Italian asset manager Azimut Group has completed a €110 million club deal to invest in D-Orbit, a provider of orbital logistics services and infrastructure for space operations, the company said on Thursday.
The fundraising reached its target in less than two weeks, highlighting strong investor appetite for exposure to the space infrastructure sector, which is increasingly seen as a strategic pillar of the emerging global space economy.
The investment was carried out through a dedicated Luxembourg vehicle, Azimut Direct Investments SCA-SICAV-RAIF – D-Orbit, enabling around 1,500 clients advised by Azimut’s financial advisors and wealth managers in Italy to participate in the transaction.
The deal combines Azimut’s participation as lead investor in an ongoing capital increase, aimed at supporting D-Orbit’s industrial and technological expansion, with secondary market share purchases by other investors to strengthen the shareholder base and support the company’s international growth.
Founded in 2011, D-Orbit has established itself as a specialist in satellite transport, deployment and in-orbit services. The company operates across Europe, the United States and the United Kingdom and works with major space agencies and private-sector operators. Its flagship ION Satellite Carrier platform enables precise satellite deployment in orbit, reducing mission duration, cost and operational complexity, and forms part of a broader family of satellite platforms designed to support the rapid growth of satellite constellations.
Industry analysts expect the space economy to accelerate from 2026, with the number of satellites in orbit set to rise sharply over the next decade. Demand for orbital positioning, in-orbit servicing and space logistics is forecast to increase in parallel, driven by applications including telecommunications, Earth observation, climate monitoring, defence and autonomous mobility.
Azimut said the proceeds from the club deal will be used to expand D-Orbit’s international footprint, scale industrial capacity linked to ION missions and advance its technology roadmap, reinforcing the company’s position in the global space ecosystem.
“The success of this new club deal once again confirms Azimut’s ability to bring private clients closer to the greatest opportunities in the real economy,” said Giorgio Medda, chief executive of Azimut Group. He added that supporting D-Orbit’s growth meant investing in Europe’s and Italy’s long-term technological competitiveness.
Luca Rossettini, chief executive of D-Orbit, said Azimut’s entry as lead investor was a strong vote of confidence in the company’s industrial and technological strategy. “This initial closing strengthens our ability to continue growing with a long-term vision, maintaining a solid industrial approach consistent with the challenges of a rapidly evolving sector,” he said.
