Astroscale's Economic Impact Report Reveals Pioneering Contributions to UK Space Industry

Astroscale's Economic Impact Report Reveals Pioneering Contributions to UK Space Industry

Astroscale UK, a fast-growing company dedicated to securing the sustainable development of space, announces groundbreaking insights from an Economic Impact Report focusing on economic growth, job creation, and regional development.

The report underscores Astroscale’s pivotal role in enabling growth in the UK’s space economy and aligns with the UK Government’s National Space Strategy (NSS) to propel the nation towards becoming one of the most innovative and attractive space economies in the world

This announcement follows the anniversary of the official opening of Astroscale’s dedicated UK facility at the Harwell Science & Innovation Campus, Oxfordshire, which includes state-of-the-art satellite integration cleanrooms, mission operations facilities, and offices for 180 staff. The new Astroscale UK premises were officially opened by Paul Bate, Chief Executive of the UK Space Agency, on 27 September 2022.

The independent study focuses on Astroscale’s “End-of-Life” service, ELSA-M, which will enable LEO constellation operators to act responsibly in space, demonstrating its significant contribution to the UK space ecosystem. The report underscores Astroscale’s pivotal role in enabling growth in the UK’s space economy, how it will help position the nation as a science superpower and reveals four fundamental aspects of Astroscale’s ambitious ELSA-M program: 

  • Empowering Economic Growth: Delivering an unprecedented £23 per £1 return on public investment, showcasing Astroscale’s ability to maximize value for the UK economy. 
  • Fuelling Job Creation and Innovation: Supporting over 12,000 high-skilled, high-paid jobs across the UK, fostering innovation and expertise in the rapidly growing space industry. 
  • Driving Regional Development: Locating an impressive 56% of expenditure outside the South East and London, boosting investment opportunities across the whole of the UK. 
  • Generating Sales for the UK Space Industry: The ELSA-M program is projected to contribute £2bn in revenue for the UK space industry over the next 10 years, accelerating economic growth and prosperity. 

“Astroscale’s Economic Impact Report showcases the vast potential of the UK space industry”, said Ray Fielding, Head of Sustainability at the UK Space Agency. “Their innovative approach to in-orbit servicing, and commitment to regional development, support the government’s ambitions for the UK space sector. We look forward to seeing the positive impact Astroscale will continue to make in the UK and internationally.” 

Nick Shave, Managing Director of Astroscale UK, commented, “We are thrilled to share the results of this Economic Impact Report, which demonstrates Astroscale’s commitment to driving sustainable growth in the space industry and the UK economy. 

“By leveraging our ELSA-M program, we aim to foster innovation, create highly-skilled jobs, and ensure a prosperous future for the UK space ecosystem across the full breadth of the country. The report’s insights highlight a remarkable £23 per £1 return on public investment, reflecting our dedication to maximizing value for the UK economy while bolstering UK manufacturing capabilities.  

“Additionally, by supporting over 12,000 high-skilled, high-paid jobs across the UK, Astroscale is making significant strides in developing STEM skills, nurturing expertise for the rapidly growing space sector. Our mission is also focused on driving regional development with 56% of our expenditure located outside the South-East and London, paving the way for onshoring production and further supporting UK exports.  

“Through our ELSA-M program, which is projected to generate £2bn in sales for the UK space industry, we are actively attracting foreign direct investment and contributing to the UK’s position as a leading global player in the space economy. Astroscale is proud to play a key role in the UK’s journey to becoming a science superpower.” 

ELSA-M is paving the way for Astroscale’s UK Active Debris Removal (ADR) mission, COSMIC (Cleaning Outer Space Mission through Innovative Capture). Targeting two inactive British satellites, COSMIC will build on the heritage of the ELSA-M program and UK-focused supply chain, resulting in a further positive impact on the UK space economy and its world standing in the global space industry.  

The report’s projections affirm Astroscale’s pivotal role in shaping the future of space exploration while addressing ever-growing sustainability concerns related to space debris. 

Click here to learn about Astroscale's upcoming missions.

Publisher: SatNow
Tags:-  SatelliteLEOGround

GNSS Constellations - A list of all GNSS satellites by constellations


Satellite NameOrbit Date
BeiDou-3 G4Geostationary Orbit (GEO)17 May, 2023
BeiDou-3 G2Geostationary Orbit (GEO)09 Mar, 2020
Compass-IGSO7Inclined Geosynchronous Orbit (IGSO)09 Feb, 2020
BeiDou-3 M19Medium Earth Orbit (MEO)16 Dec, 2019
BeiDou-3 M20Medium Earth Orbit (MEO)16 Dec, 2019
BeiDou-3 M21Medium Earth Orbit (MEO)23 Nov, 2019
BeiDou-3 M22Medium Earth Orbit (MEO)23 Nov, 2019
BeiDou-3 I3Inclined Geosynchronous Orbit (IGSO)04 Nov, 2019
BeiDou-3 M23Medium Earth Orbit (MEO)22 Sep, 2019
BeiDou-3 M24Medium Earth Orbit (MEO)22 Sep, 2019


Satellite NameOrbit Date
GSAT0223MEO - Near-Circular05 Dec, 2021
GSAT0224MEO - Near-Circular05 Dec, 2021
GSAT0219MEO - Near-Circular25 Jul, 2018
GSAT0220MEO - Near-Circular25 Jul, 2018
GSAT0221MEO - Near-Circular25 Jul, 2018
GSAT0222MEO - Near-Circular25 Jul, 2018
GSAT0215MEO - Near-Circular12 Dec, 2017
GSAT0216MEO - Near-Circular12 Dec, 2017
GSAT0217MEO - Near-Circular12 Dec, 2017
GSAT0218MEO - Near-Circular12 Dec, 2017


Satellite NameOrbit Date
Kosmos 2569--07 Aug, 2023
Kosmos 2564--28 Nov, 2022
Kosmos 2559--10 Oct, 2022
Kosmos 2557--07 Jul, 2022
Kosmos 2547--25 Oct, 2020
Kosmos 2545--16 Mar, 2020
Kosmos 2544--11 Dec, 2019
Kosmos 2534--27 May, 2019
Kosmos 2529--03 Nov, 2018
Kosmos 2527--16 Jun, 2018


Satellite NameOrbit Date
Navstar 82Medium Earth Orbit19 Jan, 2023
Navstar 81Medium Earth Orbit17 Jun, 2021
Navstar 78Medium Earth Orbit22 Aug, 2019
Navstar 77Medium Earth Orbit23 Dec, 2018
Navstar 76Medium Earth Orbit05 Feb, 2016
Navstar 75Medium Earth Orbit31 Oct, 2015
Navstar 74Medium Earth Orbit15 Jul, 2015
Navstar 73Medium Earth Orbit25 Mar, 2015
Navstar 72Medium Earth Orbit29 Oct, 2014
Navstar 71Medium Earth Orbit02 Aug, 2014


Satellite NameOrbit Date
NVS-01Geostationary Orbit (GEO)29 May, 2023
IRNSS-1IInclined Geosynchronous Orbit (IGSO)12 Apr, 2018
IRNSS-1HSub Geosynchronous Transfer Orbit (Sub-GTO)31 Aug, 2017
IRNSS-1GGeostationary Orbit (GEO)28 Apr, 2016
IRNSS-1FGeostationary Orbit (GEO)10 Mar, 2016
IRNSS-1EGeosynchronous Orbit (IGSO)20 Jan, 2016
IRNSS-1DInclined Geosynchronous Orbit (IGSO)28 Mar, 2015
IRNSS-1CGeostationary Orbit (GEO)16 Oct, 2014
IRNSS-1BInclined Geosynchronous Orbit (IGSO)04 Apr, 2014
IRNSS-1AInclined Geosynchronous Orbit (IGSO)01 Jul, 2013