Business

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

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...
ArianeGroup CEO Martin Sion explained that when the programme began, a reusable Ariane 6 was "not economically interesting."

ArianeGroup CEO: Reusable Ariane 6 “Not Economically Interesting”

ArianeGroup CEO Martin Sion said on French public radio that unlike SpaceX with its Falcon 9 rocket, a reusable Ariane 6 was "not economically...
FAST has secured a €500k investment to begin development of the carrier aircraft for its HyperDart launch system.

Italian Startup FAST Secures €500K for Air-Launched HyperDart Rocket

FAST Aerospace has secured a €500,000 "Proof of Concept investment" to begin the development of a prototype of the ramjet engine that will power...
PLD Space has secured a €31.2 million syndicated loan to support the continued development of its Miura 5 rocket.

PLD Space Secure €31.2M Loan for Miura 5 Development

Spanish launch company PLD Space has secured a €31.2 million bank loan to continue the development of its Miura 5 rocket and to support...
An agreement on how to manage Vega C flights after Avio splits from Arianespace may offer competitors an opportunity to poach customers.

Could Avio’s Finalized Split from Arianespace Offer an Opening for Competitors?

European Space Agency member states have agreed on the details of how customers already booked to be launched aboard Vega C flights will be...
The Swedish Space Corporation has been tapped by ispace-U.S. to provide ground services for its upcoming Missions 3 flight.

Sweden’s SSC Tapped to Provide Ground Support for US Lunar Lander

The Swedish Space Cooperation (SSC) has signed a collaboration agreement with the US arm of the Japanese space company ispace to provide ground services...
Latitude has been awarded €15 million in new France 2030 to continue the development of its two-stage Zephyr rocket.

Latitude Awarded €15M in New France 2030 Funding

French rocket builder Latitude has been awarded €15 million by the French government to fund two development projects. Latitude is developing a two-stage rocket called...
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