Space companies are racing to beam web access to the entire planet. But 'space junk' is a big worry

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Space companies are racing to beam web access to the entire planet. But 'space junk' is a big worry
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Space companies, from Elon Musk's SpaceX to start-up OneWeb, are racing to launch satellites into space with the aim of creating global internet coverage on Earth. But there's one big problem, experts say — 'space junk.'

As space junk increases, there could be a snowball effect. If more debris is travelling at thousands of miles per hour in space and it hits another object, that can result in more splintering and more junk.

There are a number of risks associated with space junk. The first is that this debris could hit spacecraft carrying humans or even the International Space Station. "The space environment is a very delicate one," Christopher Newman, professor of space law and policy at Northumbria University in the U.K., told CNBC's "Beyond the Valley" podcast.

Last year, ESA commissioned a consortium led by Swiss start-up ClearSpace, to lead a mission to remove a specific item of debris from space.

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