Magdrive has announced the closure of a $10.5 million (€9.99 million) seed round to advance its high-thrust electric propulsion technology.

Magdrive Raises $10.5M to Advance Satellite Propulsion Systems

UK-based in-space propulsion company Magdrive has announced the closure of a $10.5 million (€9.99 million) seed round to advance its high-thrust electric propulsion technology. Founded...
ATMOS Space Cargo has secured €13.1 million in new funding to accelerate the development of its PHOENIX 2 capsule and complete its first two flights.

ATMOS Secures €13.1M in New Funding for PHOENIX 2 Capsule

Germany’s ATMOS Space Cargo has been awarded €13.1 million in funding from the European Commission’s EIC Accelerator Programme. The company will use the funding...
Orbex's move to develop its medium-lift Proxima rocket is directly tied to its European Launcher Challenge bid, aiming to fund its development with the €150 million award.

Orbex Betting the Farm on Its European Launcher Challenge Bid

UK-based rocket builder Orbex has revealed that it is counting on a positive outcome from its European Launch Challenge bid to fund the development...
The UK Government has invested £20 million into Orbex to support the first flight of Prime and boost the company’s European Launcher Challenge bid.

UK Government Backs Orbex with £20M Investment

The UK Government has announced a £20 million (€23,8 million) investment in Orbex to support the construction and launch of its first Prime rocket...
Kurs Orbital secures a €1.1M soft loan to continue developing its ARCap universal rendezvous and proximity operations module.

Kurs Orbital Secures €1.1M for In-Orbit Rendezvous and Docking Module

Turin-based Kurs Orbital has secured a €1.1 million soft loan to continue the development of its universal rendezvous and proximity operations module. Kurs Orbital was...
ESA approves a preliminary budget for 2025 of €7.7 billion, which is down slightly from €7.79 billion in 2024.

ESA Council Approves Initial €7.7B 2025 Budget

The European Space Agency Council has approved a preliminary budget of €7.7 billion for 2025, reflecting a slight decrease from the €7.79 billion allocated...
Finnish Earth observation company ICEYE has extended its growth funding round by $65 million, bringing the total to $158 million.

Finland’s ICEYE Secures $65M in Additional Funding

Finnish Earth observation company ICEYE announced on 18th December that it had extended its growth funding round, securing an additional $65 million (€61,98 million)....
French satellite propulsion startup ION-X has secured €13 million in new funding to begin the industrialization of its ion thrusters.

French Propulsion Startup ION-X Secures €13M in New Funding

Satellite propulsion startup ION-X has announced that it has secured €13 million in new funding, which it will use to scale up the production...
Former NASA Deputy Administrator Lori Garver has accepted a strategic advisory role at Germany’s ATMOS Space Cargo.

Former NASA Deputy Administrator Lori Garver Joins ATMOS

Former NASA Deputy Administrator Lori Garver has accepted a strategic advisory role at Germany’s ATMOS Space Cargo, a company aiming to commence commercial space...
MaiaSpace CEO Johann Leroy has suggested that a partnership with Italian rocket builder Avio could benefit both companies.

MaiaSpace CEO Suggests Partnership with Avio Could Benefit Europe

MaiaSpace CEO Johann Leroy has suggested that a partnership with Italian rocket builder Avio could benefit both companies and bolster Europe’s independent access to...
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