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Blue Skies Space, based in London, builds satellites for businesses. They compete with companies that either purchase satellites from manufacturers or produce their own with limited resources. Challenges include project delays, higher costs, and outdated technology. Without clear differentiators, it is difficult to see how Blue Skies Space stands out in the market. Despite these issues, support from investors like SPARX Group and SFC Capital signals confidence in their ability to navigate and innovate in the competitive satellite manufacturing sector.