European spacetech companies attracted approximately €2.8 billion in funding during H1 2026, reflecting continued investor interest in satellite infrastructure, space intelligence, launch services and advanced propulsion technologies.
Investment was concentrated in a relatively small number of large transactions, with France and Finland attracting the largest shares of funding, followed by Germany and Spain. Meanwhile, smaller rounds supported emerging companies developing technologies for orbital mobility, space manufacturing and satellite data services.
Debt financing also played a significant role, reflecting the sector's capital-intensive nature and the need to finance infrastructure development, technological advancement and commercial expansion.
For further insights into funding trends across the European technology ecosystem, explore Tech.eu's Funding Explorer, which is free and open to everyone.
Here are the European spacetech companies that raised the most funding in H1 2026.
Eutelsat (France)
Amount raised in H1 2026: €975M
Paris-based Eutelsat provides satellite communications and broadcasting services to customers worldwide. Following its combination with OneWeb, the company operates both geostationary and low Earth orbit satellite networks, serving the video, mobile connectivity, fixed connectivity and government sectors. Its OneWeb constellation supports connectivity services through hundreds of LEO satellites.
In February 2026, Eutelsat secured €975 million in debt financing from commercial banks, backed by a French state guarantee through Bpifrance Assurance Export. The financing will support the procurement of 340 new Airbus-built LEO satellites to replace ageing spacecraft in its OneWeb constellation and maintain service continuity.
ICEYE (Finland)
Amount raised in H1 2026: €900M
Finnish spacetech company ICEYE develops and operates synthetic aperture radar (SAR) satellites that capture high-resolution images of Earth regardless of weather conditions or daylight.
Its satellite constellation provides monitoring and intelligence capabilities for defence, security, environmental monitoring, insurance and disaster response. ICEYE also supplies sovereign satellite systems to governments seeking independent Earth observation capabilities.
During H1 2026, ICEYE announced €900 million in financing, comprising a €150 million Series E, a €300 million revolving credit facility and a €450 million Series F. The funding will support satellite production, constellation expansion, sovereign intelligence deployments and international growth, while the credit facility provides financial flexibility and guarantees for customer contracts.
Isar Aerospace (Germany)
Amount raised in H1 2026: €270M
Isar Aerospace develops launch vehicles designed to provide access to orbit for commercial and government satellite operators. Its Spectrum rocket is intended to carry small and medium-sized satellites into space.
The company combines rocket development with manufacturing and launch infrastructure, including a production facility near Munich and launch operations from Andøya, Norway.
In June 2026, Isar Aerospace closed a €270 million Series D round to finance serial production of its Spectrum rocket, expand manufacturing capacity and support international operations and launch infrastructure development.
PLD Space (Spain)
Amount raised in H1 2026: €210M
Spanish spacetech company PLD Space develops reusable launch vehicles and space transportation systems for commercial and institutional customers.
The company designs, manufactures and tests its own rockets, including MIURA 5, a two-stage launch vehicle intended to transport small satellites into orbit. Its activities also include developing industrial and launch infrastructure to support regular commercial missions.
In H1 2026, PLD Space secured €210 million in financing, consisting of a €180 million Series C equity round led by Mitsubishi Electric and a €30 million venture debt loan from the European Investment Bank. The financing will support the final development and testing of MIURA 5, expand manufacturing and launch infrastructure, and advance the company's transition to commercial launch operations.
EOS-X Space (Spain)
Amount raised in H1 2026: $140M
EOS-X Space is a Spanish aerospace company developing stratospheric balloon-based tourism experiences designed to take passengers to high altitudes on flights lasting approximately five hours.
Beyond tourism, the company is expanding into technology solutions for civil and defence applications, focusing on artificial intelligence, advanced data management and infrastructure security. It is also pursuing aerospace projects involving satellite networks for civilian and military uses.
In May 2026, EOS-X Space raised $140 million in Series D funding to support its expansion into AI, data analytics and aerospace technology, ahead of a potential New York stock market listing in 2027.
D-Orbit (Italy)
Amount raised in H1 2026: €110M
Italian spacetech company D-Orbit develops orbital transportation and logistics solutions for satellites and other spacecraft. Its ION Satellite Carrier enables operators to transport and deploy satellites into designated orbits, supporting more flexible and efficient space missions.
The company also provides services related to satellite operations, mission management and in-orbit infrastructure.
In H1 2026, D-Orbit secured €110 million through an investment club deal arranged by Azimut. The financing is intended to support the company's growth and development in the space logistics sector.
PAVE Space (Switzerland)
Amount raised in H1 2026: $40M
PAVE Space is a Swiss space infrastructure company developing orbital transfer vehicles designed to transport satellites between different orbits.
Its technology aims to reduce the time needed to move satellites from low Earth orbit to higher destinations, including geostationary and lunar orbits.
The company is developing a flagship kickstage vehicle and a smaller platform for flexible satellite repositioning, serving commercial satellite operators, telecommunications providers and defence organisations.
In March 2026, PAVE Space raised $40 million in seed funding, led by Visionaries Club and Creandum. The investment will accelerate spacecraft development, support initial demonstration missions, expand engineering capabilities and prepare for commercial deployments.
UNIVITY (France)
Amount raised in H1 2026: €27M
French spacetech company UNIVITY is developing satellite-based telecommunications infrastructure to provide high-speed, low-latency internet connectivity.
Its approach combines very low Earth orbit satellites with existing 5G networks, enabling telecom operators to extend their services to remote and underserved areas. Rather than selling connectivity directly to consumers, UNIVITY aims to provide shared space infrastructure that operators can integrate into their existing networks while maintaining control over customer relationships and services.
In April 2026, UNIVITY raised €27 million in Series A funding, backed by Blast, Expansion, Bpifrance's Deeptech 2030 fund and two family offices. The investment will support its uniShape demonstration programme, including the development and orbital testing of two satellites to validate space-based 5G connectivity.
Atmos Space Cargo (Germany)
Amount raised in H1 2026: €25.7M
Germany-based ATMOS Space Cargo develops spacecraft for transporting payloads into orbit and returning them safely to Earth.
Its PHOENIX platform combines orbital operations with controlled atmospheric re-entry, using an inflatable decelerator that functions as both a heat shield and an aerodynamic brake. The technology is designed to support research, commercial space activities and government missions, including the recovery of materials, hardware and data from orbit.
In April 2026, ATMOS Space Cargo closed a €25.7 million Series A round to build and operate three PHOENIX 2 vehicles, establish its ATMOS WORKS business for government and defence customers, and advance the development of its larger PHOENIX 3 spacecraft.
Enpulsion (Austria)
Amount raised in H1 2026: €22.5M
Founded in Vienna in 2016, Enpulsion specialises in electric propulsion systems for nano- and microsatellites. Its technology enables small spacecraft to perform orbital manoeuvres, adjust their positions and manage their operations in space.
The company develops propulsion solutions for satellite manufacturers and operators, addressing the growing need for reliable and efficient mobility as satellite constellations expand.
In March 2026, Enpulsion received a €22.5 million investment from Nordwind Growth to support the development of integrated space mobility solutions and the company's expansion in the US space industry.
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