Colt Technology Services, Honeywell, and Nokia have entered a partnership to trial space-based quantum-safe cryptography. This collaboration aims to explore methods to protect encrypted data from quantum risks by utilizing Low Earth Orbit satellites. The partnership will focus on quantum key distribution to securely share encryption keys over ultra-long distances, overcoming terrestrial limitations. This initiative seeks to safeguard sensitive information across various sectors, such as finance, healthcare, and government, from potential future threats posed by advances in quantum computing. The companies have also released a white paper detailing the risks and opportunities associated with quantum cryptography.