The UK Space Agency (UKSA) is an agency of the Department for Business, Energy and Industrial Strategy (BEIS) and is responsible for co-ordinating the UK’s civil space priorities across Government and Industry.
It is also Government’s regulator for satellite operations under the Outer Space Act 1986 and will be responsible for the regulation of certain aspects of launch under the Space Industry Act 2018, including all launches to orbit.
To support these activities the UKSA is funding a series of studies to develop the corporate knowledge on a variety of topics to enhance its ability to assess and manage the risks related to these activities. As technology evolves and space becomes more accessible, new satellite systems, including so-called ‘mega-constellations’, formation flying and in-orbit servicing missions, are becoming more complex and numerous.
Understanding the risk of collision events in orbit that have financial implications is critical. The UKSA wishes to procure services to develop a database of financial information on the satellites and spacecraft currently in-orbit, which will help inform a comprehensive financial risk model.