What Happened
Private Capital Enters Rapidly Commercialising Market
The satellite industry is rapidly commercialising, with falling costs, growing demand for connectivity, and increasing alignment with government priorities driving growth. Recent examples, such as SpaceX’s IPO and AST SpaceMobile’s joint venture with Vodafone, demonstrate the sector’s potential. As an infrastructure asset class, satellites are maturing, and private capital is likely to play an increasingly important role, according to Freshfields.