Reality Rating

Satellite Servicing Database

Satellite Servicing Database

This is the fourth installment of our  SpaceFund Reality (SFR) ratingfocused on satellite servicing. 

If you haven’t already, please consult our SpaceFund Reality (SFR) ratings page to learn more about the rating, its purpose, and the underlying formula, as well as to view a complete list of the SpaceFund sectors of interest. 

Due to Earth’s insatiable need for information and communication, up to 50,000 new satellites will be deployed in the next decade. While many will be small, disposable micro-satellites, the need for larger high-powered systems will also increase. Until now, these have been designed to run on only the fuel they carried when launched, had to stay in the position where they were initially deployed, and when out of propellant, or if struck by a malfunction, had to be abandoned.

A new service and supply industry is being born to provide propellant, parts, and repairs, as well as the ability to move satellites into different orbits. Tow trucks, gas stations, and robotic space mechanics will not only extended the life of space assets, they will also be the basis for an entirely new space economy built on the core frontier tenets of re-use, recycling, re-supply and re-purposing. 

The full gamut of the in-space supply chain will develop in the coming 5 – 7 years, and is expected to be worth $10s of Billions by the end of the decade. The first experimental systems have already flown, and traditional satellite operators and builders are already incorporating on site serviceability and re-fueling capability into their fleets. Some of these service providers are already signing contracts with fleet owners for future servicing missions. 

While satellite servicing is an interesting and exciting new industry, SpaceFund believe it is just the first step in the developing in-space supply chain. Satellite servicing spacecraft will need spare parts and tools to complete emergency missions or correct equipment failures. This creates a business case for 3D printing in space. Servicing spacecraft will need to be reusable, which means refueling. They will also want to refuel their customers. This creates a business case for fuel depots in space. And once there are fuel depots in orbit, the economics of Moon and asteroid mining start to make sense. Eventually, these early stage and near term practical cases will set the stage for on orbit manufacturing of hardware to be used in space, along with creating a market and technology to support the development of a space resource based economy.

From SpaceFund’s perspective, the satellite servicing industry is a significant and important step towards building an in-space economy. This first step in the supply chain will lead to the creation of many other business models and technologies. New products and services will emerge to fill the needs of a growing base of customers in LEO. We believe smart investors will place their bets on many of these companies, as alternatives to and beneficiaries of the over saturated launch industry.

The skill sets and technical-economic interactions established in this first wave of on site, in space servicing will prove the case for and shift the demand curve towards self-sufficiency on the frontier. These same elements form the baseline needed to support human presence, when taken to scale. Thus, by starting with the fulfillment of a near term and practical market need, brilliant entrepreneurs are laying the foundation for both the space industrial revolution and the human settlement of the solar system.

Special thanks to the team at OrbitFab for their help in developing this database. 

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Important Note (Alpha Sort Columns vs Numeric Sort Columns): In the target launch column, any figure listed as a “0” is simply a placeholder for unavailable data. This is due to the nature of this table format, and to ensure that the columns sort properly, a numeric character must be included in each cell. 

The Funding column is set to sort alphabetically. Since this column contains alphabetic characters in some cells, it will sort alphabetically, not numerically and so the “-” character has been used to represent unavailable data. All other columns in the table will also sort alphabetically.

Important Note (Companies not Products): This database, and the SpaceFund Reality ratings, are based on COMPANIES, not specific products or technologies.


How to Provide Updated Data

Have we missed your company? Do you feel that your company should have a different rating? Is the listed data inaccurate or outdated? Do you see missing data for your company? The best way to update your information in this database is to reach out to us directly to provide additional information about your technology, management team, funding history, and company progress. We are also eager to learn about any additional data sources that can help us in our ongoing research, so please feel free to share any resources you know of with our team.

Updates will be published on approximately a monthly basis.  

SpaceFund Reality (SFR) Rating

Satellite Servicing Database

Last Update: 25 April 2022

wdt_ID Company SFR Category Altitude Funding ($M) Target First Launch Country HQ Location Description
400 Hyoristic Innovations 1 Debris Mitigation LEO - - India Chennai Developing solutions to mitigate space debris with the vision of sustainable and collision-free space
401 Orbit Recycling 1 Debris Mitigation LEO - - Germany Berlin Relocating debris in LEO to be recycled on the lunar surface
402 Orbitaid Aerospace 1 Robotic Servicing LEO - 2023 India Bangalore, Karnataka Developing dynamic platformfor on-orbit refueling and servicing
403 Future Space Industries 0 Debris MItigation LEO - - Switzerland Geneva Aiming to provide reliable, fast and low cost cleaning services of the space debris currently polluting LEO
396 Exodus Space Systems 2 Debris Mitigation LEO - - Australia Perth, Western Australia Providing ad-hoc and general active debris removal services
397 High Earth Orbit Robotics 2 Asset Monitoring HEO - - Australia Sydney, New South Wales On-demand, optical observation of space objects that matter in space, from space
398 OrbitOn 1 Robotic Servicing GEO, LEO - - USA Pleasanton, CA Developing an on-orbit satellite servicing solution
399 Prometheus Space Technologies 1 Debris Mitigation LEO - - Greece Athens Providing active debris removal services
372 SpaceLogistics (Northrop Grumman) 9 Life Extension/Orbit Adjustment; Robotic Servicing GEO Public Launched (2019) USA Falls Church, VA Providing cooperative in-orbit satellite servicing to geosynchronous satellite operators using a fleet of commercial servicing vehicles
373 Astroscale 8 Debris Mitigation; Life Extension/Orbit Adjustment GEO, LEO 300 Launched (2021) Japan Tokyo Developing technologies to facilitate active debris removal and life extension services
Company SFR Category Altitude Funding ($M) Target First Launch Country HQ Location Description

SpaceFund Sectors of Interest

SpaceFund is interested in a number of sectors of the space economy, specifically Transportation, Communication, Human Factors, Supplies, and Energy. In the coming months we will post SFR ratings for companies from all of these sectors, providing a robust overview of the state of frontier-enabling companies across the industry. Please check back frequently to view new sub-sector databases, and sign up to receive our emails to be notified of each new release.

Click on the black buttons below to view the available SFR databases.