Halespace
Developing a space debris catcher.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Support Program | ||
| Total Funding | 000k | ||
| SEK | 2023 | 2024 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 182 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Halespace AB is a Swedish company operating in the space technology sector with a specific focus on mitigating the growing problem of orbital debris. The firm is developing what it describes as a "space debris catcher," an apparatus designed to ensure the sustainability of space activities. A key technological pillar of their solution is an edge-computing AI system. This system is engineered to autonomously detect, classify, track, and catalog objects in orbit by utilizing a combination of radar and electro-optical sensors.
The company has demonstrated the viability of its core technology through the development of a working prototype. This prototype, which can be battery-powered, has been successfully tested, proving its capability to autonomously search for, track, and classify different types of objects. This development was supported by funding from Vinnova, Sweden's innovation agency, which awarded Halespace AB SEK 1,700,159 for a project titled "Artificial intelligence for space situational awareness." This project ran from September 2023 to June 2024 and has been completed, achieving its primary goal of producing a proof-of-concept prototype.
Halespace's business targets the space situational awareness (SSA) market, serving entities that operate or rely on space-based assets and are concerned with the risks posed by debris. The autonomous nature of its AI-driven sensor system suggests a business model likely centered on providing advanced, real-time debris tracking data and services, or selling the sensor systems themselves to satellite operators, space agencies, and defense organizations. The system's ability to operate on the edge reduces latency and reliance on ground-based communication, offering a distinct advantage for in-orbit applications.
Keywords: space debris removal, space situational awareness, orbital debris mitigation, edge computing AI, autonomous sensor systems, object tracking in space, electro-optical sensors, radar technology, Vinnova grant, Swedish space industry, space sustainability, satellite protection, AI for space, autonomous tracking, space technology prototype