The Dive | Business News

Don't Look Up: Just how many satellites are in space right now?


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Last year, a record 180 rockets were successfully launched into orbit - many of them carrying satellites. 


This meant at the end of 2022, there were 8261 satellites orbiting the Earth. Interestingly though increasingly more satellites are being launched by private companies rather than governments.


In 2021, private-sector funding in space-related companies topped $10 billion dollars, an all-time high and a tenfold increase over the past decade. The percentage of global space R&D funding coming from the US government decreased from about 70% to 50% over the same period.


Today Darcy and Sascha discuss, why are private companies launching so many satellites into space and what are the possibilities? 


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The Dive | Business NewsBy Equity Mates Media

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