TrendForce projects the global satellite industry will reach $447 billion by 2027, with annual growth of about 14%, driven by satellite broadband, direct-to-phone connectivity, space-based AI compute and space-based solar power (SBSP). TrendForce says SpaceX—whose IPO prospects are being watched by markets—is expanding beyond satellite broadband into phone-to-satellite services, space AI compute and SBSP, and is enlarging its in-house space AI chip fab Terafab to strengthen vertical integration

TrendForce projects the global satellite industry will reach $447 billion by 2027, with annual growth of about 14%, driven by satellite broadband, direct-to-phone connectivity, space-based AI compute and space-based solar power (SBSP). TrendForce says SpaceX—whose IPO prospects are being watched by markets—is expanding beyond satellite broadband into phone-to-satellite services, space AI compute and SBSP, and is enlarging its in-house space AI chip fab Terafab to strengthen vertical integration and shift low‑Earth‑orbit offerings from communications toward compute services as satellite networks, AI infrastructure and space applications converge.