MEV-2 is also not moving its satellite to a different orbit like MEV-1 did; instead it will act as a new engine and fuel tank to extend the spacecraft’s life. Demand for GEO life extension missions will grow to 75 satellites by 2030, according to a recent Northern Sky Research (NSR) forecast, representing a $3.2.
Last month, Spaceflight Inc. launched 16 payloads on board its Orbital Transfer Vehicle (OTV), Sherpa-FX-1 on a SpaceX rocket to deliver them to a precise orbits, a first in LEO SSO orbit. And soon, a 2nd MEV from Northrop Grumman will latch on the Intelsat 10-02, solidifying the In-Orbit Servicing Market for Life Extension missions.
A report by Northern Sky Research (NSR) forecasts that in orbit satellite servicing could be a cumulative $4.5 billion business by 2028. These ‘space tugs’ (more officially called ‘Life Extension Vehicles’ or In-Orbit servicing’) are planned to be launched in order to ‘rescue’ a failing satellite.