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Business

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

    Belgium’s EDGX has raised €2.3M to develop an AI-powered on-board computer for satellites, with three demonstration missions planned for 2026.

    EDGX Secures €2.3M to Build AI In-Orbit Data Processing System

    Belgium-based startup EDGX announced on 11 August that it had secured €2.3 million in seed funding to develop a high-performance, AI-capable on-board computer that...
    Dassault Aviation is pushing for its Vortex spaceplane initative to become an ESA programme, with a contract expected as early as next year.

    Dassault CEO Pushing for VORTEX to be Adopted as an ESA Project

    Dassault Aviation Chairman and CEO Eric Trappier has revealed that the company expects its VORTEX spaceplane project to be adopted as a European Space...
    Genesis Space Flight Laboratories has secured €300,000 in pre-seed funding to develop GEN, a spacecraft designed to host and return microgravity research payloads.

    Genesis SFL Secures €300,000 to Develop Gen Re-Entry Capsule

    Croatia-based Genesis Space Flight Laboratories has secured €300,000 in pre-seed funding to begin the development of GEN, a spacecraft designed to carry out frequent...
    Denmark's GomSpace has refinanced its €18 million European Investment Bank loan, with billionaire and major shareholder Peter Hargreaves taking over as the lender.

    GomSpace Refinances €18M European Investment Bank Loan

    Danish satellite manufacturer GomSpace has announced the refinancing of a SEK 200 million (€18 million) credit facility originally provided by the European Investment Bank...
    On 23 June, Orbex CEO Phil Chambers said that introducing its medium-lift Proxima rocket would allow it to compete on price with SpaceX.

    Orbex CEO Says Proxima Rocket Will Let It Compete on Price With SpaceX

    While speaking to the UK Engagement with Space Committee on 23 June, Orbex CEO Phil Chambers said the company would be able to compete...
    Space Cargo Unlimited has secured €12.5 million in new funding from the European Innovation Council for its BentoBox in-orbit testing and manufacturing platform.

    Space Cargo Unlimited Secures €12.5M for BentoBox In-Orbit Platform

    Luxembourg-based Space Cargo Unlimited has secured €12.5 million in funding from the European Innovation Council Accelerator to advance the development of its BentoBox in-orbit...
    Latitude commits €8 million to develop its new launch facility at the Guiana Space Centre, set to host the inaugural flight of its Zephyr rocket in 2026.

    Latitude Commits €8M to Launch Facility in French Guiana

    French launch services provider Latitude has announced that it will conduct the inaugural flight of its Zephyr rocket from the Guiana Space Centre in...
    Isar Aerospace secures €150 million in new funding via a convertible bond to expand its production facilities in Munich.

    Isar Aerospace Raises €150M Through Convertible Bond Agreement

    German launch services company Isar Aerospace has secured €150 million through a convertible bond agreement with Miami-based Eldridge Industries. Isar Aerospace conducted the inigural flight...
    Eutelsat has announced plans to raise €1.35 billion in new funding, just 24 hours after signing a €1 billion framework agreement with the French armed forces.

    Eutelsat Eyes €1.35B Capital Raise After Signing €1B Framework Deal

    Embattled European satellite operator Eutelsat, which merged with LEO satellite operator OneWeb in 2023, has announced plans to raise €1.35 billion in new funding,...
    POLARIS Spaceplanes has raised €5.4 million to advance its AURORA spaceplane and support commercial rollout.

    Germany’s POLARIS Spaceplanes Secures €5.4M in New Funding

    POLARIS Spaceplanes has secured €5.4 million in new funding through an oversubscribed top-up to its recent seed round. Founded in 2019, POLARIS Spaceplanes is developing...
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