Business

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

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,...
SUAS Aerospace aims to build a launch facility in Ireland to support suborbital and orbital launches from 2025.

SUAS Aerospace Aims to Launch Orbital Flights from Ireland

Irish startup SUAS Aerospace was founded in 2022 with the aim of building a launch facility in Ireland capable of supporting both suborbital and...
ESA will not open an investigation into how Avio lost and then destroyed a pair of tanks for the final Vega flight in 2024.

ESA Will Not Open an Investigation into How Vega Tanks Went Missing

The European Space Agency has told European Spaceflight that it does not intend to open an independent inquiry into how a pair of propellant...
HyImpulse and Orbex have received £6.7 million in UK Space Agency funding to prepare for the maiden flights of their respective launch vehicles.

HyImpulse and Orbex Received £6.7M in UK Space Agency Funding

The UK Space Agency has awarded £6.7 million in funding to Orbex and HyImpulse to "help cement the UK's position as Europe's leading destination...
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...
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