Takeaways from the World Satellite Business Week conference in Paris, after a whirlwind of panels, meetings and more.
Michael Sheetz | CNBCiew into the business of space exploration and privatization, delivered straight to your inbox. CNBC's Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on the most important companies reaching new heights.I'm wrapping up my time at the World Satellite Business Week conference, after a whirlwind of panels, meetings and more.
My big takeaway: The "bon temps," good times, are over – in so far as speedy capital and the competitive landscape are concerned – but we're not necessarily in bad times for the space sector. Competition is fierce and investors are demanding more for their money, so strategies are about executing and delivering.
SpaceX's Starlink has disrupted the multi-billion dollar satellite communications landscape, which has really been the playing field of only a few major incumbents for decades. And its Falcon rockets are the only game for most launch customers who have hundreds of satellites looking for rides. Aside from those small enough to fly on Rocket Lab's Electron, it feels like satellite leaders are tapping their watches, eager to see next-generation large rockets begin flying and provide new supply and competition to Falcon. But satellites can't wait around and SpaceX has made it clear in both words and actions that they'll fly even competitors of Starlink.
"There's only so much capacity in the space market … just like any non-standard type of insurance product, they need to earn a certain amount of money over time ...
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