TAMPA, Fla. — Global satellite industry revenue climbed 2% year-on-year to $285 billion for 2023, according to the Satellite Industry Association’s 27th annual space economy snapshot released June 13.

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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,...