Business

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

French space tug startup OsmosX has secured more than €2 million in new funding to finance the development of its demo mission.

Mysterious French Space Tug Startup OsmosX Secures €2M+ in Funding

French startup OsmosX has secured more than €2 million in new funding to continue the development of its multi-use space tug. The funding round was...
Aerospacelab has officially broken ground on its new megafactory, which will be capable of producing up to 500 satellites a year.

Aerospacelab Breaks Ground on Satellite Megafactory in Belgium

Belgian-based Aerospacelab has broken ground on a satellite manufacturing megafactory that, once operational, will be capable of producing up to 500 satellites a year....
The Exploration Company has hired Blue Origin's director of human spaceflight, Mark Kirasich to head up its US operations.

The Exploration Company’s New Hire Will Drive Human Spaceflight

The Exploration Company has hired Blue Origin's director of human spaceflight, Mark Kirasich, as its vice president of US operations. According to the company's...
Toulouse-based Infinite Orbits has raised €12 million in new funding to accelerate the development of its satellite life extension service.

Infinite Orbits Raises €12M For Satellite Life Extension System

French in-orbit services company Infinite Orbits has raised €12 million to accelerate the development of its satellite life extension system. Infinite Orbits was founded in...
An Avio shareholder has questioned the company’s commitment to improving the reliability of its launch service.

Avio Shareholder Questions Company’s Commitment to Reliability

In the lead-up to Avio's annual shareholder meeting, one of its shareholders has questioned what impact negative launch events have had on the company's...
Finland’s ICEYE has closed a $93 million growth funding round to accelerate the growth of its SAR satellite constellation.

Earth Observation Provider ICEYE Secures $93M in New Funding

Finnish Earth observation data provider ICEYE announced 17 April that it had closed a $93 million (Є87.3 million) growth funding round. The funding will...
UK rocket builder Orbex has announced that it has secured £16.7 million in additional funding as it prepares for the debut of Prime.

UK Rocket Builder Orbex Secures An Additional £16.7M in Funding

Orbex announced on 18 April that it had secured £16.7 million in additional funding to complete the construction of Sutherland Spaceport and launch the...
Munich-based Vyoma has secured Є5 million in funding to accelerate the development of its space situational awareness service.

Space Surveillance Company Vyoma Secures Є5M in New Funding

Munich-based space situational awareness company Vyoma has secured an additional €5 million in funding from a fund backed by the European Investment Fund (EIF). Vyoma...
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...
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