The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

Oxford's Astroscale joins other pioneers to show its commitment to sustainable space development

Share
Nick Shave, managing director of Astroscale UK signs the statement for a responsible space sector - picture contributed
Nick Shave, managing director of Astroscale UK signs the statement for a responsible space sector - picture contributed

Oxford's Astroscale Ltd is teaming up with European space organisations, who are on a mission to make space cleaner and more sustainable for future generations.

The tech group has inked, alongside 23 other signatories, a so-called 'statement for a responsible space sector', which was described as a "significant" move towards the future of sustainable space.
Other distinguished organisations included Arianespace, NOSA, PT Space, Kayrros, Absolut Group, and POLSA.

Nick Shave, managing director of Astroscale UK, said: "By signing the Statement for a Responsible Space Sector, Astroscale demonstrates our commitment to the safe and sustainable development of space.

READ MORE: Astroscale opens Oxfordshire facility to build space debris removal craft

"We are proud to join forces with other like-minded European space organisations in championing a responsible and forward-thinking space sector. Together, we are pushing the boundaries of space innovation while prioritising the well-being of our planet for future generations.

"By uniting with other visionaries in the field, Astroscale sets a powerful precedent for the responsible management and stewardship of our space environment."

Founded a decade ago, Astroscale is developing solutions across the spectrum of on-orbit servicing, including life extension, in-space situational awareness, active debris removal, to create sustainable space systems and mitigate the growing and hazardous build-up of debris in space.

Space debris is described as defunct human-made objects in space, mainly in Earth's orbit, which no longer serve any useful function.

It includes derelict spacecraft and abandoned launch vehicle stages, fragmentation debris from the breakup of derelict rocket bodies and spacecraft.

In September last year, Astroscale opened its new Zeus satellite manufacturing and operations facilities on Oxfordshire’s Harwell science and innovation campus.

The new facility will enable the firm to manufacture satellite debris removal servicer satellites, while rapidly developing its commercial offering in future, contributing to the growing UK space industry. The sector has quadrupled in size since 2000.

The UK continues to be a leader in both the policy and technology development for space debris removal and sustainability.

In September last year, Dr Paul Bate, chief executive of the UK Space Agency, had said: "With nearly 5,000 operational satellites and over 30,000 pieces of trackable debris, the ability to operate safely in space is growing increasingly challenging.

"The UK is leading efforts to make space more sustainable and we’re backing companies, such as Astroscale, to design innovative new missions to clear hazardous space junk."

READ MORE: Oxfordshire-based tech firms Astroscale and Celestia involved in multi-million beam-hopping satellite space project


Giles Gwinnett is a writer at The Business Magazine. He has been a journalist for more than 20 years and covered a vast array of topics at a range of media settings - in print and online. After his NCTJ newspaper training, he became a reporter in Hampshire before moving to a news agency in Gloucestershire. In recent years, he has been covering the financial markets along with company news for an investor-focused web portal. His many interests include politics, energy and the environment. He lives in Dorset.

Related topics

Related articles

Latest Deal Ticket

view more
Business consultants Magnetic (London)
have been acquired by
Management consultants Newton Europe (Oxford)
May 2024
UNDISCLOSED
Who's behind the deal?

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
09
Jul

Leadership Roundtable: Opportunities and challenges in the Care Sector

Herrington Carmichael
Farnborough Aerospace Centre, GU14 6XR
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
23
Jul

Leadership Roundtable: Search Fund Exits & Acquisitions

Shawbrook Bank
9 Appold Street, London EC2A 2AP
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles

Group Companies

Dorset BIZ NewsHampshire BIZ News