Innermost stable circular orbit
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The innermost stable circular orbit (often called the ISCO) is the smallest circular orbit in which a test particle can stably orbit a massive object in general relativity. The location of the ISCO, the ISCO-radius (), depends on the angular momentum (spin) of the central object.
The ISCO plays an important role in black hole accretion disks since it marks the inner edge of the disk.
For a non-spinning massive object, where the gravitational field can be expressed with the Schwarzschild metric, the ISCO is located at,
where is the Schwarzschild radius of the massive object with mass . Thus, even for a non-spinning object, the ISCO radius is only three times the Schwarzschild radius, , suggesting that only black holes and neutron stars have innermost stable circular orbits outside of their surfaces. As the angular momentum of the central object increases, decreases.
Circular orbits are still possible between the ISCO and the photon sphere, but they are unstable. The photon sphere has a radius of
For a massless test particle like a photon, the only possible circular orbit is exactly at the photon sphere, and is unstable. Inside the photon sphere, no circular orbits exist.
Rotating black holes
with as the rotation parameter. As the rotation rate of the black hole increases the retrograde ISCO increases towards (4.5 times the a=0 horizon radius) while the prograde ISCO decreases towards the horizon radius and appears to merge with it for an extremal black hole (however, this later merger is illusory and an artefact of using Boyer-Lindquist coordinates ).
If the particle is also spinning there is a further split in ISCO radius depending on whether the spin is aligned with or against the black hole rotation.
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