The global space economy reached $418 billion in 2024, projecting 6.7% CAGR through 2034. With European spacetech at a critical juncture, here’s a great round-up from @techfundingnews of the continent’s most promising space ventures:
Launch Services
- Isar Aerospace (Germany): $451M funding, developing launch vehicles for satellite constellations with NATO Innovation Fund and others backing it
- PLD Space (Spain): Made history with MIURA 1 in 2023 (Europe’s first private rocket to reach space), targeting 30+ annual launches by 2030
Satellite Innovation
- ICEYE (Finland): $427M funding, operating one of the world’s largest SAR satellite constellations for all-weather Earth observation
- Infinite Orbits (France): Recently raised €12M for their satellite life extension technology launching in 2026
Sustainable Space
- The Exploration Company (Germany): $215M raised, developing Nyx, a reusable spacecraft for Earth and lunar operations
- ClearSpace (Switzerland): $37.3M funding, preparing for the world’s first debris removal mission in 2026
In fact, spacetech is growing exponentially in India. Time to see some cross-country collaboration, what say?
Read more: The next SpaceX? These UK & European spacetech startups are taking off in 2025 — TFN