UK’s Orbit Fab Inks Space MOUs at 2024 IAC

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Orbit Fab has announced the reinforcement of its international partnership network through a series of new strategic collaborations with key European space companies, including D-Orbit, DEIMOS, Infinite Orbits and Magdrive. The firm signed four MOUs during this week’s International Astronautical Congress (IAC).

Orbit Fab, which raised USD28.5 million during its Series A funding round and boasts a growing team in both the US and UK, wants to change the way satellites currently operate by driving innovation in space refuelling technology. Founded in 2018, the company offers satellite operators the ability to extend the lifespan of their spacecraft, removing the current single use paradigm and vastly reducing the need to launch new satellites to replace those that have run out of fuel.

The new partnerships will allow Orbit Fab to leverage cutting-edge expertise from industry leaders in spacecraft technology, propulsion and orbital management, accelerating the development and deployment of in-orbit refuelling technologies essential for sustaining in-orbit servicing and manufacturing and satellite life extension capabilities. In addition, the new business relationships will strengthen Orbit Fab’s European network, and help advance the company’s vision to create a bustling in-space economy, supporting permanent high-skilled jobs through the first sustainable in-space propellant supply chain.

“These agreements are an important step in deepening our partnerships with key firms across Europe,” said Orbit Fab CEO and co-founder Daniel Faber. “As European interest in refuelling has grown, our team in the UK has expanded and formed strong links with each of these companies. I’m looking forward to building a thriving ecosystem for orbital servicing in Europe together in the coming years”.

Orbit Fab’s growing network of partners underscores the company’s leadership in driving the in-space economy, particularly by leveraging the UK’s expertise in space technologies and Europe’s strong aerospace heritage. The company’s expanding European presence also aligns with the increasing demand for space sustainability and efficiency solutions.

“Space is a global industry, and it is a significant challenge to preserve Earth’s orbits, as thousands of new satellites are launched each year,” said CEO of the UK Space Agency Paul Bate. “That’s why we are supporting businesses like Orbit Fab in developing new innovations that can help extend the lifespan of satellites, which is a key route to a more sustainable space environment. This is not a challenge that will be overcome by any one nation or company alone, so it is great to see these new strategic collaborations between Orbit Fab and companies across Europe.”

In addition to the new partnerships, Orbit Fab continues to engage with European regulatory bodies and space policy stakeholders to ensure that in-space refuelling becomes a critical component of future space exploration and satellite management. The company’s European expansion reinforces its dedication to supporting sustainable space operations through innovation and collaboration.

With the support of its European partners, Orbit Fab is paving the way for a future where orbital refuelling is the standard, ultimately reducing the number of non-functional satellites in orbit. By doing so, the firm will contribute to the protection of space infrastructure, including satellites that provide crucial daily services across multiple sectors that underpin our society, environment and economy.

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