For observers of today’s commercial satellite market, Gene Jilg might be seen as a canary in a coal mine. If critics of satellite operator ownership by private-equity companies are right, it’s people like Jilg who could be among the first to go as part of a broad cost-cutting program.
In 2002 many of Wall Street’s biggest investment-banking firms reduced or eliminated their coverage of the satellite industry. The long-expected proliferation of stock offerings was not occurring , the industry’s growth was stagnating and some of the promising business areas had flopped as investment opportunities.
Laser-Optical Payload Proposed for TerraSAR-X