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The market for low Earth orbit satellite launches will continue to grow due to a dramatic reduction in the costs associated with launches and an uptick in interest in exploring low Earth orbit, according to AXA Xl. (Photo: cristimatei/iStockphoto)

Editor’s Note: PropertyCasualty360.com is committed to providing our readers with the latest insurance news and information. To that end, we are now publishing select stories in both English and Spanish. To read this article in Spanish, please click here

Last year, as we on Earth grappled with the effects of a global pandemic, there was no pause in the number of satellites being launched into space. Indeed, the volume of launches into low Earth orbit was the highest since 1990 at 95, and this is set to grow exponentially over the coming years.

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