Legacy satellite makers are beginning to reshape their portfolios to reflect a dramatic market shift away from large-bus satellites flying in geosynchronous orbits to small satellites that will populate low Earth orbit. Boeing announced Aug. 16 it is buying small-satellite specialist Millennium Space Systems and will organize the company under the leader of its Phantom Works unit. Days earlier, Lockheed Martin revealed it had doubled down on its investment in smallsat startup Terran ...

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