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Business

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

    French satellite manufacturer U-Space has raised €24 million in funding to support its industrial ramp-up and its expansion into new markets.

    French Satellite Manufacturer U-Space Raises €24M in Series A Funding

    Toulouse-based small satellite manufacturer U-Space has secured €24 million in new funding to expand its production capacity and support its growth into international markets. U-Space...
    OHB has established the European Spaceport Company to consolidate its launch infrastructure projects, including its participation in the German Offshore Spaceport project.

    OHB Establishes the European Spaceport Company

    German space technology company OHB announced on 11 November that it had established a new subsidiary to consolidate its existing launch infrastructure projects. OHB is...
    Vodafone and AST SpaceMobile plan to establish a European Satellite Operations Centre in Germany to manage a new direct-to-smartphone satellite communications constellation.

    Vodafone and AST SpaceMobile to Launch “EU Satellite Constellation”

    UK-headquartered Vodafone Group and US satellite communications company AST SpaceMobile announced, on 7 November, that they had selected Germany as the location for a...
    Germany's Rheinmetall and Finland's ICEYE have established a joint venture to build satellites in a repurposed automotive facility in Neuss, Germany.

    Rheinmetall and ICEYE Partner to Build Satellites in Germany

    German technology group Rheinmetall and Finnish satellite manufacturer and Earth observation data provider ICEYE have officially established a joint venture to build satellites in...
    Germany's Reflex Aerospace has raised €50 million in new funding to accelerate the development of its satellite platform and expand its manufacturing capacity.

    German Satellite Maker Reflex Aerospace Closes €50M Funding Round

    Reflex Aerospace has closed a €50 million Series A funding round that will, in part, be used to expand the company’s existing manufacturing capacity. Founded...
    OHB has completed a full takeover of MT Aerospace, acquiring the remaining 30% stake from Apollo Capital Partners to become the company’s sole shareholder.

    OHB Purchases Remaining Stake in MT Aerospace

    German space technology company OHB has purchased the remaining 30 percent stake in MT Aerospace from Apollo Capital Partners, completing a full takeover of...
    OHB will acquire the TechniSat plant in Schöneck to expand its capacity to produce electronic components for its satellites amid growing demand.

    OHB to Acquire TechniSat Plant to Expand Production Capacity

    German satellite manufacturer OHB has committed to purchasing the TechniSat plant in Schöneck, which was slated to close by the end of the year....
    EnduroSat has raised $104 million to boost production at its new 17,500-square-metre Sofia facility, enabling it to build up to two 200–500 kg satellites per day.

    EnduroSat Secures $104M in New Funding to Boost Production Capacity

    Bulgarian satellite manufacturer EnduroSat has secured $104 million in new funding to ramp up its small satellite manufacturing capacity. EnduroSat was founded in 2015, and...
    The Exploration Company has opened its new 5,000-square-metre headquarters in Oberpfaffenhofen, Germany, where it will assemble and test its Nyx spacecraft.

    The Exploration Company Opens New HQ in Oberpfaffenhofen

    In-space logistics startup The Exploration Company has opened its new headquarters in Oberpfaffenhofen, Germany, with operations at the facility expected to begin in December. Founded...
    ArianeGroup to transfer responsibility for Vinci engine assembly and testing from France to Germany, with a new Lampoldshausen facility set to be built.

    ArianeGroup to Transfer Responsibility for Vinci Assembly to German Subsidiary

    ArianeGroup will transfer responsibility for the assembly of Ariane 6 Vinci upper-stage engines from Vernon, France, to Lampoldshausen, Germany. The agreement, signed on 24...
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