Hugh Lam

And so that's where things like LEO satellites, low earth orbit satellites, are extremely important.

And they can sit anywhere from

sort of 500 to 2000 kilometers into orbit.

And we've seen airlines like Qatar Airways use LEO.

And that's why people online are saying Qatar has some of the best Wi-Fi on their plants because they're using LEO satellites.

And so I was like, oh, that makes a lot of sense why my internet connection on Qantas wasn't the best experience.

That's an example of a real case that people are actually using satellites in their everyday lives and they don't even know it.

Yeah, I think the other area of space that investors can consider is satellite manufacturing.

Of course, someone has to actually build the satellites to actually go into orbit.

I mentioned Planet Labs as a data software provider.

Interestingly, they actually make their own satellites.

So they make a satellite called CubeSat.

It's a very small satellite.

We're talking literally a cube, which is why it's called CubeSat.

It's about 10 by 10 by 30 centimetres.

But they don't just put the one in.

So what they do is they build a constellation of probably chucking 150 to 200 of the small ones.

And then they have this constellation that they effectively bring up into orbit.

And so you'll increasingly find a lot of companies within the industry becoming vertically integrated because some companies like Rocket Lab also do manufacturing of their own satellites too.

When you talk about sub-industries, you have some pure players and you have some that are, again, they're becoming vertically integrated.