Satellite Internet Market worth $33.44 Billion by 2030, at a CAGR of 18.1%
The Satellite Internet Market Size is projected to grow from USD 14.56 billion in 2025 to USD 33.44 billion by 2030, with a CAGR of 18.1%.
The report " Satellite Internet Market by Customer (Household & Community Wi-Fi, Mobility Internet, Business Connectivity, Telecom Backhaul, Emergency Response, Military Communications), Frequency (UHF, SHF, EHF), Speed, Orbit and Region - Global Forecast to 2030" The satellite internet market is projected to grow from USD 14.56 billion in 2025 to USD 33.44 billion by 2030, with a CAGR of 18.1%. The satellite internet market is experiencing rapid growth as more people and businesses require internet access in areas where traditional cables cannot reach. This includes rural villages, farmlands, oceans, and mountainous regions. With advancements in technology, satellite internet has become faster, more affordable, and easier to use. Small businesses, schools, and hospitals in remote locations depend on satellite internet to stay connected with the rest of the world. Unlike older systems, newer services allow users to stream videos, attend online classes, and make video calls without delays. Another factor driving this growth is the rise in smart devices and sensors that constantly send and receive data. These devices are used in various sectors, including farming, shipping, and emergency services. Satellite internet facilitates the connection of these devices, regardless of their location. Companies are also developing smaller satellites and launching them in groups to create stronger and broader coverage. These satellites can work together to provide internet access even if one satellite is unavailable.
By download speed, high speed (>100 Mbps) is projected to be the fastest-growing segment in the satellite internet market during the forecast period.
The high-speed segment, which offers download speeds exceeding 100 Mbps, is expected to exhibit the fastest growth in the satellite internet market during the forecast period. This growth is driven by increasing demand for data-intensive applications in both residential and commercial sectors. Today, consumers require faster internet connections to support activities such as high-definition video streaming, online gaming, video conferencing, and the use of smart home devices. These services demand stable, high-bandwidth connections, which advanced satellite systems are now able to provide. In the business sector, industries such as energy, mining, maritime, and remote construction rely on high-speed internet for real-time data transmission, cloud computing, and coordination among geographically dispersed teams. The rollout of LEO satellite constellations has made it feasible to deliver these high-speed services with lower latency and improved reliability. As more people expect a fiber-like experience in areas lacking terrestrial networks, the demand for high-speed satellite internet continues to rise. Additionally, both governments and private organizations are investing heavily in high-performance networks to bridge the digital divide in rural areas. All these factors contribute to the rapid growth of the high-speed segment in the Satellite Internet Industry.
By customer type, consumer broadband is projected to be the fastest-growing segment in the satellite internet market during the projected period.
The consumer broadband segment is expected to experience the fastest growth in the satellite internet market during the projected period due to the increasing global demand for internet access in rural and remote areas. Many households still lack access to traditional wired broadband because of geographic and infrastructure limitations. Satellite internet offers a reliable and scalable solution to bridge this digital divide, providing connectivity directly from space without requiring extensive ground infrastructure. The rise of remote work, online learning, video streaming, and digital communication has further amplified the need for high-speed internet in homes. LEO satellite constellations are enabling faster and more affordable internet access for individual users, which encourages higher adoption rates in underserved regions. The availability of low-cost consumer terminals and flexible service plans has also significantly contributed to expanding the user base. Moreover, government-funded broadband programs in countries like the US, Canada, and India are promoting satellite internet as a viable option for last-mile connectivity. As more people rely on internet access for essential services such as healthcare, education, and financial transactions, the consumer broadband segment is anticipated to see a substantial increase in users and market revenue in the coming years.
North America is projected to lead the satellite internet market during the forecast period.
North America is projected to lead the satellite internet market during the forecast period because of its strong technological infrastructure, supportive government policies, and early adoption of advanced satellite systems. The US is home to major satellite internet providers such as SpaceX, Viasat, and HughesNet, which are actively deploying LEO constellations to deliver fast and reliable broadband. These companies have already launched thousands of satellites and are expanding their coverage across the region. Government initiatives such as the Rural Digital Opportunity Fund in the US and rural broadband programs in Canada are also playing a key role in funding and promoting satellite internet access in underserved areas. Furthermore, North America has a high demand for remote connectivity due to its vast rural landscapes, mobile workforce, and increased reliance on cloud services. Businesses and consumers require dependable internet for education, health, remote work, and media streaming. The region also has favorable regulatory conditions and spectrum policies that encourage innovation and commercial deployment of satellite services. The combination of strong demand, private investment, public support, and technological leadership positions North America as the dominant region in the satellite internet market during the forecast period.
SpaceX (US), Viasat (US), EchoStar Corporation (US), Eutelsat Communications SA (US), and SES S.A. (Luxembourg) are the major key players in the Satellite Internet Companies. These companies have strong distribution networks across regions such as North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.
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Globe and Mail
11 minutes ago
- Globe and Mail
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IonQ announced that Dr. Grégoire Ribordy will remain in his role post-close to continue building on his 20 years of leadership in quantum networking. 2025 Financial Outlook For the full year 2025, IonQ expects revenue to be between $82 million and $100 million, with between $25 million and $29 million for the third quarter. 2025 Board Update IonQ announced that its Board of Directors has appointed CEO Niccolo de Masi to the additional position of Chairman of the Board, effective immediately. As a result, Peter Chapman has stepped down as Executive Chairman and as a member of the Board. Inder Singh, Lead Independent Director of IonQ, said, 'We are delighted to name Niccolo as Chairman of the Board. Since he became CEO in February 2025, Niccolo has excelled in leading the business forward. We are confident that he is the right person to guide our Board as we continue to oversee the execution of the Company's strategic priorities and the incredible momentum they are driving. We are grateful to Peter for his long-standing service to IonQ and wish him well.' de Masi commented, 'I am honored to receive this further vote of confidence in me by the Board as IonQ continues to extend its leadership in quantum computing and quantum networking. I also want to thank Peter for his seminal work in building the Company over the last six years and our collaboration over the last few months.' Second Quarter 2025 Conference Call IonQ will host a conference call today at 4:30 p.m. Eastern time to review the Company's financial results for the second quarter ended June 30, 2025 and to provide a business update. The call will be accessible by telephone at 844-826-3035 (domestic) or 412-317-5195 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or 412-317-6671 (international) with access code 10200658 and will be available until 11:59 p.m. Eastern time, August 20, 2025. An archive of the webcast will also be available here shortly after the call and will remain available for one year. Non-GAAP Financial Measures To supplement IonQ's condensed consolidated financial statements presented in accordance with GAAP, IonQ uses non-GAAP measures of certain components of financial performance. Adjusted EBITDA is a financial measure that is not required by or presented in accordance with GAAP. Management believes that this measure provides investors an additional meaningful method to evaluate certain aspects of the Company's results period over period. Adjusted EBITDA is defined as net loss attributable to IonQ, Inc. before net loss attributable to noncontrolling interests, interest income, interest expense, income tax (benefit) expense , depreciation and amortization expense, stock-based compensation, change in fair value of assumed warrant liabilities, acquisition transaction costs, and other non-recurring non-operating income and expenses. IonQ uses Adjusted EBITDA to measure the operating performance of its business, excluding specifically identified items that it does not believe directly reflect its core operations and may not be indicative of recurring operations. The presentation of non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the financial results prepared in accordance with GAAP, and IonQ's non-GAAP measures may be different from non-GAAP measures used by other companies. IonQ shows a reconciliation of GAAP to non-GAAP financial measures at the end of this release. About IonQ IonQ, Inc. [NYSE: IONQ] is the leading commercial quantum computing and networking company , delivering high-performance systems aimed at solving the world's most complex problems. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems that have been helping customers and partners such as Amazon Web Services, AstraZeneca, and NVIDIA achieve 20x performance results. The company is accelerating its technology roadmap and intends to deliver the world's most powerful quantum computers with 2 million qubits by 2030 to accelerate innovation in drug discovery, materials science, financial modeling, logistics, cybersecurity, and defense. IonQ's advancements in quantum networking also positions the company as a leader in building the quantum internet. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'pending,' 'look forward,' 'accelerate,' 'anticipate,' 'expect,' 'suggests,' 'plan,' 'believe,' 'intend,' 'estimates,' 'targets,' 'projects,' 'should,' 'could,' 'would,' 'may,' 'will,' 'forecast,' 'offers' and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ's position in the quantum computing and networking sector; the efficacy of new applications of quantum computing; the relevance and utility of quantum algorithms and applications run on IonQ's quantum computers; the success of partnerships and collaborations between IonQ and other parties, including development and commercialization of products and services with such parties; IonQ closing anticipated acquisitions; IonQ's ability to utilize the technology of acquired companies to accelerate the development and scale of IonQ's systems and offerings; advancement of quantum networking technology; the Company's technology driving commercial applications in the future; the Company's future financial and operating performance, including our preliminary outlook and guidance; the appearance of new applications of IonQ's products and services; the ability for third parties to implement IonQ's offerings to solve their problems and increase their quantum computing capabilities; expansion of IonQ's sales pipeline; IonQ's quantum computing capabilities and plans; future deliveries of and access to IonQ's quantum computers and services; future purchases of IonQ's offerings by customers using congressionally-appropriated funds from the U.S. government; IonQ's performance of existing contracts in the future, including anticipated timing of completion of research, development and manufacturing by IonQ; IonQ receiving additional revenues under planned subsequent phases of customer contracts; and the scalability and reliability of IonQ's quantum computing offerings. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive industries in which IonQ operates, including development of competing technologies; our ability to sell effectively to government entities and large enterprises; changes in laws and regulations affecting IonQ's and its suppliers' businesses; IonQ's ability to implement its business plans, forecasts and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively integrate its acquisitions; its inability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; its inability to attract and retain key personnel including personnel of acquired companies; the conditions for closing IonQ's anticipated acquisitions not being met; IonQ's customers deciding or declining to extend contracts into new phases; the inability of its suppliers to deliver components that meet expectations timely; changes in U.S. government spending or policy that may affect IonQ's customers; changes to U.S. government goals and metrics of success with regard to implementation of quantum computing and quantum networking; and risks associated with U.S. government sales, including availability of funding and provisions that allow the government to unilaterally terminate or modify contracts for convenience. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors'' section of IonQ's most recent periodic financial report (10-Q or 10-K) and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenue $ 20,694 $ 11,381 $ 28,260 $ 18,963 Costs and expenses: Cost of revenue (excluding depreciation and amortization) 8,327 5,623 12,642 9,037 Research and development 103,359 31,204 143,312 63,572 Sales and marketing 10,877 6,137 19,487 12,838 General and administrative 48,107 13,053 71,913 27,073 Depreciation and amortization 10,616 4,305 17,177 8,260 Total operating costs and expenses 181,286 60,322 264,531 120,780 Loss from operations (160,592 ) (48,941 ) (236,271 ) (101,817 ) Gain (loss) on change in fair value of warrant liabilities (39,577 ) 6,639 (1,083 ) 15,266 Interest income, net 7,138 4,801 12,032 9,600 Other income (expense), net 232 (45 ) 283 (179 ) Loss before income tax expense (192,799 ) (37,546 ) (225,039 ) (77,130 ) Income tax benefit (expense) 15,269 (15 ) 15,257 (23 ) Net loss $ (177,530 ) $ (37,561 ) $ (209,782 ) $ (77,153 ) Net loss attributable to noncontrolling interests (692 ) — (692 ) — Net loss attributable to IonQ, Inc. $ (176,838 ) $ (37,561 ) $ (209,090 ) $ (77,153 ) Net loss per share attributable to IonQ, Inc. common stockholders—basic and diluted $ (0.70 ) $ (0.18 ) $ (0.87 ) $ (0.37 ) Weighted average shares used in computing net loss per share attributable to IonQ, Inc. common stockholders—basic and diluted 250,967,455 211,637,479 239,924,680 209,898,459 IonQ, Inc. Condensed Consolidated Balance Sheets (unaudited) (in thousands) June 30, December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $ 140,067 $ 54,393 Short-term investments 406,784 285,896 Accounts receivable, net 19,114 10,188 Prepaid expenses and other current assets 59,922 28,325 Total current assets 625,887 378,802 Long-term investments 109,902 23,545 Property and equipment, net 58,558 52,761 Operating lease right-of-use assets 11,254 9,470 Intangible assets, net 143,241 29,469 Goodwill 370,720 9,904 Other noncurrent assets 27,046 4,437 Total Assets $ 1,346,608 $ 508,388 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 8,938 $ 5,230 Accrued expenses and other current liabilities 49,190 16,424 Current portion of operating lease liabilities 5,528 3,366 Unearned revenue 16,726 10,678 Current portion of stock option early exercise liabilities 252 387 Total current liabilities 80,634 36,085 Operating lease liabilities, net of current portion 13,737 14,359 Unearned revenue, net of current portion 2,770 — Warrant liabilities 58,042 70,688 Other noncurrent liabilities 12,979 3,394 Total liabilities $ 168,162 $ 124,526 Stockholders' Equity: Common stock $ 27 $ 22 Additional paid-in capital 2,050,344 1,067,403 Accumulated deficit (892,810 ) (683,720 ) Accumulated other comprehensive income (loss) 4,072 157 Total IonQ, Inc. stockholders' equity $ 1,161,633 $ 383,862 Noncontrolling interests 16,813 — Total stockholders' equity $ 1,178,446 $ 383,862 Total Liabilities and Stockholders' Equity $ 1,346,608 $ 508,388 IonQ, Inc. Condensed Consolidated Statements of Cash Flows (unaudited) (in thousands) Six Months Ended June 30, 2025 2024 Cash flows from operating activities: Net loss $ (209,782 ) $ (77,153 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 17,177 8,260 Stock-based compensation 132,421 43,040 (Gain) loss on change in fair value of warrant liabilities 1,083 (15,266 ) Deferred income taxes (15,300 ) — Amortization of premiums and accretion of discounts on available-for-sale securities (3,540 ) (4,787 ) Other, net 1,502 2,156 Changes in operating assets and liabilities: Accounts receivable (3,595 ) 3,558 Prepaid expenses and other current assets (25,142 ) (8,341 ) Accounts payable 1,094 (165 ) Accrued expenses and other current liabilities 20,741 (2,116 ) Unearned revenue (4 ) 1,262 Other assets and liabilities (2,254 ) 2,508 Net cash provided by (used in) operating activities $ (85,599 ) $ (47,044 ) Cash flows from investing activities: Purchases of property and equipment (3,501 ) (10,629 ) Capitalized software development costs (1,886 ) (2,129 ) Intangible asset acquisition costs (307 ) (892 ) Purchases of available-for-sale securities (435,130 ) (146,098 ) Maturities of available-for-sale securities 211,180 211,572 Businesses acquired, net of cash paid 28,667 — Net cash provided by (used in) investing activities $ (200,977 ) $ 51,824 Cash flows from financing activities: Proceeds from at-the-market offering, net of issuance costs 358,254 — Proceeds from stock options exercised 7,564 1,185 Proceeds from public warrants exercised 5,592 — Tax withholding receipts (payments) related to vested and released RSUs, net 1,447 141 Net cash provided by (used in) financing activities $ 372,857 $ 1,326 Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 391 4 Net change in cash, cash equivalents and restricted cash 86,672 6,110 Cash, cash equivalents and restricted cash at the beginning of the period 56,840 38,081 IonQ, Inc. (unaudited) (in thousands) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net loss attributable to IonQ, Inc. $ (176,838 ) $ (37,561 ) $ (209,090 ) $ (77,153 ) Net loss attributable to noncontrolling interests (692 ) — (692 ) — Interest income, net (7,138 ) (4,801 ) (12,032 ) (9,600 ) Interest expense — — — — Income tax (benefit) expense (15,269 ) 15 (15,257 ) 23 Depreciation and amortization 10,616 4,305 17,177 8,260 Stock-based compensation 99,168 20,979 132,421 43,040 (Gain) loss on change in fair value of warrant liabilities 39,577 (6,639 ) 1,083 (15,266 ) Acquisition transaction costs 14,060 — 15,841 —
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- Globe and Mail
Iron Mountain Stock Gains in Pre-Market on Q2 AFFO & Revenue Beat
Iron Mountain Incorporated IRM reported second-quarter adjusted funds from operations (AFFO) per share of $1.24, beating the Zacks Consensus Estimate of $1.19. This figure jumped 14.8% year over year. Reflecting investors' positive sentiments, shares of the company gained around 3.60% during the pre-market hours of today's trading session. Iron Mountain's results reflect solid performances across all segments, including the storage, service, global RIM and data center business. However, higher interest expenses in the quarter undermined the performance to an extent. Quarterly total revenues of $1.71 billion outpaced the Zacks Consensus Estimate of $1.68 billion. Moreover, the figure improved 11.6% year over year. IRM increased its full-year 2025 guidance. According to William L. Meaney, president and CEO of Iron Mountain, 'We are pleased to report outstanding performance in the second quarter, resulting in record financial performance across all key metrics and above our expectations. Our team's successful execution of our strategy and commitment to delivering value for our customers, whilst leveraging our synergistic business model continues to drive industry leading growth and record results across each of our business segments.' IRM's Q2 in Detail Storage rental revenues were $1,010 million in the second quarter, up 9.8% year over year. We had estimated quarterly storage rental revenues of $1002.9 million. Service revenues increased 14.2% from the prior-year quarter to $702 million. Our estimate was pegged at $677.2 million. The Global RIM business revenues grew 5.9% year over year to $1323.8 million. Our estimate was pegged at $1320.7 million. The Global Data Center business reported revenues of $189.4 million in the second quarter, rising 24% year over year. The figure exceeded our estimate pegged at $188.8 million. Adjusted EBITDA rose 15.4% year over year to $628.4 million. The adjusted EBITDA margin expanded 120 basis points to 36.7%. However, interest expenses increased 16.2% year over year to $205.1 million in the quarter. IRM's Balance Sheet Position IRM exited the second quarter with $218 million of cash and cash equivalents, up from $155.3 million as of March 31, 2025. As of June 30, 2025, the company has net debt of $15.48 billion, up from $14.87 billion as of March 31, 2025, with a weighted average years to maturity of 4.5 years and a weighted average interest rate of 5.7%. IRM's Dividend Concurrently with the second-quarter earnings release, IRM announced a cash dividend of 78.5 cents per share for the third quarter of 2025. It will be paid out on Oct. 3 to its shareholders on record as of Sept. 15, 2025. 2025 Guidance Revision by IRM Iron Mountain has raised its guidance for 2025. It now expects AFFO per share between $5.04 and $5.13, up from the previous guided range of $4.95-$5.05. The Zacks Consensus Estimate is pegged at $5.01, which lies below the company's guided range. Revenues are now estimated in the range of $6.79-$6.94 billion from the earlier range of $6.74-$6.89 billion, while adjusted EBITDA is anticipated between $2.52 and $2.57 billion from the previous range of $2.51-$2.56 billion. The Zacks Consensus Estimate for 2025 revenues is pegged at the lower end of the range at $6.79 billion. IRM's Zacks Rank Iron Mountain currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Other REITs Digital Realty Trust DLR reported a second-quarter 2025 core FFO per share of $1.87, beating the Zacks Consensus Estimate of $1.74. FFO also increased 13.3% year over year. The quarterly results reflected steady leasing momentum with better rental rates amid rising demand. The company raised its 2025 core FFO guidance range. Equinix Inc. EQIX reported a second-quarter 2025 adjusted FFO per share of $9.91, outpacing the Zacks Consensus Estimate of $9.19. Moreover, the figure improved 7.5% from the prior-year quarter. Results reflected higher revenues led by strong demand for digital infrastructure and services. The company raised its 2025 AFFO per share guidance range. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Equinix, Inc. (EQIX): Free Stock Analysis Report Iron Mountain Incorporated (IRM): Free Stock Analysis Report Digital Realty Trust, Inc. (DLR): Free Stock Analysis Report
