Houston, we have a problem!
are among a handful of U.S. companies expected to fill the vacuum, but industry officials have doubts about their capacity to quickly ramp-up.As the race between companies, including Elon Musk-owned SpaceX's Starlink and Amazon.com Inc's Project Kuiper, for building giant satellite constellations to beam broadband internet from space heats up, demand for launches is expected to skyrocket.
"Come 2024, 2025, when all these mega constellations need a launch, there is going to be a real problem," Rocket Lab CEO Peter Beck told Reuters, referring to the networks of communications satellites being built by SpaceX, AST SpacemobileRocket Lab is among a new breed of firms building miniaturized propulsion systems to cash in on an exponential rise in demand for putting compact satellites in the so-called low earth orbit.
Still, Russia maintained a 16% share of the global launch market over the past five years, according to historical databases.Its share was actually larger, given that Soyuz rockets were also launched under a since-suspended French-Russian joint venture named Starsem. If access to Russia's capabilities are lost due to Western sanctions on the country for its invasion of Ukraine, companies in Europe and the United States will have to quickly step in to meet demand.
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