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Space
Space
Science
Andrew Jones

These 2 companies are teaming up to offer insurance for space debris strikes on satellites

A yellow orb is surrounded by tons of yellow dots representing space debris below 0.1 mm.

A pair of companies are teaming up to provide customers with pioneering insurance for spacecraft specifically to cover space debris collision events.

Space insurance underwriters typically offer premiums that are mission-wide and include possible satellite replacement and can therefore be very expensive. California on-orbit services startup Arkisys is now teaming up with London-based Odin Space to offer its customers specific collision insurance, based on verified debris impact data from Odin Space's sensors.

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