Business

Insights into the business side of the European space industry, including company news, mergers, and financial reports.

Latitude has secured France 2030 funding to support construction of its new Reims rocket factory, increasing Zephyr production capacity to 50 rockets per year.

Latitude Secures France 2030 Funding to Build Reims Factory

The French government has awarded Latitude funding to support the construction of its new rocket factory in Reims, which is expected to open in...
Sateliot secures €70M in Series B funding to accelerate the deployment of its 100-satellite 5G IoT constellation, aiming to reach €1 billion in revenue by 2030.

Spanish satellite operator Sateliot closes €70M Series B

Sateliot has closed a €70 million Series B funding round that it will use to accelerate the deployment of its low Earth orbit constellation. Founded...
Spain’s Pangea Aerospace has secured €23 million in Series A funding, with contributions from former ArianeGroup CEO André-Hubert Roussel.

Pangea Aerospace Raises €23M in Series A Funding

Spanish rocket propulsion company Pangea Aerospace has raised €23 million in Series A funding, with contributions from former ArianeGroup CEO André-Hubert Roussel. Founded in 2018,...
Magdrive has announced the closure of a $10.5 million (€9.99 million) seed round to advance its high-thrust electric propulsion technology.

Magdrive Raises $10.5M to Advance Satellite Propulsion Systems

UK-based in-space propulsion company Magdrive has announced the closure of a $10.5 million (€9.99 million) seed round to advance its high-thrust electric propulsion technology. Founded...
ATMOS Space Cargo has secured €13.1 million in new funding to accelerate the development of its PHOENIX 2 capsule and complete its first two flights.

ATMOS Secures €13.1M in New Funding for PHOENIX 2 Capsule

Germany’s ATMOS Space Cargo has been awarded €13.1 million in funding from the European Commission’s EIC Accelerator Programme. The company will use the funding...
Orbex's move to develop its medium-lift Proxima rocket is directly tied to its European Launcher Challenge bid, aiming to fund its development with the €150 million award.

Orbex Betting the Farm on Its European Launcher Challenge Bid

UK-based rocket builder Orbex has revealed that it is counting on a positive outcome from its European Launch Challenge bid to fund the development...
The UK Government has invested £20 million into Orbex to support the first flight of Prime and boost the company’s European Launcher Challenge bid.

UK Government Backs Orbex with £20M Investment

The UK Government has announced a £20 million (€23,8 million) investment in Orbex to support the construction and launch of its first Prime rocket...
Kurs Orbital secures a €1.1M soft loan to continue developing its ARCap universal rendezvous and proximity operations module.

Kurs Orbital Secures €1.1M for In-Orbit Rendezvous and Docking Module

Turin-based Kurs Orbital has secured a €1.1 million soft loan to continue the development of its universal rendezvous and proximity operations module. Kurs Orbital was...
ESA approves a preliminary budget for 2025 of €7.7 billion, which is down slightly from €7.79 billion in 2024.

ESA Council Approves Initial €7.7B 2025 Budget

The European Space Agency Council has approved a preliminary budget of €7.7 billion for 2025, reflecting a slight decrease from the €7.79 billion allocated...
Finnish Earth observation company ICEYE has extended its growth funding round by $65 million, bringing the total to $158 million.

Finland’s ICEYE Secures $65M in Additional Funding

Finnish Earth observation company ICEYE announced on 18th December that it had extended its growth funding round, securing an additional $65 million (€61,98 million)....
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