Currently most satellite operators, self insure, ie if something happens they pay for it. Eos mgmt believe that once their system covers more of the sky, via a second telescope, that verses radar, laser will be much more precise in tracking satellites and debris. In doing so, they can offer satellite operators a risk mitigation system, for a fee. Also as orbits change daily, these data contracts need to be ongoing. I think they said there was $500 bill of commercial satellites, who would likely benefit from an insurance system.
Eos has spent l think $83 mill on their tracking system, which has been certified by the US Air Force, hence works. My thinking with Eos now having done a JV with Lockheed, obviously they think this is 'commercial'. I think this is a really good business, yet might take 12 mths to play out.
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