Business

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

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...
The European Space Agency has signed an agreement with Axiom Space to collaborate on various projects over the next three years.

ESA Sign Agreement with Axiom Space

The European Space Agency has signed a Memorandum of Understanding with Axiom Space to explore collaborations in the fields of human spaceflight, science, technology,...
Alba Orbital has announced that it has begun moving into its new 500 square metre PocketQube manufacturing facility.

Alba Orbital Move into new PocketQube Manufacturing Facility

Scottish satellite builder and mission management company Alba Orbital announced 2 October that it had begun the process of moving into a new manufacturing...
Italian launch startup Sidereus Space Dynamics has raised €5.1M in Seed+ funding to complete the pre-flight and initial flight testing of its EOS vehicle.

Italian Launch Startup Sidereus Space Raises €5.1M in Seed+ Funding

Italian launch startup Sidereus Space Dynamics has closed a €5.1 Million Seed+ investment round. The company aims to utilize the funding to conduct its...
ArianeGroup has made a €27 million investment into its microlauncher subsidiary MaiaSpace.

ArianeGroup Invests €27M More into MaiaSpace

As per public filings, ArianeGroup completed a €27 million investment into MaiaSpace on 27 June 2023. Filings indicate that MaiaSpace issued an additional 6.75...

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