April 13, 2024

16 largest satellite companies in the world

In this article, we will look at the 16 largest satellite companies in the world. If you want to skip our detailed review, you can go directly to the 5 biggest satellite companies in the world.

According to a report by Allied Market Research, the global satellite market was worth $286 billion in 2022. It is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2032 and reach 615.7 billion dollars by the end of the year. expected period. The growth is driven by the rise in space exploration missions, the rise of satellite-based warfare, and the growing trend toward small satellites.

Satellite startup for global IoT connectivity

On March 8, Reuters reported that Satelliot, a Spanish startup, intends to fund 100 million euros to launch a network of small satellites. The company will enter the competitive market of providing cost-effective Internet access across space, for which the current market is valued at $100 billion. The startup stands out among its competitors by taking a unique approach of building a smaller network to focus on connecting IoT devices in regions with restricted mobile network coverage. With this venture, the startup targets customers from different sectors, such as logistics companies, farmers and oil management platforms. The company’s two satellites are already in orbit, with four commercial satellites scheduled to be launched by June 2024. The Spanish startup is expected to be operational in the second half of the year. You can also look at the 12 Best Space Stocks to Buy According to Hedge Funds.

Emissions Control Satellite

Among the growing trends in space exploration, environmental monitoring continues to be one of the significant drivers of innovation in the space and satellite industry. On March 4, Reuters reported that a new satellite backed by Alphabet Inc. (NASDAQ:GOOG) and the Environmental Defense Fund Group is being launched to identify methane emissions from space. This venture represents an important step towards making the oil and gas sectors responsible for methane gas emissions. The satellite called MethanSAT is designed to monitor GHG emissions with its ability to provide detailed information. Furthermore, it will help assess the commitments made by the 50 oil and gas companies at the COP28 conference.

You can also look at the 20 countries with the most carbon dioxide emissions per capita.

Satellite companies revolutionizing the space sector

Some of the companies leading the satellite industry with their products and services include The Boeing Company (NYSE:BA), Airbus SE (OTC:EADSF), and EchoStar Corporation (NASDAQ:SATS).

The Boeing Company (NYSE:BA) is one of the largest aerospace companies in the world. It provides satellite and satellite-related services to government and commercial customers worldwide. On March 5, the company announced that it has received a contract to build the Wideband Global SATCOM (WGS) communications satellite for the U.S. Space Force’s Space Systems Command. The Boeing Company’s (NYSE:BA) satellite will provide secure communications capabilities to the U.S. military with the help of the satellite’s integrated Protected Tactical Enterprise System.

Airbus SE (OTC:EADSF) is a leading aerospace company that is innovating the satellite industry with its best-in-class products and services. On March 19, the company announced that it had received a contract from NASA’s Jet Propulsion Laboratory (JPL) to design and build the twin GRACE-C spacecraft. This is a joint NASA and German Space Agency mission that will strengthen the long-standing partnership between the US and Germany for a disrupted measurement of Earth’s gravitational field. Airbus SE (OTC:EADSF) will be responsible for designing and delivering the satellite to the launch site.

EchoStar Corporation (NASDAQ:SATS) is one of the largest satellite companies in the world. On March 15, its subsidiary, Hughes Network Systems, announced that a leading satellite operator, Nilesat, has acquired Hughes JUPITER System Getaway. It will use JUPITER terminals for its Nilesat 301 satellite. The ground system will be deployed in the second quarter of 2024, with completion expected in the third quarter of 2024. EchoStar Corporation’s (NASDAQ:SATS) lead ground system, Hughes JUPITER System, will provide bandwidth and cost efficiency utilizing its software defined satellite networks and dynamic en-route reconfiguration.

Now that we’ve discussed the companies that are innovating in the satellite market, let’s look at the 16 largest satellite companies in the world. You can also check out the 15 countries with the highest number of military satellites in orbit.

16 largest satellite companies in the world

16 largest satellite companies in the world

A satellite in mid-flight with its solar panels capturing the sun’s rays.


To compile our list of the 16 largest satellite companies in the world, we exhausted our research by analyzing industry reports and several similar rankings. Our research resulted in pure and non-pure companies. To classify pure companies, we consider their market value as of March 29 for public companies and annual revenue for private companies. For non-pure companies, we selected them based on their space and satellite segment revenues in the most recent year available. Our list ranks the world’s 16 largest satellite companies in ascending order of their respective financial metrics.

16 largest satellite companies in the world

16. Gilat Satellite Networks Ltd.

Market value on March 29: US$309.60 million

Gilat Satellite Networks Ltd. (NASDAQ:GILT) is ranked among the largest satellite companies in the world. The company has more than 35 years of experience in the satellite technology industry. The company has a portfolio of high-end satellite solutions, including ultra-high throughput satellites (VHTS), software-defined satellites (SDS), satellites in motion (SOTM) and block upconverters (BUC). As of March 29, Gilat Satellite Networks Ltd. (NASDAQ:GILT) boasted a market cap of $309.6 million.

15. Telesat Corporation (NASDAQ:TSAT)

Market value on March 29: US$416.99 million

Telesat Corporation (NASDAQ:TSAT) is a leading satellite communications company with a strong network of low-Earth orbit satellites. Its low-Earth orbit satellite network, Telesat Lightspeed, is equipped with capabilities to meet the high requirements of maritime, aeronautical, telecommunications and government customers. Telesat Lightspeed is one of the world’s leading satellite networks. As of March 29, Telesat Corporation (NASDAQ:TSAT) boasts a market cap of $416.99 million.

14. Planet Labs PBC (NYSE:PL)

Market value on March 29: US$733.50 million

Planet Labs PBC (NYSE:PL) is one of the largest satellite companies in the world. The company provides services including aerospace, imaging, big data, GIS and other satellite solutions. The company operates a fleet of more than 200 imaging satellites. It has operated 30 successful launches and deployed more than 450 satellites. As of March 29, Planet Labs PBC (NYSE:PL) was valued at $733.5 million.

13. Eutelsat

Annual revenue (2023): US$1.22 billion

Eutelsat is a leading satellite operator in France. The company engages in services including broadband, professional broadcasting, telecommunications and data services. It launched a fleet of 34 satellites, operating across Europe, the Middle East, selected regions of Africa and Asia, and the Americas. The company generated revenue of US$1.22 billion in 2023.

12. Rocket Lab USA, Inc.

Market value on March 29: US$2.01 billion

(NASDAQ:RKLB) is a leading aerospace company that provides launch services, satellites and other spacecraft, on-orbit management solutions and spacecraft components. The company has delivered more than 100 satellites to the public and private sectors. Its satellites provide services such as climate monitoring, research, national security, space debris mitigation and Earth observation. As of March 29, Rocket Lab USA, Inc. (NASDAQ:RKLB) had a market cap of $2.01 billion.

11. Intelsat

Annual revenue (2023): US$2.10 billion

Intelsat is ranked 11th on our list of the world’s largest satellite companies. The company offers satellite communications services such as fixed and wireless telecommunications, Internet services and data network services. Headquartered in Luxembourg, the company generated annual revenue of US$2.10 billion in 2023.

10. Viasat, Inc.

Market value on March 29: US$2.27 billion

(NASDAQ:VSAT) is a leading satellite communications company. The company specializes in commercial and military SATCOM products, satellite bandwidth services, satellite internet and satellite telecommunications. As of March 29, Viasat, Inc. (NASDAQ:VSAT) had a market cap of $2.27 billion and was ranked #10 on our list.

9. Thales Alenia Space

Annual revenue (2022): US$2.38 billion

Thales Alena Space has more than 40 years’ experience in providing space solutions such as telecommunications services, Earth observation, navigation, space exploration, environmental management and orbital infrastructures. The company generated revenue of US$2.38 billion in 2022.

8. Globalstar, Inc.

Market value on March 29: US$2.77 billion

(NYSE: GSAT) is a leading satellite communications company. Its satellite solutions deliver enhanced communication and productivity through its constellation of low-Earth orbit satellites. Headquartered in the USA, the company provides its services in 100 countries. As of March 29, Globalstar, Inc. (NYSE:GSAT) had a market cap of $2.77 billion. It is ranked 8th on our list.

7. Lockheed Martin Space, Lockheed Martin Corporation (NYSE: LMT)

Annual revenue (2023): US$3.38 billion

Lockheed Martin Space is one of the principal business divisions of Lockheed Martin Corporation (NYSE:LMT), the leading manufacturer of defense and space equipment. The company has built more than 300 mission payloads for its customers. Its satellite portfolio includes NASA’s Orion spacecraft and the GOES-R series. It provides services such as spacecraft design and construction, space exploration and climate observation. His spacecraft has visited 8 planets and spent more than 1,000,000 operational hours in space. Lockheed Martin Corporation’s (NYSE:LMT) space segment generated revenue of $3.38 billion in 2023. It is ranked 7th on our list.

6. Northrop Grumman Corporation (NYSE:NOC)

Segment annual revenue (2023): US$3.60 billion

Northrop Grumman Corporation (NYSE:NOC) is ranked #6 on our list of the world’s largest satellite companies. With more than 30 years of experience, the company has high-performance satellite and space exploration capabilities. Its satellite solutions include protected communications satellites, commercial communications satellites, anti-jam MILASATCOM, scientific and environmental monitoring satellites, and ground systems. Some of the satellites currently in process at its Virginia manufacturing facility include Joint Polar Satellite System (JPSS-2, JPSS-3, and JPSS-4), Ice, Cloud, and Land Elevation Satellite-2 (ICESat-2), ICON and Landsat-9. In 2023, Northrop Grumman Corporation’s (NYSE:NOC) space segment generated revenue of $3.60 billion.

Click to continue reading and see the 5 largest satellite companies in the world.

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Disclosure: None. 16 largest satellite companies in the world was originally published on Insider Monkey.

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