NOAA (National Oceanic and Atmospheric Administration) awarded seven contracts to U.S. commercial space firms for "space situational awareness data analysis" - space traffic monitoring and analysis.
The contracts support a two month pilot program that addresses real-time civil spaceflight safety functions: satellite tracking, spaceflight safety analysis, notification, anomaly detection, and alerting. NOAA (a Department of Commerce Agency) coordinated with the Department of Defense to select monitors and analysts. The firms will monitor and analyse space traffic conditions in Medium Earth Orbit (MEO) and Geostationary Earth Orbit (GEO) zones.
The project takes the first steps toward alleviating growing space congestion, space debris, and collision risk avoidance in the primary orbital zones used by commecial and military spacecraft.
Contracts were awarded to COMSPOC Corp., ExoAnalytic Solutions, Kayhan Space, KBR, NorthStar Earth & Space Inc., Slingshot Aerospace and the Space Data Association. None of the selected companies tades on any established exchange. With one exception, each of them has been funded through a combination of personal investment, venture capital, or private equity. The exception, the Space Data Association, is an Isle of Man based non-governmental organization (NGO).
These blogs are an outgrowth of Cambyses Financial Advisor’s Space Technology and Commerce Initiative. Articles are not an endorsement of any product or producer we mention in the article. They are not an offer to buy or sell any security. Investments in Space Technology and Commerce sector companies are very risky and highly speculative. Investment opportunities in the companies mentioned in this article are suitable only for Qualified Investors. Consult your financial advisor for more information about these companies.