Over the last decade or so the definition of what a ‘small satellite’ is has ballooned beyond the original cubesat design specification to satellites of 50 or 100 kg. Today a ‘smallsat’ is defined far more around the cost, and sometimes the technologies used, than the size and shape of the box that goes into orbit.
There are now more than fifty companies working on launch vehicles dedicated to lifting these small satellites into orbit, and while nobody really expects all of those to survive the next few years, it’s going to be an interesting time in the launcher market. Because I have a sneaking suspicion that Jeff Bezos’ statement that “there’s not that much interesting about cubesats” may well turn out to be the twenty first century’s “nobody needs more than 640kb,” and it’s possible that everybody is wrong about how many of the launcher companies will survive in the long term.