Orbital Satellite Network

Space is becoming the next infrastructure layer — not exploration, but connectivity, intelligence, and data routed through orbital networks. Launch costs have dropped 90% in a decade, making commercial constellations economically viable for the first time. The FCC just approved direct-to-cell satellite service, opening a market of 5 billion mobile users who currently lose signal outside urban areas. Apple has already committed to satellite emergency SOS, validating consumer demand. The US Space Force and NRO are shifting procurement toward commercial satellite imagery providers instead of building their own, creating sticky government revenue streams. Meanwhile the 2022-2023 SPAC crash wiped out the speculators and reset valuations — the companies still standing are the ones with signed contracts, working hardware, and recurring revenue. This strategy bets that orbital networks become as essential as cell towers and fiber optics within this decade, and positions across the full stack: satellite operators with contracted cash flows, launch and hardware infrastructure riding falling costs, and emerging space data companies capturing the next wave of defense and commercial demand.