Small satellites: A booming industry

Jason Kim CEO of Millennium Space Systems talks about the small satellite sector what is happening with small sats today & where they are going tomorrow

Space is booming. The industry is projected to grow to $1.4 trillion by 2030. From private launches to satellites, government to commercial uses, there are many faces to this growing industry. We sat down with Jason Kim, chief executive officer of Millennium Space Systems, a Boeing Company, to talk about the small satellite sector – what is happening with small sats today and where they are going tomorrow.

Tell us about Millennium Space Systems?

Millennium was founded shortly after 9/11. We saw the need for high-performance small satellites to support high-stakes critical missions. These national security missions not only require performance but rapid delivery. And, that’s what we do – deliver small satellite prototypes and constellations in incredibly fast timelines to support missile warning and defense, ISR, advanced space and science across different orbits.

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We currently have about 37 spacecraft in development, and we have 10 satellites on orbit – all with 100% on-orbit success. And we are backed by Boeing. We work closely with Boeing to support things like additive manufacturing, digital engineering and manufacturing to ensure we rapidly deliver small sats.

Read more: Breaking Defense