Recently, several constellations of broadband low‐Earth orbit communication satellites, such as Starlink or OneWeb, have started to be deployed to provide global internet access. Based on performed analyses, these emerging constellations are considered promising candidates as space‐based transmitters of opportunity for passive radar applications due to their advantageous characteristics in terms of global coverage, high bandwidth (i.e. better resolution), high received power on Earth surface (i.e. increased maximum range), predictable trajectory, and network density and robustness. However, they also pose certain challenges for the development of passive radar systems due to the necessity to track the satellites with a narrow beam reference antenna, their fast‐relative dynamics which induce range and Doppler migration, and the use of non‐standardised signals with little publicly available information, which in addition are not optimised for radar usage. In this article, these capabilities and challenges are analysed, putting a special focus on the estimation of the achievable performance and on the experimental characterisation of the transmitted signals. To this end, the proposed passive radar architectures and the first developed prototypes are also presented. Showing the potential capabilities of these emerging illuminators of opportunity, the authors aim to promote further development of this technology for multiple applications.