U.S. space radar operator LeoLabs targets insurance market in Japan

CEO aims for 50-50 commercial-government sales in five years

20231108 LeoLabs radar

LeoLabs operates six radar sites across the world, including this one on the Portuguese island of Santa Maria. (Photo courtesy of LeoLabs)

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- U.S. space radar startup LeoLabs watches the skies around the clock, adding new satellites to its catalog and calculating their course and risk of collision. It has largely done this on behalf of government agencies, militaries and satellite operators, but as the space industry evolves its new customers include insurance companies and space debris removers.

The California-based company, which counts the Japanese debris removal company Astroscale among its clients, is also hoping to serve Japanese insurers by helping them better underwrite space missions, founder and CEO Dan Ceperley told Nikkei Asia.

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