SpaceX will launch a rocket rideshare program for small size satellites. This would enable third-party companies to enter an agreement to launch a satellite on a SpaceX Falcon 9 rocket. The program is called the SmallSat Rideshare Program. Companies can access the rocket rideshare program for an approximate cost of $2.25 million for a satellite weighing in at under 330 pounds. Heavier satellites, which weigh up to 660 pounds, will cost $4.5 million.
The first SpaceX rideshare missions will be scheduled for November of 2020 and March of 2021.
Rocket rideshares are becoming a more common practice as satellite technology continues to shrink in size. This makes satellites easier to put into orbit and cheaper for companies to purchase.
Satellite Launching Services
SpaceX Will Now Offer Rocket a Rideshare Program for Satellites
Trend Themes
1. Rocket Rideshare Program - The rise of rocket rideshare programs is disrupting the satellite industry, allowing small companies to enter the space race at a lower cost.
2. Smallsat Technology - The trend towards smaller, lighter satellites is creating new opportunities in space technology for startups and established companies alike.
3. Commercial Space Launches - The growing demand for commercial space launches is driving innovation in rocket and satellite technology, creating new business opportunities for those in the industry.
Industry Implications
1. Satellite Industry - The rise of rocket rideshare programs and small satellite technology is disrupting the traditional satellite industry and creating new opportunities for startups and established companies.
2. Space Technology - The trend towards smaller, lighter satellites is driving innovation in space technology and creating new opportunities for companies in the aerospace sector.
3. Rocket Launch Industry - The growing demand for commercial space launches is creating new business opportunities for companies in the rocket launch industry, particularly as rocket rideshare programs become more popular.