Tag: European Space Industry
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European Commission Targets €65 Billion for Space in 2028–2034 EU Budget
The European Commission wants space activities to receive half of a proposed €131 billion defense, security and space funding envelope for 2028–2034, European Commissioner for Defence and Space Andrius Kubilius said in Paris. The proposed split would direct approximately €65.5 billion to space programs over seven years, substantially elevating space within the European Union’s next…
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The Exploration Company Raises $450 Million for Nyx Space Capsule and Storm Rocket Engine
European space logistics startup The Exploration Company has raised $450 million (€387 million) in Series C funding to advance its reusable Nyx cargo capsule and Storm rocket engine. Announced on September 8, the financing brings the company’s total funding since its establishment in 2021 to approximately $680 million. The round was co-led by U.S. venture…
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HyImpulse Raises More Than €50 Million Ahead of Second SR75 Launch
German launch vehicle developer HyImpulse announced September 2, 2026, that it had raised more than €50 million, approximately $58 million, in a Series A extension to advance its suborbital SR75 and orbital SL1 rockets. The financing comes as the company prepares for a second SR75 flight from SaxaVord Spaceport in Scotland before the end of…
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EO Satellites Beat Telecom in European Space Sales
Has Earth Observation Displaced Telecom as Europe’s Top Space Revenue Segment? Yes — and by a measurable margin. Earth observation satellite manufacturing sales surpassed telecommunications systems by 24% in 2025, according to Eurospace’s latest Facts and Figures report, presented July 7 in Milan. The shift marks the end of telecom’s historical dominance as the primary…
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NewOrbit Raises $18.5 Million to Commercialize Very Low Earth Orbit Satellite Operations
European satellite manufacturer NewOrbit has closed an oversubscribed $18.5 million Series A funding round to accelerate the commercialization of very low Earth orbit (VLEO), a region of space that has historically been considered too challenging for long-term commercial operations. The funding round was led by Voyager Ventures and included participation from several new and existing…
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PLD Space Invests €35 Million in Launch Complex at Guiana Space Centre
PLD Space has announced plans to invest €35 million ($40.8 million) in the development of its launch complex at the Guiana Space Centre (CSG) in Kourou, French Guiana. The investment will be carried out between 2025 and 2026 and is intended to support the company’s upcoming Miura 5 launch vehicle program. First Private Operator at…
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ESA Calls on SMEs to Design Fully Reusable Spaceplane Launch System
European Space Agency has issued a call for proposals to design a fully reusable and responsive launch system based on spaceplanes, targeting small- and medium-sized enterprises (SMEs) rather than established prime contractors. The call, published on 27 February, seeks proposals for at least two distinct design concepts that could demonstrate how lift-generating spaceplanes might provide…