In collaboration with the World Economic Forum and the Saudi Space Agency, the report calls for addressing the needs of the space community across its various stakeholders, including service users, providers, policymakers, and academia. It warns that failure to effectively address the current space debris situation could cost the space industry between $25.8bn and $42.3bn over the next decade, underscoring the urgent need for a healthier space environment that benefits all. Economic costs of space debris underscore the urgent need for orbital sustainabilityThe report is the outcome of a series of community consultations aimed at assessing the risks and economic costs of space debris in the coming years. It provides a quantitative assessment of the potential economic impact of space debris on the global space economy. The report combines the mission-driven focus of the Space Futures Centre with the global network and influence of the World Economic Forum, with the objective of equipping the global space community with valuable guidance to address current and future challenges.