Close Menu
Stratnews GlobalStratnews Global
    Facebook X (Twitter) Instagram
    Trending
    • India, U.S. Reach Trade Deal on Goods and Agriculture
    • World Laureates Summit 2026 Highlights Innovative AI Applications
    • Nintendo Maintains Nintendo Switch 2 Profit and Sales Outlook
    • Ben An Uses AI Tools to Prepare for LIV Golf 2026
    • China, Hong Kong Markets Hover Amid Tech Losses, Defence Gains
    • SpaceX xAI Acquisition Breaks Records in Tech Sector
    • Artemis II Mission Marks Humanity’s Return to the Moon
    • Nvidia Confirms Massive Investment In OpenAI Amid $100 Billion Talks
    Stratnews GlobalStratnews Global
    Write for Us
    Wednesday, February 4
    • Space
    • Science
    • AI and Robotics
    • Industry News
    Stratnews GlobalStratnews Global
    Home » ESA Strengthens European Launch Startups with €44 Million Boost!

    ESA Strengthens European Launch Startups with €44 Million Boost!

    Arushi PandeyBy Arushi PandeyNovember 20, 2024 Space No Comments3 Mins Read
    ESA

    European Space Agency Boosts Funding for Launch Vehicle Startups

    The European Space Agency (ESA) is injecting additional funds into four launch vehicle startups to aid the development and testing of their rockets. Through its “Boost!” programme, ESA has extended contracts worth €44.22 million ($46.7 million) to HyImpulse, Isar Aerospace, Orbex, and Rocket Factory Augsburg (RFA).

    Supporting ESA Launch Ambitions

    These funds aim to bolster Europe’s emerging space industry as companies prepare for their inaugural launches. “Europe’s emerging commercial launch service providers are pushing towards their first launches,” said Toni Tolker-Nielsen, ESA’s director of space transportation. “We are very interested to see their rockets deliver.”

    Isar Aerospace announced it has secured €15 million from this funding. The company will use the investment to test its Spectrum small launch vehicle, planning its first two flights. While Isar initially aimed for Spectrum’s debut by year-end, recent updates on its launch progress remain unavailable.

    Orbex and HyImpulse Advance Key Projects

    Orbex received €5.6 million to continue testing its Orbex Prime microlauncher. CEO Phil Chambers highlighted that the funding allows Orbex to take significant steps toward its inaugural launch, anticipated in 2025.

    HyImpulse was allocated €11.8 million for its SL1 orbital launch vehicle. This funding will support development of a hybrid engine, advanced avionics, and a third-stage propulsion system. CEO Christian Schmierer expressed optimism, noting the investment aligns with the growing demand for small satellite launches.

    RFA Rebuilds After Setback

    Rocket Factory Augsburg, which lost the first stage of its RFA ONE rocket in an August static-fire test, also received €11.8 million. The funds will enable the company to rebuild the stage and resume testing. RFA’s Chief Commercial Officer Jörn Spurmann called Boost! “a crucial investment in Europe’s future space access.”

    Addressing European Space Independence

    The funding comes as Europe continues to grapple with its reliance on non-European launch providers. Despite progress, such as the inaugural Ariane 6 launch in July and the anticipated return of Vega C in December, concerns persist about Europe’s autonomy in space access.

    Stella Guillen, Chief Commercial Officer of Isar Aerospace, emphasised the need for structural changes. “To become competitive globally, we need institutions and governments to clearly shift from funding the development to becoming frequent customers,” she said.

    Phil Chambers echoed the sentiment during a panel at Space Tech Expo Europe. He argued that Europe must invest in sovereign capabilities to secure its place in the global space industry. “Never let a good crisis go to waste,” he concluded.

    Author

    • Arushi Pandey
      Arushi Pandey

      View all posts
    Featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp
    Arushi Pandey

      Keep Reading

      India, U.S. Reach Trade Deal on Goods and Agriculture

      World Laureates Summit 2026 Highlights Innovative AI Applications

      Nintendo Maintains Nintendo Switch 2 Profit and Sales Outlook

      Ben An Uses AI Tools to Prepare for LIV Golf 2026

      China, Hong Kong Markets Hover Amid Tech Losses, Defence Gains

      SpaceX xAI Acquisition Breaks Records in Tech Sector

      Add A Comment
      Leave A Reply Cancel Reply

      Anti Drone System (CUAS)
      Latest Posts

      India, U.S. Reach Trade Deal on Goods and Agriculture

      February 3, 2026

      World Laureates Summit 2026 Highlights Innovative AI Applications

      February 3, 2026

      Nintendo Maintains Nintendo Switch 2 Profit and Sales Outlook

      February 3, 2026

      Ben An Uses AI Tools to Prepare for LIV Golf 2026

      February 3, 2026

      China, Hong Kong Markets Hover Amid Tech Losses, Defence Gains

      February 3, 2026

      SpaceX xAI Acquisition Breaks Records in Tech Sector

      February 3, 2026

      Artemis II Mission Marks Humanity’s Return to the Moon

      February 3, 2026

      Nvidia Confirms Massive Investment In OpenAI Amid $100 Billion Talks

      February 2, 2026

      Indonesia Restores Grok Access After X Commits To Compliance

      February 2, 2026

      India Grants 20-Year Tax Holiday For Foreign Data Centres

      February 2, 2026

      Subscribe to News

      Get the latest sports news from NewsSite about world, sports and politics.

      • Astronomical Events
      • Space Missions
      • Industry News
      • Science
      StratNewsGlobal Tech
      Facebook X (Twitter) Instagram LinkedIn YouTube
      © 2026 StratNews Global, A unit of BharatShakti Communications LLP
      • About Us
      • Contributors
      • Copyright
      • Contact
      • Write for Us

      Type above and press Enter to search. Press Esc to cancel.