Aerospacelab Secures €94M Series B Funding to Complete Satellite Megafactory

What's Happening?

Aerospacelab, a Belgian satellite manufacturer, has closed a €94M ($109.3M) Series B funding round to expand its manufacturing capabilities and remain competitive in the satellite industry. The funding includes a €38M commitment from the European Investment Bank, bringing the company's total funds raised to €134M ($155.6M). The investment will be used to complete the construction of a 215,000 sq ft Megafactory, which aims to produce up to 500 satellites annually. The facility is expected to begin operations in 2026 and reach full production capacity by 2027, making it the largest satellite manufacturing facility in Europe.

Why It's Important?

The completion of Aerospacelab's Megafactory represents a significant milestone for the European satellite industry, enhancing the continent's manufacturing capabilities and competitiveness in the global market. As European governments increase their investment in space defense and sovereignty, the demand for satellite hardware is expected to rise. Aerospacelab's expanded production capacity positions it as a key player in meeting this demand, potentially securing large contracts from government and commercial entities. The funding also supports the company's efforts to achieve greater vertical integration and advance its satellite platforms, contributing to the growth of the European space sector.

What's Next?

With the Megafactory set to begin operations in 2026, Aerospacelab is poised to become a major competitor for large satellite contracts in Europe. The company's focus on vertical integration and modular satellite platforms will likely attract interest from both government and commercial clients. As European governments continue to increase their defense spending, Aerospacelab's production capabilities may play a crucial role in fulfilling the continent's satellite needs. The upcoming ESA Ministerial meeting, where three-year budgets will be agreed upon, could further influence the company's prospects and the overall direction of the European space industry.