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Image: SpaceX
Today, the aerospace industry is going through a boom in small satellite launches. Increased demand for small satellites has led to a boom in building small launchers to place spacecraft into calculated orbits. Plenty of companies across the globe are developing new rocket launch technologies and attracting both government and private funds. Will the small rocket companies be profitable in the long run?
Top companies developing small rockets
A Scottish company is working on its Skylark Micro rocket with a payload capacity of up to 1 kg. German aerospace company Rocket Factory Augsburg is designing a larger carrier with up to 1000 kg payload capacity. Spanish PLD Space plans to launch from Andalusia; British rocket company Orbex Space is creating its own constellation of satellites and wants to launch them into calculated orbits with its proprietary Prime rocket.