Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

U.S. agency adopts new space junk rules to reduce exploration risks

Published 09/29/2022, 11:11 AM
Updated 09/29/2022, 11:50 AM
© Reuters. FILE PHOTO: Signage is seen at the headquarters of the Federal Communications Commission in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

By David Shepardson

(Reuters) -The U.S. Federal Communications Commission (FCC) voted 4-0 Thursday on to adopt new rules to address growing risks of orbital debris to space exploration by shrinking the time to remove defunct satellites.

The FCC voted to require post-mission disposal of low-Earth orbit satellites within five years. The agency previously recommended operators of satellites in low-Earth orbit ensure spacecraft re-enter Earth’s atmosphere within 25 years.

"It will mean more accountability and less risk of collisions that increase orbital debris and the likelihood of space communication failures," FCC Chair Jessica Rosenworcel said.

The U.S. telecommunications regulator noted that of 10,000 satellites deployed since 1957 more than half are no longer working.

"Defunct satellites, discarded rocket cores, and other debris now fill the space environment, creating challenges for current and future missions," the FCC said, noting there are more than 4,800 satellites operating in orbit as of the end of last year, and the vast majority of those are commercial low-Earth orbit satellites.

"The second space age is here. For it to continue to grow, we need to do more to clean up after ourselves so space innovation can continue to respond," Rosenworcel said.

NASA has funded several academic studies on space debris, and a bipartisan group of senators has introduced legislation "to jumpstart the development of debris removal technology in the United States," FCC Commissioner Geoffrey Starks noted.

© Reuters. FILE PHOTO: Signage is seen at the headquarters of the Federal Communications Commission in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

He said the new rule "will bend the curve of debris proliferation. It also will reduce collisions and free up resources that would otherwise go toward trying to avoid them."

Starks warned that "without a safe operating environment, debris risk could escalate from a financial afterthought to a hazard that makes investors think twice, and could complicate operations in a way that slows or limits new space endeavors while driving up per-mission costs."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.