Non-GEO satellites were being hailed as the means that would bring connectivity to the masses. Anyone, it was said, would be able to buy a portable telephone that would allow them, no matter where they might be, to call or be called by anyone else in the world. In the early 1990s, there were predictions that, by now, literally many hundreds of new non-geostationary communications satellites would be in orbit. Furthermore, people all over the world would also be able to buy an inexpensive satellite terminal that would allow them to access the Internet with a broadband connection, at prices on par with or even far below what the terrestrial competition would be able to offer. Many companies were set up to compete to establish this “Nirvana of Communications.” To do so, however, the companies in question would have to attract sufficient financial backing from investors to actually begin such an undertaking. Surprisingly, at least in retrospect, a tremendous amount of investment capital was forthcoming, and a number of contracts were awarded to manufacturers to develop the requisite satellite systems. Today, almost a decade later, satellite manufacturers and their suppliers have been subjected to a massive belt-tightening exercise as contracts were cancelled and expected future orders were not forthcoming. The launch vehicle industry, which had geared up to meet the bonanza of expected launch orders, is also going hungry. Where are all the proposed systems? This paper will attempt to answer this question, as well as to provide some insight into why the systems that are no longer with us fell by the wayside. Finally, it will look into the future and try to predict what the long-term prospects might be for non-GEO communication satellites in general.