Air breathing electric propulsion (atmosphere-breathing electric propulsion) (ABEP) has attracted significant interest as an enabling technology for long duration space missions in very low Earth orbit (VLEO) altitudes below about 300 km. The ABEP spacecraft and mission analysis model developed allows parametric characterization of key spacecraft geometry and thruster performance parameters such as spacecraft length-to-diameter, the ratio of solar array span to spacecraft diameter, thrust-to-power, effective exhaust velocity, and inlet efficiency. For the missions analyzed ABEP generally outperforms conventional electric propulsion (EP) below 250 km altitude. Using a 6U spacecraft architecture the model shows that below 220 km ABEP is the only viable propulsion option for desirable mission lifetimes. Parametric evaluations of key spacecraft and ABEP characteristics show that the most significant technological improvements to ABEP spacecraft performance and range of applicability for VLEO missions will come from advancements in inlet efficiency, low drag materials, solar array efficiency, and thrust-to-power.