"Pave Space's long-term ambition is to become the logistics backbone of the global space economy, enabling spacecraft and industries to operate across Earth orbit, lunar missions and beyond."
"The company's current priority is to build a family of orbital transfer vehicles (OTVs) capable of addressing one of the emerging logistical bottlenecks of the rapidly expanding space economy."
"Most rockets currently deliver satellites only to low Earth orbit, requiring spacecraft to rely on their own electric propulsion systems to slowly climb to their operational orbit."
"This process can take six to 12 months and delay revenue-generating services while tying up capital."
Pave Space, founded in 2024 in Switzerland, has raised $40 million to create spacecraft that move satellites beyond low Earth orbit. The company aims to cut satellite deployment times from months to hours. Pave Space focuses on developing propulsion systems, avionics, and control algorithms internally for rapid engineering cycles. The goal is to build orbital transfer vehicles to address logistical challenges in the expanding space economy, enabling quick transport of satellites to higher-energy destinations like geostationary orbit and lunar trajectories.
#spacecraft-development #satellite-deployment #orbital-transfer-vehicles #space-economy #european-space-industry
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