Orbit Fab’s geostationary orbit (GEO) fuel shuttle will supply Astroscale’s fleet of on-orbit life extension vehicles with up to 1,000 kilograms of fuel (xenon propellant). The agreement is “take-or-pay”…
A market for in-space manufacturing and assembly (ISMA) and on-orbit services (OOS) is currently shaping which could reach several billions of dollars, with valuations ranging from US$ 3 billion (SpaceTec Partners, NSR 2019) to US$ 6.2 billion (NSR, 2020).
But there are also other lucrative markets connected to the space industry, such as space debris removal services, or satellite servicing companies, which refuel or repair space satellites while in orbit. According to a report from Northern Sky Research this could become a $3.2 billion market opportunity by 2030.
Tom Wilson, vice president and general manager for Northrop Grumman and president of SpaceLogistics LLC cites NSR in his discussion of MEV revenue potential.. “If you look at reports from the likes of NSR, there is strong potential for business in this market once this technology has been proven”. This market can begin to take.
Space Situational Awareness (SSA), the commercialized service of monitoring orbit and warning operators, maybe the best market response to this litter challenge. Yet, while the risk and opportunity grow daily, the SSA market lags. NSR’s In-Orbit Servicing & Space Situational Awareness Markets, 4th Edition (IoSM4) report forecasts SSA services to grow from just $2 million to $282.