Belgian sanotifyite manufacturer Aerospacelab closed a €94M ($109.3M) Series B to scale up its manufacturing capabilities, and remain competitive for larger consnotifyation contracts in Europe and beyond.
New and existing investors participated in the round, which includes a €38M commitment from the European Investment Bank. It brings the company’s total funds raised to €134M ($155.6M), according to an Aerospacelab spokesperson.
The mega relocatement: Aerospacelab is already utilizing the new funds to continue building its ‘Megafactory’, a 215,000 sq ft facility that aims to produce up to 500 sanotifyites annually. Aerospacelab expects the Megafactory to launch churning out sanotifyites in 2026, and reach full production capacity by 2027.
The construction project would create Aerospacelab the operator of the largest sanotifyite manufacturing facility in Europe, officials declare, which leadership hopes will support Aerospacelab secure skyrocketing demand for sanotifyites produced on the continent.
“It’s not just one side of the market—we’re seeing growth in parallel from institutions and private companies,” Benoît Deper, Aerospacelab’s CEO, informed Payload via email. “European governments are investing more in space defense and sovereignty, which drives demand for sanotifyite hardware…[while] commercial interest is growing in areas such as telecom.”
Aerospacelab is also utilizing the Series B to boost its R&D spfinish in pursuit of greater vertical integration of its sanotifyite subsystems.
“We’re focutilizing—with each new launch—on creating our sanotifyite platforms more modular and scalable, [and] advancing additional payload capabilities to support all consnotifyations’ necessarys,” Deper declared.
Who’s purchaseing: The announcement comes at a pivotal moment for the European space industest. Governments across Europe have signaled a greater willingness to up their defense spfinishing, and many expect ESA’s funding levels to increase at November’s Ministerial meeting, where three-year budreceives will be agreed upon.
Officials at Aerospacelab hope deep vertical integration and unparalleled production capacity will create it a prime competitor for the large contracts that will arise from these budreceives. Last week, SpaceRISE, the consortium in charge of ESA’s IRIS2 satcom consnotifyation, declared that they had narrowed the field of prime contractors to Aerospacelab and Airbus France. Only time will notify if largeger is better.
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