The global #SpaceEconomy is projected to climb 41% π over the next five years.
π«π· #Paris-based #Constelliumβs shares rose 69% last year. The #aluminum manufacturer provides plates and sheets for #BlueOriginβs #NewGlenn orbital rocket π
π¬π§ #UK-based #Hunting, which can trace its origins back 150 years, decided to move into the #space sector two years ago. It now provides parts for the landing legs of #SpaceX rockets π and fuel storage for #BlueOrigin
At the end of π 2022, the total funding πΆ secured by all #European πͺπΊ launch startups since 2011 was β¬419 million. In π 2023, that figure rose to β¬781 million, an 86% increase π in the industry's total funding to date. In the first month and a half of π 2024 alone, another β¬70.5 million has been added to that figure. With the addition of that early 2024 funding, the total comes to β¬850 million π° https://europeanspaceflight.substack.com/p/state-of-european-launch-startup
#Orbex #PLDSpace #MaiaSpace #RocketFactory #Augsburg #RFA #IsarAerospace
#Orbex will receive β¬5.6 million, #IsarAerospace β¬15 million, and both #RocketFactory Augsburg and #HyImpulse β¬11.8 million each https://europeanspaceflight.com/esa-awards-e44-2m-in-funding-to-four-european-rocket-builders
#HyImpulse announced a launch service agreement to begin flying from #SaxaVord π΄σ §σ ’σ ³σ £σ ΄σ Ώ #Spaceport. The suborbital flight is expected to lift off in Q3.
The vehicle uses a mix of paraffin-based solid fuel and liquid oxygen, and can carry up to 250 kg to an altitude of 200 km. #SR75 is 40% cheaper πΆ than traditional propulsion systems, according to HyImpulse https://payloadspace.com/hyimpulse-signs-launch-agreement-with-saxavord/
Spaceflight π
