Insider Brief
- ClearSpace has launched the consolidation phase of its GEO Life Extension Mission, supported by Luxembourg’s LuxIMPULSE program under an ESA contract.
- The mission aims to dock with and extend the life of geostationary satellites nearing retirement between 2028 and 2030, marking a key step in advancing in-orbit servicing beyond debris removal.
- With €36 million in total funding, including investments from OTB Ventures and the Luxembourg Future Fund, ClearSpace is positioned to lead in space sustainability and long-term orbital management.
PRESS RELEASE – ClearSpace has initiated the consolidation phase of its new GEO Life Extension Mission, with support from the Government of Luxembourg through an ESA Contract in the Luxembourg National Space Program, LuxIMPULSE, implemented by the Luxembourg Space Agency.
The mission reflects a key step in ClearSpace’s ongoing commitment to sustain space practices, focusing on the growing need to manage aging satellites and ensure the long-term health of space environments. The mission is set to dock with and extend the operational life of GEO satellites nearing retirement between 2028 and 2030. This pivotal first step advances ClearSpace’s vision to expand in-orbit servicing (IOS) beyond debris removal—an essential capability for ensuring long-term space sustainability.
ClearSpace’s growth has been fueled by strong financial backing, with key investments from OTB Ventures and the Luxembourg Future Fund (LFF). A recent €5.5 million Series A+ round has boosted total funding to €36 million, reinforcing the company’s ability to lead in space sustainability. With this solid financial foundation and transformational missions in development, ClearSpace is poised to drive innovation and push the boundaries of orbital debris removal and in-orbit servicing.
The mission highlights Luxembourg’s commitment in advancing space technologies and also benefits from the ongoing collaboration with the European Space Agency (ESA). ClearSpace looks forward to the continued growth and success as it works alongside both public and private partners to address global challenges and redefine the future of space operations.
