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UK Space Agency Awards £75.6 Million Contract for Space Debris Removal to ClearSpace
Jul 11, 2025•11 months ago
Contract Type
contract
LausanneSatellite CommunicationDescription
The UK Space Agency has launched a £75.6 million initiative to remove defunct satellites, marking its first active debris removal mission. The contract is aimed at capturing and deorbiting two UK-licensed satellites by the end of 2028, promoting investment and job creation in the space sector.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months