Space technology is dynamic and rapidly evolving, demanding continuous innovation, which is why startups are uniquely positioned to offer fresh ideas and agile solutions. Startup involvement not only accelerates technological advancements, but also fosters competition and an environment of creativity and collaboration.
Across Europe, pioneering start-ups are leading this transformation, introducing groundbreaking solutions that are redefining our approach to space technology. These start-ups are more than just innovators: they are playing a key role in setting new standards for how we explore and harness space to create a sustainable future.
In this article, we take a closer look at this exciting field and select 10 promising startups that are driving innovation in space technology and helping to create a greener, more connected planet. From Munich to Paris, Berlin to Toulouse, these startups are using advanced technologies and innovative business models to make space technology more efficient and accessible.
The World’s Leading HAPS Platform: Zephyr
AALTO: Hampshire-based AALTO specializes in the development and manufacture of High Altitude Platform Stations (HAPS), specifically the AALTO Zephyr aircraft. This innovative HAPS aircraft is designed for continuous operations in the stratosphere and aims to enhance global connectivity through low-latency 5G non-terrestrial mobile connections that connect directly to devices. Founded in 2022, the company has raised €91.9 million to leverage this technology to improve and save lives by providing a new dimension of connectivity.
AIRMO Team
AIRMO: Based in Bavaria, AIRMO supports direct emitters, decision-makers and financial institutions in the transition to net zero by monitoring direct emissions from space. With roots in innovation and a commitment to environmental responsibility, AIRMO aims to revolutionize GHG monitoring through advanced satellite technology, proprietary LiDAR equipment and data analytics. Founded in 2022, AIRMO has raised 5.27 million euros to manage humanity’s impact on the planet.
ATMOS Space Cargo: Baden-based ATMOS Space Cargo develops and manufactures space capsules for the return of cargo, microgravity experiments and commercial products (including all rocket stages) from space. The company’s technology aims to facilitate efficient return logistics from space and enhance the capabilities of space missions. ATMOS plans to enter the market with a first demonstration mission at the end of 2024. Founded in 2021, the company has raised 5.3 million euros.
blackshark.ai: Graz-based blackshark.ai provides a 3D digital twin of the Earth by extracting information from satellite imagery and automatically reconstructing detected attributes in photorealistic 3D. The company’s scalable AI platform detects features around the world with incredible accuracy and speed, enabling powerful visualization and simulation applications across a range of industries. Founded in 2020, blackshark.ai has raised €32.18 million with the backing of Microsoft venture fund M12 and Silicon Valley VC Point72 Ventures.
Dark: Based in Paris, DARK specializes in space security, removing space debris to protect the Earth and space activities. It prioritizes removing large objects that would cause dangerous re-entry. The company’s Interceptor platform handles unplanned missions such as emergency debris removal. Founded in 2021, the company has raised over 10 million euros to meet the unpredictable needs of space security.
Greg Wyler, CEO of E-Space
E-Space: Based in Toulouse, E-Space is a global space company focused on building the world’s most sustainable network of low earth orbit (LEO) satellites. The company uses advanced IoT and AI for smart, automated decision-making. Its affordable systems make space accessible and safe. E-Space supports a variety of industries, including government, defense, agriculture, and logistics. Founded in 2021, E-Space has raised €45.97 million with the aim of revolutionizing LEO systems.
Zephyr
Latitude: A pioneering rocket launch company based in Reims, committed to advancing space technology and facilitating a brighter future. The company specializes in launching small satellites using its 19m Zephyr lightweight rocket powered by a 3D printed Navier engine. Founded in 2019, Latitude has raised €34.84 million. It aims to provide cost-effective and reliable launch solutions for small satellites, improving access to space for a variety of applications.
Reflex Aerospace: Based in Berlin, Reflex Aerospace specializes in fast, payload-centric, dual-use small satellite solutions. The company designs and develops satellites for a variety of applications, including Satcom, Earth observation and LEO PNT. Reflex’s unique design process ensures high reliability, the highest performing core avionics, fast delivery and includes all non-recurring costs. Founded in 2021, Reflex Aerospace has raised €10.25M to deliver rapid innovation in space without compromise or surprises.
Nix
The Exploration Company: Munich-based The Exploration Company is committed to building an accessible, sustainable and collaborative space world. The company focuses on developing its core technologies in-house to ensure high reliability and performance. Its modular and reusable spacecraft, Nyx, can be refueled in orbit, uses environmentally friendly propellants and has an open-source operating system. Founded in 2021, the company has raised 46.8 million euros to serve the needs of space stations around the Earth and Moon.
Vyoma: Munich-based Vyoma specializes in advanced space traffic management, providing insights to optimize operations and mitigate risk. The company provides collision avoidance for commercial operators and orbital data from LEO to GEO for defense operators. Its global sensor network with real-time mapping of space objects provides accurate data to enable informed decisions. Founded in 2020, Vyoma has raised €16 million to ensure satellite safety as space traffic grows.
By the way, if you are a company or investor looking for attractive startups for investment or acquisition potential in a specific market, check out our Startup Sourcing service.
