COLORADO SPRINGS — The commercial geostationary (GEO) satellite market is undergoing rapid transformation. Operators are adapting to shrinking broadcast revenues, increased pressure from low Earth orbit (LEO) constellations and the demand for more flexible, cost-effective solutions.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...