The low cost, private sector drive into space has exploded since the turn of the century, in the next few years, there are going to be an estimated 50,000 satellites in Earth's orbit, add this to the already large amount of existing satellites, and space will become crowded. With these increases in orbital volumes from telecommunications and geospatial companies, there will inevitably be negative consequences and failures that will need to be managed to avoid economic, environmental, and geopolitical catastrophe. Around the world, public and private sector organisations are developing their own solutions to this problem, but none of them seem to be scalable or re-usable. With the environmental agenda at the forefront of a majority of innovations seen today, a non-reusable solution is simply not good enough, we need a re-usable, adaptable, sustainable and endlessly scalable solution.
In collaboration with world renowned academic institutes and with a fundamental focus on commercial opportunities we will create a product specification based on the customer insights we generate as well as primary data we capture in order to design, test and develop a reusable, scalable and cost-effective solution. As the UK continues to aspire to become a leader in commercial space technologies, Elestial would be in a prime position to be a flagbearer of the industry and demonstrate the UK's potential, both in the development and manufacture of aerospace advancements. Using cutting-edge existing technologies as well as technologies created in-house, in addition to a lean, value-driven approach to the conception, design, implementation, and operation of our solution we can position ourselves as leaders and pioneers in the next industrial revolution.
Our aim in the long term will be to develop an In-orbit Services (IoS) portfolio of products, technologies, and on demand services to support the inevitable growth in orbital volumes, increased commercial and consumer demand in space operations (from countless government organisations and global enterprises), and is the perfect environment for UK export services. In the beginning, we will be focusing all our efforts on creating an infrastructure around debris management. This will include capturing and storing debris that may pose a risk to operational satellites, as well as performing maintenance and repairs on satellites that have been affected by debris, helping to keep satellites operational for their intended life span.