Some of the satellites are coming to the end of life due to a run of fuel, but satellites are still in healthy condition. The expired satellites are pushed into "graveyard orbit" and generate space debris in space. To continue the satellite operation, customers have to launch a replacement satellite at a high cost. To resolve this, OrbitAID came up with solutions to extend the life of the satellite by refueling. This will reduce the generating of space debris and low-cost refueling compared with a complete replacement. OrbitAID is developing in-orbit refueling for satellite life extension and plans to build a Fuel Station in Space.
We are now looking for investment. The fund will be used for
- Do technology demonstration in space (this will lead more funding and customers)
- Expand 15 FTE
- Build Asia's first On-orbit servicing facility (This facility also bring revenue)