ATMOS Space Cargo Secures €25.7M Series A Funding to Advance Orbital Reentry Vehicles
ATMOS Space Cargo, a European space transport company, has successfully closed a €25.7 million ($30.2 million) Series A funding round. The investment was led by Balnord and Expansion Venture Capital, with participation from Keen Defence and Security and the European Innovation Council. The funding will support ATMOS in building three PHOENIX 2 spacecraft for orbital transfer and return missions, establishing ATMOS WORKS to engage with European government and defense clients, and developing the PHOENIX 3 spacecraft, which will have ten times the payload capacity of its predecessor. CEO Sebastian Klaus stated that this financing will enable the company to transition to regular operational service. 
