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Business

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

CNES boss Philippe Baptiste claims subcontractors are unnecessarily pushing up the cost of Ariane 6 by tens of millions of euros.

CNES Boss Blames Contractors for Ariane 6 Being Too Expensive

CNES president Philippe Baptiste has claimed that subcontractors are unnecessarily pushing up the cost of Ariane 6 by tens of millions of euros. Baptiste made...
POLARIS Spaceplanes has announced that it has received a multi-million-euro investment from the Swiss-based Aero Challenge Group.

POLARIS Spaceplanes Secures “Multi-Million-Euro Investment”

Bremen-based startup POLARIS Spaceplanes has announced that it has secured a multi-million-euro investment from the Swiss-based Aero Challenge Group (ACG). POLARIS was founded in 2019...
Avio paid its CEO €460,000 in bonuses in 2023 even though Vega C remains grounded and the final Vega flight is in question.

Avio CEO Received €460K in Bonuses and Incentives for 2023

Italian rocket maker Avio has revealed that its CEO Giulio Ranzo received €459,800 in bonuses and other incentives for 2023. The CEO's total package...
Dawn Aerospace has expanded its European headquarters moving into a new 1,700 square metre building.

Dawn Aerospace Further Expands Its European Presence

Space transportation company Dawn Aerospace has expanded its European headquarters moving into a new 1,700 square metre building to keep up with the growth...
SUAS Aerospace is seeking €5 million in seed funding to begin developing rocket launch and testing facilities in Ireland.

Irish Launch Facility Startup Eyes US Investors for Seed Funding

Cork-based startup SUAS Aerospace announced that it has begun efforts to raise €5 million in seed funding. The company plans to use the funding...
The UK government has pledged to invest £10 million in funding to SaxaVord Spaceport in Scotland.

UK Government Pledges £10M in Funding to SaxaVord

The UK government has pledged £10 million in funding to SaxaVord Spaceport in Scotland, which is expected to host a maiden orbital launch later...
French maritime surveillance provider Unseenlabs has closed an €85 million Series C funding round.

Maritime Surveillance Provider Unseenlabs Closes €85M Funding Round

French maritime surveillance provider Unseenlabs announced on 27 February that it had closed an €85 million Series C funding round. The company’s Series C funding...
POLARIS Spaceplanes has announced that it has closed a significant bridge funding round to fund the development of AURORA.

POLARIS Spaceplanes Closes Bridge Funding Round

Bremen-based startup POLARIS Spaceplanes has secured additional investors to fund the development of its AURORA multipurpose spaceplane and hypersonic transport system. POLARIS announced on 27...
ESA has awarded €1.3 million in co-funding to PLD Space to develop a modular Miura 5 payload adapter.

ESA Awards €1.3M in Co-Funding to PLD for Miura 5 Payload Adapter

The European Space Agency announced 19 February that it had awarded €1.3 million in co-funding to PLD Space for the development of a modular...
Germany’s ATMOS Space Cargo has completed a €1.3-million seed funding extension to continue the development of its return capsule.

ATMOS Raises €1.3M More to Fund Development of Return Capsule

German NewSpace startup ATMOS Space Cargo has announced a €1.3-million extension of its seed funding round. The company first closed the round in June...

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