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Business

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

Italian in-space logistics company D-Orbit has raised an additional €50 million, extending its Series C funding round to €150 million.

D-Orbit Extends Series C Funding Round, Raising €150M

Italian in-space logistics company D-Orbit has announced that it has extended its Series C funding round to €150 million. Established in 2011, D-Orbit offers last-mile...
Arianespace CEO Stéphane Israël doubts that “Europe can afford two heavy rockets” as it looks toward a future replacement for Ariane 6.

“Competition Might Have Its Limits,” Says Arianespace CEO

Arianespace CEO Stéphane Israël has suggested that focusing on competition may not be the best approach in developing an Ariane 6 successor. In an interview...
The European Commission has partnered with SPACE AISBL and committed €100 million to improve the Competitiveness of the European space industry.

EU Commits €100M to Improve Competitiveness of European Space Industry

The European Commission announced 10 September that it has signed an agreement with SPACE AISBL to co-manage the European Partnership for Globally Competitive Space...
Investment firm KKR has received regulatory approval to purchase a minority stake in German space company OHB.

KKR Receives Regulatory Approval for OHB Minority Stake Purchase

US-headquartered investment firm KKR has received final regulatory approvals to proceed with the purchase of a 28.6% minority stake in German space company OHB. In...
Rocket Factory Augsburg has released more than one and a half minutes of footage of its failed RFA ONE first stage static fire test.

RFA Release Footage of Failed RFA ONE Static Fire Test

Rocket Factory Augsburg has released footage of its failed RFA ONE static fire test that resulted in the destruction of the first stage the...
The Exploration Company has launched a recruitment drive that will see it increase its ranks by as much as 40%.

The Exploration Company to Increase Workforce by 40%

In-space logistics provider The Exploration Company has launched a large recruitment drive. The company is currently hiring for 51 open positions. Founded in 2021,...
The Exploration Company has revealed that since its founding in 2021, it has secured $770 million in contracts.

The Exploration Company Has Secured $770M in Contracts

The Exploration Company has revealed that just over three years after its founding, it has already secured $770 million (€704.5 million) in contracts. Founded in...
German airline Lufthansa has been tapped by Airbus to develop training for Starlab astronauts.

Airbus Taps Lufthansa to Provide Starlab Astronaut Training

Airbus Defence and Space and Lufthansa Aviation Training have agreed to cooperate in the development of an effective training process for the crews of...
POLARIS Spaceplanes has signed an agreement with DLR to explore how to integrate spaceplanes into commercial airspace.

POLARIS and DLR to Explore Integrating Spaceplanes in Commercial Airspace

The German space agency DLR has signed an agreement with POLARIS Spaceplanes to explore how to integrate regular spaceplane and hypersonic vehicle flights into...
Genesis SFL has been confirmed as the first customer to sign on to The Exploration Company’s Mission Possible demonstration.

The Exploration Company Confirms Mission Possible Sold Out

Hungarian space company Genesis SFL announced on 30 July that it has secured a spot aboard The Exploration Company’s Mission Possible demonstrator. The space...

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