IAI Promotes Financial Investment In Effective Space | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.14.25

Airborne-NextGen-04.15.25

AirborneUnlimited-04.16.25

Airborne-AffordableFliers-04.17.25

SunnFun-DayFour-04.03.25

Mon, Sep 17, 2018

IAI Promotes Financial Investment In Effective Space

Effective Space Selects Israel Aerospace Industries (IAI) To Develop, Manufacture And Deliver Its Space Drone In-Orbit Servicing Fleet

Israel Aerospace Industries (IAI) and Effective Space - a company engaged in 'last mile' logistics in space - have signed a term sheet for cooperation, including both technological and financial partnerships. Under the conditions of the term sheet, Effective Space will appoint IAI as the primary contractor of its Space Drone spacecraft, while IAI will work to complete the necessary approvals for equity investment in Effective Space. The term sheet follows more than a year of cooperation, during which both companies have been jointly working on the Space Drone spacecraft design.

Effective Space is developing a unique, small spacecraft to extend the life of satellites in orbit, based on the vision to provide logistics services in the rapidly growing space economy. To this end, it has developed a unique and patented technology for rendezvous and docking to satellites in space through a small spacecraft called Space Drone.

Effective Space is pioneering a new era in last-mile logistics in space that will see its Space Drone spacecraft fleet deployed to provide auxiliary services to space assets. Initial services to be provided by Effective Space will be life-extension for satellites in Geosynchronous Earth Orbit. The company’s first contract, signed in 2017 with an international satellite operator, will see two Space Drone spacecraft launched in 2020 to extend the life of two existing satellites, and is expected to generate revenues of more than $100 million.

"This partnership is an excellent example of the added value in the connection between IAI - Israel's largest aerospace company - with start-ups and the world of innovative technologies and business entrepreneurship,” said Nimrod Sheffer IAI's CEO. “IAI's vast experience and its expertise in the development and manufacturing of small, light and fast satellites, and the innovative concept of Effective Space, has the potential for significant business activity."

“IAI is globally recognised as a leader in the development and construction of commercial satellite technologies, and in particular, those with high performance and a small form factor,” said Arie Halsband, Founder and CEO, Effective Space. “IAI’s intention to directly invest in Effective Space is a strong endorsement of our Space Drone programme and an indication of the potential return for investors from this new era of logistics in space and in-space robotics. For both strategic and growth investors, logistics in space is a new and exciting opportunity.”

The design of the Space Drone spacecraft is a result of decades of experience in the field of small satellites. ‘Phase One’ services will see the spacecraft dock with existing satellites in Geosynchronous Earth Orbit that are reaching the end of their normal life expectancy. The Space Drone spacecraft will provide station-keeping and attitude-control, relocation, deorbiting, orbit and inclination correction, and is capable of providing up to 15 years of overall life-extension service.

Logistics in space is a rapidly developing market and further services will see platform adaptations to support the evolving low-earth-orbit and medium-earth-orbit constellations, as well as active-debris-removal and in-space explorations, mining and manufacturing logistics. To meet the expected market opportunity, Effective Space ultimately anticipates a fleet of several dozen Space Drone spacecraft to be launched and operated.

(Source: IAI news release)

FMI: effective.space, www.iai.co.il

Advertisement

More News

ANN's Daily Aero-Term (04.15.25): On-Course Indication

On-Course Indication An indication on an instrument, which provides the pilot a visual means of determining that the aircraft is located on the centerline of a given navigational t>[...]

Aero-News: Quote of the Day (04.15.25)

“The remaining infrastructure and staffing for this outdated method costs taxpayers millions of dollars annually to support the small number of pilots that have not converted>[...]

NTSB Prelim: Wild Sky LLC Goat

Weather Conditions Were “Very Gusty” At The Time Of The Accident On March 14, 2025, about 1515 eastern daylight time, an experimental amateur-built Wild Sky Goat light->[...]

Airborne 04.16.25: NYC Heli-Tour Shutdown, FAA Closing RCOs, A-26 Restoration

Also: Penguins Are Bad Pilots, DA42 Fleet Delivery, Coulson Expands, CAF SoCal Celebrates Spitfire 80th The FAA issued an emergency order shutting down New York Helicopter Charter,>[...]

Aero-News: Quote of the Day (04.16.25)

"The FAA is taking this action in part because after the company’s director of operations voluntarily shut down flights, he was fired.... The review, known as a Certificate H>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC