{"id":13444,"date":"2023-08-09T14:38:35","date_gmt":"2023-08-09T14:38:35","guid":{"rendered":"http:\/\/TheNextWeb=1398929"},"modified":"2023-08-09T14:38:35","modified_gmt":"2023-08-09T14:38:35","slug":"german-rocket-startup-bags-e30m-as-it-eyes-takeoff-this-year","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=13444","title":{"rendered":"German rocket startup bags \u20ac30M as it eyes takeoff this year"},"content":{"rendered":"\n

While the US and China have dominated the space sector for decades, Europe is <\/span>carving out a niche<\/span><\/a> for itself: small satellites in low-Earth orbit (LEO). <\/span><\/p>\n

One of the most promising startups in this space<\/a> is Germany\u2019s Rocket Factory Augsburg, which has just raised \u20ac30m from KKR, an American investment firm.  <\/span><\/p>\n

The cash injection will facilitate RFA\u2019s upcoming launch test at the end of this year and help complete its launch pad at SaxaVord Spaceport in Scotland.<\/span><\/p>\n

SaxaVord Spaceport is a planned spaceport to be located on the Lamba Ness peninsula on Unst in the Shetland Islands, the most northerly point in the UK.<\/span><\/p>\n

In January 2023, Rocket Factory Augsburg signed a multi-year launch agreement which gives the company exclusive access to the northernmost launch pad of the spaceport. <\/span><\/p>\n

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The startup has also signed an agreement with the French Space Agency to build a dedicated launch pad at the Guiana Space Center (GSC) in French Guiana, with launches commencing in 2025.<\/span><\/p>\n

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<\/i><\/a>The SaxaVord Spaceport is currently under construction. Credit: RFA<\/figcaption>