Astroscale Brings Total Capital Raised to U.S. $191 Million, Closing Series E Funding Round

The additional investment makes Astroscale the most funded on-orbit servicing company globally and most funded space venture in Japan.

TOKYO, October 13, 2020 (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market-leader in securing long-term orbital sustainability, today announced it has closed its Series E round with additional funding of U.S. $51 million from a group of investors led by aSTART Co., Ltd. (“aSTART”). This latest round brings the total investment raised to U.S. $191 million and makes Astroscale the most funded on-orbit services and logistics company globally and most funded space venture in Japan.

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Why UK is Backing its Leading Space Scientists to Clean up the Cosmos

Alok Sharma

by Alok Sharma
Secretary of State for Business, Energy and Industrial Strategy (BEIS)

On 2 July 2018, a £100 million satellite called CryoSat-2 was completing its daily rounds of monitoring ice caps back on Earth from an orbital vantage point 700 kilometres above us, when mission controllers spotted a chunk of space debris hurtling towards it at 17,000 miles per hour.

To avert a potentially catastrophic collision, engineers fired up CryoSat’s thrusters and moved it out of harm’s way. This near miss was not the first, and it will not be the last.

An estimated 20,000 pieces of space debris, better known as ‘space junk’; are whizzing around the Earth as you read this. This includes zombie satellites and whole junkyards’ worth of whirling fragments left over from space missions.

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Government Backs UK Companies Tackling Dangerous Space Junk

Distribution of space debris around Earth (Credit: ESA)

Seven UK companies have been awarded a share of over £1 million [$1.3 million] to help track debris in space

  • Currently there are approximately 160 million objects in orbit – mainly debris – which could collide with satellites vital to services we use every day
  • UK Space Agency and Ministry of Defence sign formal agreement to work together on monitoring threats and hazards in orbit

SWINDON, UK (UK Space Agency PR) –Seven pioneering projects which will develop new sensor technology or artificial intelligence to monitor hazardous space debris, have been announced today by the UK Space Agency.

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Astroscale U.S. Appoints Carolyn Belle as Director, Advanced Systems, and Rob Staples as Program Manager

DENVER, July 29, 2020 (Astroscale U.S. PR) – Astroscale U.S. Inc., (“Astroscale U.S.”), the U.S. unit of Astroscale Holdings Inc., the market leader in securing long-term orbital sustainability, today announced that Carolyn Belle and Rob Staples have joined Astroscale U.S. Belle is serving as Director, Advanced Systems as of July 2020, and Staples is serving as Program Manager as of June 2020.

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Astroscale U.S. Appoints Becky Yoder as Senior VP for Finance and Business Operations

DENVER, July 9, 2020 (Astroscale PR) – Astroscale U.S. Inc., (“Astroscale U.S.”), the U.S. unit of Astroscale Holdings Inc., the market leader in securing long-term orbital sustainability, today announced that Becky Yoder, an experienced and highly respected space industry professional, has joined the Astroscale U.S. management team. Ms. Yoder is serving as Senior Vice President for Finance and Business Operations as of June 2020.

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Astroscale U.S. Enters the GEO Satellite Life Extension Market

DENVER, June 3, 2020 (Astroscale PR) – Astroscale U.S. Inc., the U.S. unit of Astroscale Holdings Inc., the market leader in securing long-term orbital sustainability, today announced it has entered into a definitive agreement to acquire the intellectual property and other assets and to hire certain members of the staff of Effective Space Solutions R&D Ltd. (“ESS”), an Israeli satellite life-extension and servicing company.

These moves make Astroscale the only company solely dedicated to on-orbit services across low-earth (“LEO”) and geostationary (“GEO”) orbits and bring the company closer to realizing its vision of orbital sustainability for future generations. The closing of the transaction is contingent upon receipt of certain regulatory approvals and other customary closing conditions.

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UK Commits New Funding to Combat Space Debris

New government funding for innovative solutions to tackle the growing problem of potentially hazardous space debris, has been announced today.

SWINDON, UK (UK Space Agency PR) — There are an estimated 900,000 pieces of space debris larger than 1 cm orbiting the Earth, with only a small proportion of them tracked.

The UK Space Agency is providing up to £1 million for organisations to come up with smart solutions to this problem by using cost effective ways to monitor objects in low Earth Orbit, or applying artificial intelligence to make better use of existing orbital data.

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Astroscale Opens Series E Funding Round, Secures First Investor

TOKYO (Astroscale PR) — Astroscale Holdings Inc., a market-leader in developing technology and services to remove space debris and secure long-term orbital sustainability, announced on 18 May 2020 that it has opened a Series E funding round and has secured I-NET CORP., a leading Japanese data center provider, as its first investor for an undisclosed amount.

The additional financing will be used to broaden Astroscale’s current business services and achieve the company’s mission of securing a sustainable orbital environment.

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Astroscale, Northumbria University Sign MOU to Advance End-of-Life Practices for Satellites

TOKYO, May 4, 2020 (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market-leader in developing technology and services to remove space debris and secure long-term orbital sustainability, today announced it has signed a Memorandum of Understanding with Professor Chris Newman, Professor of Space Law and Policy at Northumbria University, Newcastle, to collaborate on investigating end-of-life standards and practices from various industries, such as oil and nuclear energy. The project will highlight the need for shared knowledge from such decommissioning initiatives which can be applied to the satellite industry, encouraging responsible behavior in space and improving space environmental protection.

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Astroscale U.S. Appoints Dave Fischer as Business Development VP, David Hebert as Communications Director

Denver, Colo,, USA, April 21, 2020 (Astroscale PR) – Astroscale U.S. Inc., (“Astroscale U.S.”), the U.S. unit of Astroscale Holdings Inc., the market leader in developing a service to remove space debris and secure long-term orbital sustainability, today announced that Dave Fischer and David Hebert, two experienced and highly respected space industry professionals, will join the Astroscale U.S. management team. Fischer joins the company as Vice President of Business Development and Advanced Systems, and Hebert joins as Director of Communications with appointments effective as of March 2020.

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Astroscale Selected as Commercial Partner for JAXA’s Commercial Removal of Debris Demonstration Project

TOKYO, February 12, 2020 (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market-leader in developing technology and services to remove space debris and secure long-term orbital sustainability, today announced it has been selected as the commercial partner for Phase I of the Japan Aerospace Exploration Agency’s (JAXA) first debris removal project, a groundbreaking step by Japan to commercialize space debris removal.

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Astroscale Awarded Up To US $4.5 Million Grant From Tokyo Metropolitan Government

End-of-Life Service by Astroscale demonstrator (ELSA-d) satellite. (Credit: Astroscale UK Ltd)

TOKYO, January 23, 2020 (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market-leader in developing technology and services to remove space debris and secure long-term orbital sustainability, today announced it has been awarded a grant of up to US $4.5 million from the Tokyo Metropolitan Government’s “Innovation Tokyo Project” to build a roadmap for commercializing active debris removal (ADR) services.

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Surrey Satellite Ships Target Satellite for Astroscale End of Life Mission

Target satellite for the ELSA-d mission. (Credit: Surrey Satellite Technology)

GUILDFORD, UK (Surrey Satellite PR) — Surrey Satellite Technology Ltd (SSTL) has shipped a 16kg Target satellite for Astroscale’s End-of-Life Services by Astroscale demonstration (ELSA-d) mission to Tokyo, where it will be bolted to the Chaser satellite for environmental testing ahead of launch in 2020. 

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Astroscale Advances Environmentally Sustainable Use of Space through ESA / OneWeb Sunrise Project

End-of-Life Service by Astroscale demonstrator (ELSA-d) satellite. (Credit: Astroscale UK Ltd)

HARWELL, UK (Astroscale PR) – Astroscale Ltd. (“Astroscale”), the market-leader in developing a space debris removal service to secure long-term orbital sustainability, has been awarded a contract under the Sunrise Project, a Public-Private Partnership led by the European Space Agency (ESA) and OneWeb, a global communications company on a mission to connect the unconnected through a global satellite constellation.

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Astroscale Raises $30 Million Series D Round, Opens U.S. Office

End-of-Life Service by Astroscale demonstrator (ELSA-d) satellite. (Credit: Astroscale UK Ltd)

DENVER, April 10, 2019 (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market-leader in developing a space debris removal service to secure long-term orbital sustainability, today announced the opening of a new office in Denver, Colorado (“Astroscale U.S.”), adding a strategic United States base to already established entities in Singapore, Japan and the United Kingdom. In concert with the expansion of its global presence, Astroscale has solidified its leadership team and secured an additional US $30 million in an extension of its Series D investment round. The funding extension round brings the total Series D amount to US $80 million and total capital raised to US $132 million.

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