Satellite boom attracts technology giants

bbc said that Sir Richard Branson’s rocket company Virgin Orbit has joined a growing list of private companies that can launch satellites into orbit.Earlier this month, 10 payloads were lofted on the Virgin Orbit rocket, which was launched from under the wing of one of the entrepreneur’s old 747 jumbos.Sir Richard is hoping to tap into what is a growing market for small, lower-cost satellites.

Space has traditionally had a high barrier to entry. Today, just seven firms make up 75% of the industry, according to Scott Campbell, director at Deloitte Ventures.

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