What are the biggest challenges facing the satellite industry in 2023? What opportunities do they present for the space economy? Head of Space and Spectrum Policy Ivan Suarez spoke to Via Satellite Magazine last week about funding challenges, growing areas of investment, and shifting market dynamics.
The current global economic climate may prove challenging for the satellite ecosystem, as rising interest rates and fear of a recession may dampen some startup activity as investors are more risk averse, says Ivan Suarez, director of Space & Spectrum Policy for Access Partnership. Suarez recently spoke with Via Satellite about a number of key issues facing the industry.
“Lesser funding could also translate to less satellite launches, although it seems unlikely given how busy the launch market is. I am more optimistic though. In 2023 a challenging economic situation could be an opportunity – a point wherein market consolidation may be the answer. 2022 ended with some important partnerships announced…. Read more on Via Satellite