ClearSpace Secures Funding to Extend GEO Satellite Lifespans, Promoting Sustainable Space Operations by 2028-2030

ClearSpace is furthering its commitment to sustainable space operations by developing technology to extend the lifespans of GEO satellites slated for retirement between 2028 and 2030. The mission involves docking with these satellites to prolong their operational use, addressing the growing issue of space debris. ClearSpace has garnered financial backing, including investments from OTB Ventures and the Luxembourg Future Fund. A Series A+ funding round recently secured €5.5 million, bringing the total capital to €36 million. This funding supports ClearSpace's innovations in in-orbit servicing and underscores Luxembourg's role in advancing space technology, in collaboration with the European Space Agency. ClearSpace aims to work with public and private partners to reshape the future of space operations.