ClearSpace: Breathing New Life into Space
ClearSpace has initiated the consolidation phase of its new GEO Life Extension Mission
Luxembourg, February 20, 2025 – ClearSpace has initiated the consolidation phase of its new GEO Life Extension Mission, with support from the Government of Luxembourg through an ESA Contract in the Luxembourg National Space Programme, LuxIMPULSE, implemented by the Luxembourg Space Agency.
The mission reflects a key step in ClearSpace’s ongoing commitment to sustain space practices, focusing on the growing need to manage aging satellites and ensure the long-term health of space environments. The mission is set to dock with and extend the operational life of GEO satellites nearing retirement between 2028 and 2030. This pivotal first step advances ClearSpace’s vision to expand in-orbit servicing (IOS) beyond debris removal—an essential capability for ensuring long-term space sustainability
ClearSpace’s growth has been fueled by strong financial backing, with key investments from OTB Ventures and the Luxembourg Future Fund (LFF). A recent €5.5 million Series A+ round has boosted total funding to €36 million, reinforcing the company’s ability to lead in space sustainability. With this solid financial foundation and transformational missions in development, ClearSpace is poised to drive innovation and push the boundaries of orbital debris removal and in-orbit servicing.
The mission highlights Luxembourg’s commitment in advancing space technologies and also benefits from the ongoing collaboration with the European Space Agency (ESA). ClearSpace looks forward to the continued growth and success as it works alongside both public and private partners to address global challenges and redefine the future of space operations.
About ClearSpace
ClearSpace, founded in 2018, is rapidly becoming a global leader in in-orbit services (IOS), driven by strong support from Luxembourg, Switzerland, the UK, and Germany. With a robust presence across these key spacefaring nations, ClearSpace is pioneering innovative space operations.
Committed to shaping the future of space sustainability, ClearSpace offers a suite of advanced services, including debris removal, satellite inspection, life extension, and refueling. At its core, the company is dedicated to building a circular space economy—ensuring satellites are not only serviced and maintained but also responsibly retired to prevent the buildup of space debris.
Our Luxembourg office, located within the House of Startups and supported by the Luxembourg City Incubator, serves as a key hub for the company’s growth and development in space sustainability.
ClearSpace Media Contact
Hyeonsook Hong Kaiser |media@clearspace.today
Phone: +41 78 222 24 36
