While the effects of space debris work on a much slower timescale than a nuclear fission reaction, once it reaches critical mass there is no way to stop the number of collisions from exploding out of control. Let's take a look at our current space debris situation.
Earth's orbits, by NASA estimates, already carry over 100 million objects. Whilst the Celestrak boxscore shows nearly 6,500 space launches spanning 60+ years, the NASA historical report shows over 400 debris generating events. Not to mention that 19% of tracked space objects reside in or pass through Medium Earth Orbit (MEO), where GPS and other GNSS constellations are situated. The same GPS that benefit the private sector by $1.4T from 1985 to 2017 and where a disruption could have cost up to $1B per day. Today, the economic impact would certainly be higher to our $27.7 trillion U.S. Gross Domestic Product, underscoring its critical role in economic stability and national security.
Alarmingly, in the next 8 years, this tragic legacy shall be eclipsed as 17 times more space missions are slated for launch. The White House has reactively published a STM Policy and an Orbital Debris R&D Plan. Meanwhile, Space Force generals have explicitly stated their strategy to outsource debris removal, while the Office of Space Commerce has reiterated the economic urgency to Congress. Yet, according to NASA’s OIG Orbital Debris Audit, NASA has achieved little to no progress and lacks the initiative and urgency to lead development or acquisition of Active Debris Removal technology, despite Congressional and Presidential directives.
As this recipe for disaster begins to emerge, how are investors in the estimated future $3T global space economy going to react when space objects collide or fall from the sky more frequently? What will you do if your phone, or other internet device, lost connectivity, messaging, weather reports, navigation, TV, video conferencing, banking, ATM, credit card? What if the power grid went down temporarily? Do you have a plan? Tick, tick, tick.
For nearly half a century, the brightest minds have slowly crept toward Space Traffic Management (STM) and orbital debris solutions, without the primary requirement...MONEY. Here's how we get it...lots of it.
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