Reported about 13 hours ago
Finnish startup ReOrbit has raised an unprecedented €45 million in Series A funding to offer sovereign satellite solutions tailored for European nations, aiming to compete against Musk's Starlink. Founded in 2019, the company focuses on providing both hardware and software for independent satellite operations, ensuring clients maintain ownership and control over their communications. The funding round reflects a growing interest in European space ventures amid geopolitical concerns about reliance on foreign technology, with ambitions to reach a €1 billion order book in the next four years.
Source: YAHOO