Business

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

Avio paid its CEO €460,000 in bonuses in 2023 even though Vega C remains grounded and the final Vega flight is in question.

Avio CEO Received €460K in Bonuses and Incentives for 2023

Italian rocket maker Avio has revealed that its CEO Giulio Ranzo received €459,800 in bonuses and other incentives for 2023. The CEO's total package...
Dawn Aerospace has expanded its European headquarters moving into a new 1,700 square metre building.

Dawn Aerospace Further Expands Its European Presence

Space transportation company Dawn Aerospace has expanded its European headquarters moving into a new 1,700 square metre building to keep up with the growth...
SUAS Aerospace is seeking €5 million in seed funding to begin developing rocket launch and testing facilities in Ireland.

Irish Launch Facility Startup Eyes US Investors for Seed Funding

Cork-based startup SUAS Aerospace announced that it has begun efforts to raise €5 million in seed funding. The company plans to use the funding...
The UK government has pledged to invest £10 million in funding to SaxaVord Spaceport in Scotland.

UK Government Pledges £10M in Funding to SaxaVord

The UK government has pledged £10 million in funding to SaxaVord Spaceport in Scotland, which is expected to host a maiden orbital launch later...
French maritime surveillance provider Unseenlabs has closed an €85 million Series C funding round.

Maritime Surveillance Provider Unseenlabs Closes €85M Funding Round

French maritime surveillance provider Unseenlabs announced on 27 February that it had closed an €85 million Series C funding round. The company’s Series C funding...
POLARIS Spaceplanes has announced that it has closed a significant bridge funding round to fund the development of AURORA.

POLARIS Spaceplanes Closes Bridge Funding Round

Bremen-based startup POLARIS Spaceplanes has secured additional investors to fund the development of its AURORA multipurpose spaceplane and hypersonic transport system. POLARIS announced on 27...
ESA has awarded €1.3 million in co-funding to PLD Space to develop a modular Miura 5 payload adapter.

ESA Awards €1.3M in Co-Funding to PLD for Miura 5 Payload Adapter

The European Space Agency announced 19 February that it had awarded €1.3 million in co-funding to PLD Space for the development of a modular...
Germany’s ATMOS Space Cargo has completed a €1.3-million seed funding extension to continue the development of its return capsule.

ATMOS Raises €1.3M More to Fund Development of Return Capsule

German NewSpace startup ATMOS Space Cargo has announced a €1.3-million extension of its seed funding round. The company first closed the round in June...
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...

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