Space traffic management company Neuraspace celebrates 5-years of business milestones

Chiara Manfletti, CEO of Neuraspace

Neuraspace, a European leader with a global footprint in space domain awareness (SDA) solutions, celebrates its fifth anniversary.  Marking this occasion, the company has announced its expectations for the future development of the business as well as growth milestones covering the last five years. 

Since its foundation in 2020, Neuraspace has experienced mounting interest in space traffic management (STM) across the sector and expects it to accelerate further. This is due to satellite launches intensifying, escalating space debris, sharp rise in orbital congestion, and regulatory compliance becoming mandatory. According to Neuraspace, it is also driven by operators seeking integrated solutions that combine collision avoidance, debris monitoring, and constellation management in a single solution.

“These developments have allowed us to really grow the business,” said Chiara Manfletti, CEO of Neuraspace. “The satellites we are monitoring and servicing with our AI enabled SDA platform have passed the 500 mark this year with an annual growth rate of 25%. Our annual total contract value has risen from zero to just shy of five million Euros and is still growing. Continuing on this progressive trajectory, our estimation is a tenfold rise (40 million Euros) by 2030. This we have done with a super team of 30 experts and dedicated employees.”

The adoption of STM, capable of real-time collision avoidance for single satellites and large constellations alike, also stems from the necessity to reduce operational burden and cost. It is further accelerated by operators already having to conduct tens of thousands of avoidance manoeuvres annually. The collision and service disruption risk will be amplified by more large constellations being planned. 

“As a result, asset protection in space has become mission-critical and an economic necessity due to providing critical infrastructure for communications, navigation, security, and environmental monitoring,” Manfletti said. “Insurance requirements, liability concerns, and the need for operator-to-operator coordination are also making STM indispensable.”

Taking these developments into account, Neuraspace is expanding its portfolio from its space traffic management focus into five key SDA product lines serving commercial, institutional, and defence customers: 

1. Space Traffic Management & Operations in real-time

2. Data & Tracking

3. Launch & Early Operations

4. Launch Screening

5. Mission Design

Neuraspace is also investing heavily in autonomy in space because a rapidly growing satellite population and contested orbital environment have already made manual operations unsustainable. The company sees greater autonomy for spacecrafts as essential for both commercial efficiency and national security, ensuring continuity of operations in complex, dynamic environments. 

Further, the company is investing significant efforts to support defence needs for civil protection and peacekeeping. For these, Neuraspace is developing a dedicated solution to detect, analyse, and classify activities in orbit, ranging from cyberattacks, jamming and spoofing to suspicious proximity operations. Distinguishing accidental events from hostile may be the key to peacekeeping in today’s deteriorating global landscape – and a capability of interest to defence, governmental and commercial players alike.

Over the next three years, Neuraspace intends to expand its proprietary sensor network (including telescopes, radars, and in-orbit sensors), integrate more automated decision-making capabilities, and tailor solutions for government and defence stakeholders. 

“These measures will position Neuraspace as Europe’s reference provider for SDA and autonomous space operations and, we hope, a contributor of peacekeeping,” Manfletti said.