Spacetech market has been revolutionalising more than ever before. There are many companies that are involved in sending data from satellites, which is the lifeline in pumping the digital economy. While common people might not comprehend the importance of spacetech, it is important to know that its one thing we rely on in our daily lives, be it navigation, delivery services or more.
Almost all the countries across the world are exploring space and the democratisation of the same will ensure that the space sector is no longer dominated by large multinational firms and global superpowers. Gradually, the cost of building and launching satellites has come down. What was once a sector that was untapped by many has become one of the hottest attractions for venture capital investors.