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Business

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

PLD Space has been awarded a €40.5 million loan from the Spanish Government to complete the development of Miura 5.

Spanish Government Awards €40.5M Loan to PLD Space for Miura 5

PLD Space has won the second and final round of a Spanish government call to develop sovereign launch capabilities. On 30 January 2023, the...
Venture capital fund Expansion has announced that it has raised €100 million to invest in European New Space companies.

Expansion Raises €100M to Invest in European New Space Startups

Two years after its initial launch, European venture capital fund Expansion Ventures announced 23 January that it had raised €100 million. The fund was...
French Space situational awareness startup Share My Space has closed a €10 million Series A and been renamed to Aldoria.

Share My Space Raises €10M and Takes on a New Name

French Space situational awareness startup Share My Space has closed a €10 million Series A funding round. With the 23 January announcement, the company...
French launch startup Latitude has closed a $30M Series B funding to continue the development of its Zephyr launch vehicle.

French Launch Startup Latitude Closes $30M Series B

Latitude announced on 22 January that it had closed a $30 million (€27.5 million) Series B funding round to support the development of its...
New Orbex CEO Phil Chambers explains that while the focus is on launching the maiden flight of Prime, the company is exploring a larger vehicle.

New Orbex CEO Says Larger Vehicle “On The Table”

While UK-based launch startup Orbex is currently focusing on completing the construction of Sutherland Spaceport and launching the maiden flight of its microlauncher Prime,...
UK-based satellite antenna manufacturer Oxford Space Systems has raised £3 million to fund high-growth product opportunities.

Oxford Space Systems Secures £3M in Additional Funding

UK-based deployable antenna manufacturer Oxford Space Systems has raised £3 million in funding that will be used to support the company's growth. While Oxford Space...
UK-based Blue Abyss has completed the purchase of land in Ohio to build a facility that it hopes will be used for astronaut training.

UK-Based Blue Abyss to Build Astronaut Training Facility in Ohio

Blue Abyss has announced that it has completed the purchase of 12 acres of land in Brook Park, Ohio, that will be used to...
Italian space logistics company D-Orbit announced that it closed a €100 million Series C funding round to expand its offering.

Italian Space Logistics Company D-Orbit Closes €100M Funding Round

Following a successful 2023 that saw it launch six missions, Italian space logistics company D-Orbit has announced that it has closed a €100 million...
ArianeGroup’s investment in MaiaSpace will increase from approximately €40M to €125M as the company pursues a 2025 maiden launch.

ArianeGroup to Increase MaiaSpace Investment to €125M

ArianeGroup has committed to increasing its investment in the company's launch startup subsidiary, MaiaSpace, from approximately €40 million to €125 million. MaiaSpace was founded in...
SaxaVord Spaceport has raised an additional £2.25 million in funding and has begun paying contractors who left the site in July over outstanding bills.

Progress Made at SaxaVord, but Questions Remain

Last month, the UK’s Civil Aviation Authority awarded a spaceport licence to SaxaVord, granting it permission to perform 30 launches per year from Unst,...

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