Rocket Report: Falcon 9 launches its 7,000th Starlink; ABL cuts deep

After SpaceX sets a major milestone, ABL Space Systems is undergoing a shakeup.

Starlink's steady growth

SpaceX's workhorse Falcon 9 rocket launched its 7,000th Starlink internet-beaming satellite into orbit on August 19. The mission was the 32nd Starlink launch of the year, and it brought the total number of Starlink satellites in orbit to more than 3,200.

Starlink is a constellation of satellites that SpaceX is building to provide global broadband internet access. The system is still in its early stages of development, but it has already shown promise for providing high-speed internet to remote and underserved areas.

ABL Space Systems undergoes layoffs

ABL Space Systems, a startup that is developing a small satellite launcher called RS1, is laying off about 25% of its workforce. The company cited the challenging economic environment and the need to focus on its core business as reasons for the layoffs.

ABL Space Systems is one of several companies that are developing small satellite launchers. These launchers are designed to meet the growing demand for launching small satellites into orbit. However, the small satellite launch market is highly competitive, and ABL Space Systems is facing stiff competition from other companies such as Rocket Lab and Virgin Orbit.

What does this mean for the future of space?

The launch of SpaceX's 7,000th Starlink satellite is a major milestone for the company. It shows that SpaceX is making progress in its ambitious goal of providing global broadband internet access. The layoffs at ABL Space Systems, on the other hand, show that the small satellite launch market is highly competitive. Only the strongest companies will survive in this market.

The future of space is bright. There is a growing demand for satellite-based services, and companies such as SpaceX and ABL Space Systems are working to meet this demand. The next few years will be critical for these companies as they compete to win market share in the small satellite launch market.