DrEnter writes "According to this story on Yahoo, two communications satellites collided in orbit, resulting in two large clouds of debris. The new threat from these debris clouds hasn't been fully determined yet. From the article, 'The collision involved an Iridium commercial satellite, which was launched in 1997, and a Russian satellite launched in 1993 and believed to be nonfunctioning. Each satellite weighed well over 1,000 pounds.' This is the fifth spacecraft/satellite collision to occur in space, but the other four were all fairly minor by comparison."