What Happened
Orbital Junk Removal And Servicing Satellites May Drive New Market
A growing number of companies, including Astroscale and ClearSpace, are betting that cleaning up space debris and servicing satellites could become a significant business. With thousands of satellites and debris orbiting the Earth, the risk of collisions is increasing, and the need for debris removal services is becoming more pressing. According to experts, the amount of debris in orbit will continue to grow even if no new satellites are launched, making it essential to develop effective removal strategies. This development was reported by CNBC.