Two defunct satellites barely miss each other

Missed it by that much: According to the US Space Command, two defunct satellites, one the first infrared space telescope ever launched and the other a military technology test satellite, apparently did not collide tonight, barely missing each other.

Prior to impact it was estimated they could get within as little as 40 feet. Since the military satellite had booms 60 feet long, the possibility of impact was quite real, especially because there was also a margin of error in the calculations and the two satellites were traveling almost 33,000 mph relative to each other. Had they hit each other the cloud of debris would have caused enormous problems, as the pieces would have been a threat to many other satellites presently in orbit.

Fortunately they missed each other. The problem of many such defunct satellites and upper stages and general space junk still exists however. Someone could make some good money providing a service to clean this stuff up. I suspect governments would be willing to pay to have it done.