Tag: European Space Industry
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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…