Space debris recently struck China’s Tiangong space station. Given the congested nature of the ~350km altitude band, this collision is a warning of what might come to low Earth orbit (LEO).
We’ve got Cold War junk floating around, thousands of Starlink satellites, and plenty of debris zooming around at this altitude. Sure, there are ways to track incoming debris, but it’s imperfect (I mean, you try avoiding something going Mach 25). Kessler Syndrome is the main concern here; just ask Sandra Bullock how she feels about it following her role in Gravity.
Like everything else in the world right now, space is in flux. A hostile Russia, uncooperative China, and prickly US are all adding to the tension.
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