The fast-growing satellite industry is offering Central Florida businesses the best opportunity to cash in on the action.
The industry has a big impact on the world, connecting countries to the internet, improving broadcast services, enhancing military needs, monitoring weather and so much more. Plus, the industry had a 2016 global revenue of $260.5 billion — a big jump from 2012’s $209.2 billion.
And Central Florida — specifically Brevard County — is playing a big role in the future of the satellite industry in two big ways:
- Arlington, Va.-based satellite company OneWeb LLC in March expects to debut its $85 million, 100,000 square-foot manufacturing plant inSpace Florida’s Exploration Park. Space Florida is the state’s economic development agency for the aerospace industry.
- The Space Coast is the busiest place for commercial and government rocket launches that carry satellites to space
OneWeb founder Greg Wyler plans to launch 900 satellites to space to bridge the digital divide by giving billions of people around the world internet service that have never had it. And those satellites will be built on the Space Coast, with 250 workers expected to be hired at the plant.
But OneWeb isn’t the only company planning to send hundreds of satellites to space. Elon Musk’s rocket manufacturing company SpaceX announced plans to send 12,000 satellites to space, using its own rockets. And it plans to launch more frequently from Kennedy Space Center’s Launch Complex 39A.
By Matthew RichardsonStaff writer, Orlando Business Journal