Tag: European space
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Creotech targets $118M raise to quadruple satellite output to 40 units
How will Creotech’s $118M expansion reshape European satellite manufacturing? Creotech Instruments plans to raise $118 million to quadruple its satellite production capacity from 10 to 40 units annually by 2029, positioning the Polish company as a major European smallsat manufacturer. The Warsaw-based firm will use the funding to construct a new production facility in Poland,…
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Sweden Deploys First Military Reconnaissance Satellite
Sweden has successfully deployed its first dedicated military reconnaissance satellite, achieving orbital insertion on May 3, 2026, marking the Nordic nation’s entry into sovereign space-based intelligence capabilities. The satellite, launched aboard a European launch vehicle into a sun-synchronous polar orbit at approximately 600 km altitude, represents a €200 million investment in Sweden’s national defense infrastructure.…