As high pointing accuracy spacecraft are being subjected to more stringent requirements on their micro-vibration environment, the reduction and mitigation of these disturbances has become of great importance. The reaction wheel assembly significantly impacts this environment, and as such improvements in bearing technologies have the greatest potential for performance gains. A current line of investigation are magnetic bearings, which generate a soft suspension mechanism thus damping vibrations and eliminating bearing wear. This study aims to explore the concept of Multipole Magnetic Bearings, focusing on radially segmented Halbach design, which introduce the ability of controlling the external magnetic field of the bearing to limit its effect on adjacent equipment.