Government Spending Spree on Space is Over

For roughly a decade, the global satellite and space industries have been humming along, with annual revenues and profits for most major companies up sharply year after year. The financial success has been fed in no small part by government space spending. This is particularly true in the United States, with its Department of Defense engaged in major procurements for both proprietary satellites and commercial satellite capacity to support military communications and reconnaissance in the Middle East and Southwest Asia.