The European Union has announced the establishment of a €300 million investment fund to foster the development of the space economy and support innovation among EU-based commercial space enterprises. The fund will provide capital to Luxembourg-based venture capital firm 'Orbital Ventures' and Italy-based venture capital firm 'Primo Space' through equity investments. Leveraging these two venture capital firms, the initiative aims to facilitate financing for EU commercial space companies and accelerate their technological research and development as well as innovation.
According to reports, 'Orbital Ventures' and 'Primo Space' were launched in January and July 2020, respectively. Both focus on commercial space startups and small- and medium-sized enterprises (SMEs), covering both 'upstream' segments—including satellite manufacturing, rocket manufacturing, robotics, and hardware equipment—as well as 'downstream' segments—such as satellite communications, encryption, navigation, remote sensing applications, and data storage and processing—across the commercial space value chain.
Last updated: 2026-03-08