French small satellite manufacturer U-Space has closed a €24 million ($27.8M) Series A round to expand its manufacturing capacity and accelerate global growth.  The round was led by Blast Club , the French Armed Forces’ Definvest fund (managed by Bpifrance ), and Expansion Aerospace & Defence Ventures, with participation from Primo Capital , Karot Capital , ARIS, and Vertech Finance. Founded in 2018, U-Space operates the U-Zine facility, an 850 m² cleanroom, designed to supp

Reflex Aerospace  raises €50M to expand sovereign satellite production amid Europe’s defense push Reflex Aerospace has secured a €50 million ($58M) Series A round to scale satellite manufacturing across Berlin and Munich as demand for sovereign European space capabilities accelerates.  The round was led by Human Element Ventures , Alpine Space Ventures , Bayern Kapital , HTGF | High-Tech Gründerfonds , and Renovatio Financial Investments, with additional European participatio