Spacebit is a privately held UK company that is working on space data analytics tools and robotic concepts of space exploration that include AI and advanced microrobotics. The company believes in creating commercially sustainable data and robotics business in space exploration. Spacebit's approach to engineering is to deliver a low cost solution for exploration of celestial bodies. Its goal is creating new opportunities for industry, academia and helping with future development of a new infrastructure and commercial resource exploration on the Moon and beyond. Spacebit is also using distributed ledger technologies to create new data models and democratise access to space.