Cameron Gleeson

So they're relatively small companies by comparison to some of the US companies.

India is a player.

We've got companies that are involved in building out alternative technologies.

internet connectivity from Europe.

But China is also going to be and is indeed a major player.

There's a lot of Chinese companies that build a lot of the componentry.

They're also looking to launch their own network or constellation of low Earth orbit satellites.

Currently, there's about 14,000 low Earth orbit satellites.

About 10,000 of them are currently Starlink, but others are growing.

And they're adopting different ways of doing things.

Is there a way you can build that constellation of satellites where you don't necessarily need as many, but potentially the technology or the approach is a little bit different?

So it is a space race to a degree, and that's going on on a governmental level.

We know that China is going to try and potentially challenge the US to get to the moon, but also on a commercial level in terms of building out a lot of this technology, the connectivity and the like.

Well, as I sort of said before, some of these companies are already reaching profitability.

I mentioned Planet Labs.

The expectations for other companies like, for example, Rocket Lab.

are that they're going to reach profitability in the next two years.

There is a heavy upfront investment required to sort of build out.

This is a CapEx intensive industry, which is why a lot of these companies have come to the public markets.

But given that they're extremely high growth, the opportunity is there.