Satellite Bus Showdown: Legacy Titans vs. NewSpace Mavericks (2024–2033)
The global satellite bus market is projected to grow from $14.1 billion in 2023 to $23.4 billion by 2033. SpaceX has launched over 6,500 Starlink satellites, making up about half of all active satellites. In 2024, commercial projects accounted for 68% of market value, with LEO satellites at 72% of platform share. BAE Systems completed its $5.55 billion acquisition of Ball Aerospace in early 2024.