The rise of non-geostationary satellite megaconstellations has rapidly increased global rocket launches, with a record 263 in 2024. Most launches now serve small-satellite constellations, driven by private companies and reusable rocket technology, which have lowered costs and expanded access. New commercial space firms worldwide are developing rockets of all sizes, and sea-based launches are growing, especially in China. The industry is valued at $13.6 billion and continues to grow quickly, with thousands of new satellites expected in the coming years and more countries building their own launch capabilities.