead to changes in the industry's competitive landscape.