What Happened
New Players Enter High-Value Market For Space-Based Solar Power
The space solar market is experiencing rapid growth due to increasing satellite demand and decreasing launch prices. Professional accounting firm PwC expects the space economy to reach $2 trillion by 2040, driving interest in solar panels for orbit that are lighter, cheaper, and more durable. Companies like York Space Systems and Solestial are investing in space solar, with York acquiring Solestial in a $67 million deal. The Space Foundation reported $28.7 billion in private investment in space enterprises in April 2026 alone. This growth was first reported by pv magazine.