Five years ago, the world’s space industry was going through a boom.



Companies such as Iridium and Globalstar were ordering whole fleets of communications satellites.



This was in preparation for what they confidently predicted would be a surge in demand for satellite phones from people frustrated by the lack of coverage from land-based mobile networks.



But the promised demand didn’t happen, and now the space business is in a rut, with lots of rockets that nobody needs. More here.

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