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Business

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

ArianeGroup CEO suggests that the company may not have "understood the reality of the situation" when it promised a 2020 Ariane 6 debut.

ArianeGroup CEO Finally Says Quiet Part Out Loud

ArianeGroup CEO Martin Sion has suggested that the company may not have "understood the reality of the situation" when it promised to debut Ariane...
Beyond Gravity has unveiled a fairing design concept that would remain attached to a first stage to be recovered and reused.

Beyond Gravity Unveils Reusable Fairing Concept

Zurich-based Beyond Gravity has announced a reusable fairing concept that would be recovered along with the first stage of a rocket. Traditional fairings are created...
Sources have revealed that SaxaVord Spaceport owes its primary contractor approximately one million pounds that it can’t pay.

SaxaVord Owes Contractors Money it Can’t Pay

Shetland Space Centre Limited owes approximately one million pounds to Shetland-based DITT Construction for the development of SaxaVord spaceport, two sources told European Spaceflight....
Member states of the European Space Agency have allowed Avio to split with Arianespace, allowing the company to market and operate Vega itself.

Avio and Arianespace Finalize Divorce Terms

During the 2023 Space Summit in Seville, European Space Agency member states agreed to allow Avio to market and manage the launch of Vega...
ESA has agreed to provide €361 million in subsidies per year to ArianeGroup and Avio to support the operation of Ariane 6 and Vega C.

ArianeGroup to Receive €340M Per Year to Operate Ariane 6

Member states of the European Space Agency have committed to provide ArianeGroup with up to €340 million a year to operate Ariane 6. In...
Finnish startup Kuva Space has raised €16.6 million for a subscription-based hyperspectral imaging service.

Kuva Space Raises €16.6M for Subscription-Based Hyperspectral Imaging Service

Finnish Earth observation startup Kuva Space has closed an oversubscribed funding round that raised €16.6 million. The company announced on 2 November that it...
The UK branch of Rocket Factory Augsburg has received £3.5 million in ESA Boost! funding to further develop its launch infrastructure at SaxaVord.

RFA UK Receives £3.5M for SaxaVord Development

Rocket Factory Ltd, the UK-based subsidiary of the German launch startup Rocket Factory Augsburg (RFA), has received £3.5 million in funding from the UK...
The Italian government has requested that ESA grant permission for Avio to split from Arianespace.

Avio Just Needs Some Space from Arianespace

Italian rocket builders Avio have asked the European Space Agency to allow it to split from Arianespace and independently market its Vega launch vehicles. The...
German companies Rocket Factory Augsburg, Yuri, and ATMOS Space Cargo partner to launch the “Eva” microgravity service.

RFA, ATMOS, and Yuri Announce “Eva” Microgravity Service

German space companies Rocket Factory Augsburg, Yuri, and ATMOS Space Cargo have announced a new partnership to launch an end-to-end service for microgravity research....
Latitude has announced that it has expanded its factory floor space from 1,500 to 3,000 square metres as it prepares for the maiden flight of Zephyr.

Latitude Double Factory Floor Space

French launch startup Latitude has doubled its factory floor space in preparation for the first flight of its Zephyr launch vehicle. Latitude was founded in...

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