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Business

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

Avio has reported revenues of €157.6M for the first half of 2023, an increase of 17% driven by covid recovery funds and defence contracts.

Avio Financials Boosted by EU Covid Recovery Funds and Missile Contracts

Avio has reported revenues of €157.6 million for the first half of 2023, an increase of 17.7% from the same period last year. The company...
Airbus and Voyager Space have announced an agreement to continue work on the commercial space station Starlab.

Airbus and Voyager Space Announce Commercial Space Station Partnership

US-based startup Voyager Space and Airbus Defence and Space have announced an agreement to develop, build, and operate Starlab, a commercial space station. The...
Public financial filings for 2022 show that MaiaSpace reported €3,49 million in expenses during its first year of operation.

MaiaSpace Reports Expenses of €3.49M in its First Year of Operation

In public filings submitted on 9 June, MaiaSpace reported total expenses of €3.49 million for its first year of operation ending 31 December 2022. The...
Thermal data startup constellar has secured additional funding that it plans to utilize to extend its market reach into the United States.

Thermal Data Startup Constellr Extends Seed Round to €17M

Thermal data startup constellr announced July 24 that it has secured additional funding extending its seed round to €17 million. Founded in 2020, constellr...
ATMOS Space Cargo has raised €4 million in seed funding to develop a capsule to return cargo from space.

ATMOS Space Cargo Raises €4M to Return Cargo from Space

ATMOS Space Cargo has announced the closure of an oversubscribed seed round that saw the company raise €4 million. Founded in 2021, ATMOS is...
ArianeGroup has renamed its GEOTracker space surveillance service to better reflect the the service's expanded capabilities.

ArianeGroup Renames its GEOTracker Space Surveillance Service

ArianeGroup announced June 6 that it had renamed its GEOTracker space surveillance service to Helix. With the new name, the company has also rolled...
ESA awards future launch system study contracts to ArianeGroup, Avio, SENER, and The Exploration Company.

ESA Awards Contracts to Define Future European Launch Systems

The European Space Agency awarded four contracts to industrial partners on 29 May to study solutions for future European expendable and reusable launch systems...
The Swedish Space Corporation has opened a subsidiary in Italy.

Swedish Space Corporation Opens Italian Subsidiary

The Swedish Space Corporation (SSC) announced 10 May that it had opened up a new subsidiary in Italy. The new subsidiary which is called...
Viasat received "unconditional clearance" from the UK competition authority to purchase Inmarsat.

Viasat Clears Latest Hurdle in Bid to Buy Inmarsat

US-based Viasat has received "unconditional clearance" from the UK's Competition and Markets Authority in its bid to acquire Inmarsat. The deal was first announced...
Avio win missile booster contract as government officials ask questions.

Avio Receives €90M in Orders as Democratic Party Officials Probe Company Dealings

Avio announced 17 April that it had received €90 million in new orders from MBDA Italy for boosters that will be used aboard Aster...

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