Business

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

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...
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...
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