Satellite industries in Puerto Rican markets are seeing significant growth in recent years.
This growth comes at a time when Puerto Rico is under economic stress and with an economy struggling to recover from a devastating storm, which has killed more than 1,500 people and displaced over 1 million, according to the U.S. Geological Survey.
In 2016, satellite companies in Puerto Ricos territory reported an average annual revenue of $1.7 billion, an increase of $200 million over 2015, according the Puerto Rico Space Council.
Satellite companies in the United States also continue to expand and hire.
Satellite leasing companies in California and Nevada, for example, are seeing their revenue grow by more than 3 percent in 2016.
Meanwhile, the satellite industry in Puerto Rica has grown at a much slower rate than in the U .
According to the Puerto Rican Space Council, satellite leasing is the fastest growing industry in the country.
And as the U., Puerto Rico’s sole remaining commercial satellite provider, is experiencing unprecedented demand, the island is now home to the largest satellite fleet in the world, according a 2017 report from Spaceflight, an industry-backed research group.