Bengaluru-based Aule Space is building a jetpack that docks with satellites after they run out of fuel, extending their lives by a few years; August started on a positive note driven by the $120 million deal of River Mobility and this is a welcome relief for the ecosystem.
Aule Space built a spacecraft extending geostationary satellite life by five years; raised $2M pre-seed for the $5.5B on-orbit market. With ~25 geostationary satellites depleting fuel yearly and replacement costing hundreds of millions, Aule targets a high-value market where in-orbit servicing cuts capex.
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As thousands of satellites and rocket parts crowd Earth’s orbit, space debris is becoming both an environmental and business challenge.
A growing number of companies are now betting on a new market for removing debris and servicing satellites in orbit, though the industry remains nascent and reliant on government contracts and funding.
We talk a lot about food waste as a climate problem.
But there’s another problem hiding in the compost bin: plastic.
This Bengaluru startup wants to give ageing satellites a 'power bank' in space
How cleaning up space debris could grow to become a big business
Young Indian start-ups take on challenges of space
Spacetech Startups: Investors on a new mission: Funding spacetech startups - The Economic Times
