Effective Space Solutions
Providing In-Orbit Maintenance for Satellites
Company Overview
Snapshot
Founded in January 2013 by Arie Halsband, Effective Space Solutions operated with 1–10 employees. The company was acquired by Astroscale in July 2020, marking a significant exit in the space technology sector.
Business overview
Effective Space Solutions specializes in providing in-orbit maintenance and life-extension services for satellites. The company's core technology enables services such as station keeping, relocation to new orbital slots, re-utilization of inclined satellites, orbit correction for misplaced satellites, and deorbiting end-of-life satellites. It serves the aerospace and defense industries, operating within the space tech and space components and infrastructure sectors.
Strategic signal
In June 2020, news emerged that Astroscale's acquisition of Effective Space Solutions would mean the company's space drones would not be built in Israel. This development signaled a shift in manufacturing strategy and potentially the geographic focus for the acquired technology, indicating a consolidation of operations under the acquiring entity.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant corporate milestone for Effective Space Solutions?
- Effective Space Solutions was acquired by Astroscale in July 2020, leading to its inactive status.
- When was Effective Space Solutions founded and by whom?
- Effective Space Solutions was founded in January 2013 by Arie Halsband, who served as Founder & CEO.
- What type of services does Effective Space Solutions provide?
- Effective Space Solutions provides in-orbit maintenance and life-extension services for satellites, including station keeping, relocation, orbit correction, and deorbiting.
- Which investor participated in a funding round for Effective Space Solutions?
- In December 2014, Singulariteam invested in Effective Space Solutions during a seed funding round.
- What was the strategic implication of Astroscale's acquisition of Effective Space Solutions?
- The acquisition by Astroscale in July 2020 meant that Effective Space Solutions' space drone technology would not be built in Israel, as reported in June 2020.