Axa XL global head of space Kunstadter joins Connectivity Next Summit 2023
The Connectivity Business News editorial team is pleased to announce that Chris Kunstadter, global head of space at Stamford, Conn.-based insurance company Axa XL, will discuss the economics of satellite life extension at Connectivity Next Summit 2023 on Monday, Nov. 13, at 4:15 p.m. (ET).
The Connectivity Next Summit 2023, with its focus on trends and opportunities in satellite and telecom connectivity, is the ideal event for satellite operators and connectivity industry leaders. It will take place Nov. 13-14 at Loews Atlanta Hotel in Atlanta.
Kunstadter will join a Connectivity Business News editor to discuss building a satellite life extension marketplace and current methods for repairing and upgrading satellites on orbit.
The satellite servicing market is projected to generate $14.3 billion in cumulative revenues by 2032, with life extension driving 44% of market revenues, according to consulting firm Northern Sky Research.
Low Earth orbit satellites, which contribute the most to space traffic, are less likely to be insured, Kunstadter told CBN.
Satellite operators with expensive satellites, such as Carlsbad, Calif.-based Viasat (NYSE: VSAT) with its recently compromised ViaSat-3 and Inmarsat-6 F2 geostationary satellites, can struggle to obtain sufficient coverage from a single insurer, which makes it critical for operators to be able to repair a satellite on orbit instead of having to build and launch a new one, Kunstadter said in a recent statement.
The Connectivity Next Summit 2023 is the only event to delve deeply and holistically into satellite connectivity’s future with an aim to help satcom professionals identify better strategies for growth and profitability.