Technology
Space Wars: The Private Sector Strikes Back
Space Wars: The Private Sector Strikes Back
Government agencies such as NASA have been the brains behind space exploration for decades with much success. Such agencies put the first man in space, landed on the moon, and built the first reusable space vessel.
However, since the private venture behind SpaceShipOne won the $10 million Ansari X Prize in 2004 for its series of manned flights, a new age of space exploration has begun.
In fact, many companies in the private sector have started to achieve great milestones. Our infographic today, created by Visual Capitalist, documents the companies in space that are now vying for space supremacy.
The Old Guard
Rooted in the lucrative government space contracts of the past, the Old Guard consists primarily of defense and aerospace behemoths such as Boeing, Lockheed Martin, and Orbital Sciences.
To put things in perspective, United Launch Alliance (ULA), a joint venture between Boeing and Lockheed formed in 2006, charges the US Air Force a $1 billion retainer just to be “ready” to launch a satellite into space. To actually launch a satellite is another $380 million more.
Seeing this stagnant situation as a business opportunity were tech billionaires such as Jeff Bezos, Elon Musk, and Richard Branson, who have helped form The New Guard.
The New Guard
The price tag that is advertised for a launch of the Falcon 9 with SpaceX right now is $57 million. Compared to ULA prices above, this is a meaningful step in market disruption. It’s only the beginning.
Companies like Planetary Resources and Deep Space Industries plan to harvest asteroids in space for water and metals such as PGMs (platinum group metals). Richard Branson’s Virgin Galactic plans to bring super rich tourists to experience space in coming years for $250,000 a pop.
However, space isn’t for the faint of heart. Recent accidents in 2014 have made clear the elements of human and financial risk that space flight brings. In October, Orbital Sciences’ unmanned Antares rocket exploded over Virginia. A few days later, Virgin’s manned test flight of the SpaceShipTwo ended in calamity with one death and one serious injury to test pilots.
These challenging realities are part of embarking to new frontiers. So far, such incidents and risks have not deterred companies from their endeavours yet. Which companies will succeed in their quests in this new industry?
The truth is out there.
Other Infographics
Technology
Ranked: Semiconductor Companies by Industry Revenue Share
Nvidia is coming for Intel’s crown. Samsung is losing ground. AI is transforming the space. We break down revenue for semiconductor companies.
Semiconductor Companies by Industry Revenue Share
This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.
Did you know that some computer chips are now retailing for the price of a new BMW?
As computers invade nearly every sphere of life, so too have the chips that power them, raising the revenues of the businesses dedicated to designing them.
But how did various chipmakers measure against each other last year?
We rank the biggest semiconductor companies by their percentage share of the industry’s revenues in 2023, using data from Omdia research.
Which Chip Company Made the Most Money in 2023?
Market leader and industry-defining veteran Intel still holds the crown for the most revenue in the sector, crossing $50 billion in 2023, or 10% of the broader industry’s topline.
All is not well at Intel, however, with the company’s stock price down over 20% year-to-date after it revealed billion-dollar losses in its foundry business.
Rank | Company | 2023 Revenue | % of Industry Revenue |
---|---|---|---|
1 | Intel | $51B | 9.4% |
2 | NVIDIA | $49B | 9.0% |
3 | Samsung Electronics | $44B | 8.1% |
4 | Qualcomm | $31B | 5.7% |
5 | Broadcom | $28B | 5.2% |
6 | SK Hynix | $24B | 4.4% |
7 | AMD | $22B | 4.1% |
8 | Apple | $19B | 3.4% |
9 | Infineon Tech | $17B | 3.2% |
10 | STMicroelectronics | $17B | 3.2% |
11 | Texas Instruments | $17B | 3.1% |
12 | Micron Technology | $16B | 2.9% |
13 | MediaTek | $14B | 2.6% |
14 | NXP | $13B | 2.4% |
15 | Analog Devices | $12B | 2.2% |
16 | Renesas Electronics Corporation | $11B | 1.9% |
17 | Sony Semiconductor Solutions Corporation | $10B | 1.9% |
18 | Microchip Technology | $8B | 1.5% |
19 | Onsemi | $8B | 1.4% |
20 | KIOXIA Corporation | $7B | 1.3% |
N/A | Others | $126B | 23.2% |
N/A | Total | $545B | 100% |
Note: Figures are rounded. Totals and percentages may not sum to 100.
Meanwhile, Nvidia is very close to overtaking Intel, after declaring $49 billion of topline revenue for 2023. This is more than double its 2022 revenue ($21 billion), increasing its share of industry revenues to 9%.
Nvidia’s meteoric rise has gotten a huge thumbs-up from investors. It became a trillion dollar stock last year, and broke the single-day gain record for market capitalization this year.
Other chipmakers haven’t been as successful. Out of the top 20 semiconductor companies by revenue, 12 did not match their 2022 revenues, including big names like Intel, Samsung, and AMD.
The Many Different Types of Chipmakers
All of these companies may belong to the same industry, but they don’t focus on the same niche.
According to Investopedia, there are four major types of chips, depending on their functionality: microprocessors, memory chips, standard chips, and complex systems on a chip.
Nvidia’s core business was once GPUs for computers (graphics processing units), but in recent years this has drastically shifted towards microprocessors for analytics and AI.
These specialized chips seem to be where the majority of growth is occurring within the sector. For example, companies that are largely in the memory segment—Samsung, SK Hynix, and Micron Technology—saw peak revenues in the mid-2010s.
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