SITAEL Unveils Ambitious Growth Strategy with New Space Missions and Industrial Expansion
SITAEL, an Italian private space company, has announced a comprehensive growth strategy aimed at achieving €200 million in revenues by 2031. The company, part of Angel Holding, presented its plan at SmallSat Europe Amsterdam, highlighting its investments in satellite platforms, electric propulsion, and production infrastructure. SITAEL operates through two industrial hubs in Italy, focusing on satellite construction and electric propulsion. The company has completed 29 space missions and plans nine more launches by 2030. SITAEL's strategy aligns with Europe's new space cycle, emphasizing secure communications, Earth observation, and technological sovereignty. The company is also the prime contractor for ESA's HiBiDiS mission, which aims to study biodiversity and ecosystem sustainability.