Intense Competition Sparks Innovation in Space Launch Service Industry
Innovation has been the insignia of the aerospace and defense sector since the launch of Sputnik into the low Earth orbit in 1957. Soon after, within a span of 10 years, humans were sent to the moon. The sector has prided itself in taking a novel approach towards problems and focusing on consistent technological enhancements. Today, we find that the ability of satellites to transform businesses is only matched by the pace at which the technology is growing.
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