CAPE CANAVERAL — A startup has successfully docked a refueling pod with a 10-year-old weather satellite, extending its life by another decade. This marks the beginning of the “Circular Space Economy.”
The Strategic Shift Until now, satellites worth $500M were simply abandoned when they ran out of fuel, becoming dangerous space junk. By 2026, on-orbit servicing is expected to become a $4 billion industry. This isn’t just about cleaning up space; it’s about making space infrastructure permanent rather than disposable.
Forecast Highlights:
- Cost Savings: Companies will save 70% by refueling instead of launching new satellites.
- Insurance Impact: Satellite insurance premiums are expected to drop as “recovery missions” become possible.
- New Tech: Robotic “tugboats” will become the most valuable assets in Low Earth Orbit.
Summary: As we move toward 2030, the ability to maintain assets in orbit will define which nations dominate the space economy.