Projections for the booming space economy often come with trillion-dollar headlines, but the lion’s share of near-term revenue looks destined for just a handful of massive constellations with the funds to invest in vertical integration. It’s relatively slim pickings for the many other manufacturers, launch providers and technology suppliers hoping to ride the wave.

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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,...