According to the Union of Concerned Scientists (UCS), over 4,000 operational satellites are currently in orbit around Earth. According to some estimates, this number is expected to reach as high as 100,000 by the end of this decade, including telecommunication, internet, research, navigation, and Earth Observation satellites. As part of the commercialization of low Earth orbit (LEO) anticipated in this century, the presence of so many satellites will create new opportunities, as well as hazards.

The presence of these satellites will require a great deal of mitigation to prevent collisions, servicing and maintenance. For example, the San Francisco-based startup Orbit Fab is working to create all the necessary technology for orbital refueling services for satellites. To help realize this goal, industry giant Lockheed Martin recently announced that they are investing in Orbit Fab's "Gas Stations in Space" refueling technology.

The San Francisco-based startup was founded in 2018 by Daniel Faber and Jeremy Schiel, both of whom have strong backgrounds in the commercial space industry. Between 2016 and 2019, Faber was the CEO of Deep Space Industries (DSI), one of the leading companies currently developing asteroid mining capabilities.

For the first time in 60 years of human spaceflight, a rocket is poised to blast into orbit with no professional astronauts on board, only four tourists.

SpaceX's first private flight will be led by a 38-year-old entrepreneur who's bankrolling the entire trip. He's taking two sweepstakes winners with him on the three-day, round-the-world trip, along with a health care worker who survived childhood cancer.