You too may one day have your own satellite

The Space Race, launched more than 60 years ago, kickstarted an unprecedented boom in travel and communications beyond our planet.

But it was a realm only available to national governments with multibillion-dollar budgets. Private industry has now taken over the sector, making personal satellite ownership a fast-approaching reality for consumers.

Space Exploration Technologies and Foxconn Technology Group are working with lesser-known startups like Neumann Space and Exolaunch to drastically reduce the cost of building, launching and operating satellites.