In stark contrast to frontier space, many traditional satellite companies have been under distress from a pandemic that has hit key markets such as aero and maritime.
However, those that fell into bankruptcy in 2020 are beginning to emerge with healthier balance sheets that position them to invest in high-growth parts of the connectivity ecosystem.
“I would expect to see some industry consolidation,” Mark Boggett, CEO of VC firm Seraphim Capital, told Connectivity Business. “The acquisition of...