ClearSpace establishes subsidiary in USA


Renens VD/Colorado Springs – ClearSpace announces the formation of a subsidiary in the US called ClearSpace Today. This is the first time that the Waadt-based company, which is dedicated to sustainable services in space, has expanded beyond Europe.

DeepTech company ClearSpace now has a subsidiary in the USA, ClearSpace Today Inc. This, according to a media release, is the first time the company has expanded beyond Europe, bringing its core technologies to the world’s largest space industry.

Founded in 2018 in Vaud, the startup attracted some attention in the industry in 2020 when it won a prime contract worth nearly $100 million from the European Space Agency. This involved the development and execution of the world’s first space debris removal mission.

Since then, the company has reportedly grown into a “world-class team with nearly 100 employees.” It maintains a holding company in Luxembourg and engineering teams in Switzerland, the UK, Germany, Luxembourg and now the US. ClearSpace raised €26 million in its latest Series A funding round earlier this year.

With the support of partners in the U.S., ClearSpace reportedly plans to expand its service offerings to include not only spacecraft disposal and life extension, but also space transportation, inspection, assembly, manufacturing and repair, and recycling.

“Now is the time to build the capabilities and relationships that will make our space operations safer and more sustainable,” CEO and co-founder Luc Piguet is quoted as saying. “And we are confident that our in-orbit services will support the continued acceleration of commercial space activities while protecting this precious environment for future generations.” mm