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DateInvestorsAmountRound

$1.0m

Seed

$10.0m

Series A
*

N/A

Acquisition
Total FundingCAD15.0m

Recent News about Effective Space

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Effective Space Solutions Ltd., operating under the brand name Astroscale, is a pioneering company in the space industry focused on providing on-orbit satellite servicing and debris removal solutions. The company primarily serves satellite operators and governmental space agencies, addressing the critical issue of space debris and extending the operational life of satellites.

Astroscale operates in the low Earth orbit (LEO) and geostationary orbit (GEO) markets, which are crucial for communication, navigation, and Earth observation services. The business model revolves around offering services that include debris removal, satellite life extension, and in-orbit maintenance. These services are essential for maintaining the sustainability of space operations and preventing collisions that could generate more debris.

Revenue is generated through contracts with satellite operators and space agencies, who pay for the removal of defunct satellites and debris, as well as for the extension of the operational life of their existing satellites. This not only saves costs associated with launching new satellites but also mitigates risks related to space debris.

Astroscale's innovative technology and services position it as a leader in the emerging market of space sustainability, making it a critical player in ensuring the long-term viability of space activities.

Keywords: space debris, satellite servicing, orbital sustainability, LEO, GEO, satellite life extension, space industry, debris removal, space operations, Astroscale.

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