{"id":15319,"date":"2024-07-12T17:07:14","date_gmt":"2024-07-12T17:07:14","guid":{"rendered":"http:\/\/TheNextWeb=1408490"},"modified":"2024-07-12T17:07:14","modified_gmt":"2024-07-12T17:07:14","slug":"can-ariane-6-turn-europes-spacetech-startups-into-global-powerhouses","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=15319","title":{"rendered":"Can Ariane 6 turn Europe\u2019s spacetech startups into global powerhouses?"},"content":{"rendered":"\n<p><span>When Ariane 6 suffered a glitch on its first flight, the mishap felt strangely inevitable.<\/span><\/p>\n<p><span>Nearly half of all rockets fail on their first launches. After a troubled development and four years of delays, Ariane 6 looked like a prime candidate to join the list.&nbsp;<\/span><\/p>\n<p><span>The launcher was commissioned to create a European pathway&nbsp;into the cosmos. Since the retirement of <a href=\"https:\/\/thenextweb.com\/news\/final-mission-photos-esas-ariane-5-rocket-lifts-off-last-time\" target=\"_blank\" rel=\"noopener\">Ariane 5<\/a> last July, the continent has had no independent access to <a href=\"https:\/\/thenextweb.com\/topic\/space\" target=\"_blank\" rel=\"noopener\">space<\/a>. <\/span><\/p>\n<p><span>Thierry Breton, the EU\u2019s commissioner for the internal market, described the problem as an \u201cunprecedented crisis.\u201d A failure to launch on Tuesday would have deepened the woes.<\/span><\/p>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\" readability=\"8.5\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"><\/div>\n<p><noscript><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"><\/noscript><\/p>\n<div class=\"channel-cta-input\" readability=\"12\">\n<p class=\"channel-cta-title\">The <\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><span>Thankfully, the setback was only minor. <\/span><\/p>\n<p><span>Ariane 6 successfully <a href=\"https:\/\/thenextweb.com\/news\/esa-ariane-6-launces-restores-european-space-access\" target=\"_blank\" rel=\"noopener\">blasted off<\/a> and deployed research satellites in orbit. The problem arose late in the flight, when the rocket\u2019s final components failed to de-orbit. Nonetheless, the mission was declared a success.<\/span><\/p>\n<p><span>\u201cThis was a historic moment,\u201d said Luc\u00eda Linares, the <a href=\"https:\/\/thenextweb.com\/topic\/european-space-agency\" target=\"_blank\" rel=\"noopener\">European Space Agency\u2019s<\/a><\/span>&nbsp;(ESA) head of space transportation strategy. \u201cIt\u2019s good for Europe. It\u2019s also good for the world.\u201d<\/p>\n<p><span>Ariane 6 is now set for a first commercial launch in December. A further six are scheduled for next year and another eight in 2026. <\/span><\/p>\n<p><span>St\u00e9phane Isra\u00ebl, the CEO of Arianespace, which operates the rocket, said the glitch would have \u201cno consequences on the next launches.\u201d&nbsp;<\/span><\/p>\n<p>His words brought welcome relief to European spacetech. The sector has big opportunities, but desperately requires new launch infrastructure.<\/p>\n<h2>The need for Ariane 6<\/h2>\n<p><span>Mark Boggett, the CEO of investment firm <a href=\"https:\/\/seraphim.vc\/\" target=\"_blank\" rel=\"nofollow noopener\">Seraphim Space<\/a>, awaited the launch with bated breath. He believes Ariane 6 can provide a big boost to spacetech.<\/span><\/p>\n<p><span>\u201cThe increased access will no doubt accelerate the pace of innovation and deployment of new space technologies in Europe,\u201d he tells TNW.<\/span><\/p>\n<p><span>Boggett has big ambitions. Through his company\u2019s investments, he hopes to turn European startups into global sector leaders. <\/span><\/p>\n<p><span>That plan had been stalled by Ariane 6\u2019s lengthy delays. While they waited, companies relied on launch services in other regions \u2014 particularly the SpaceX service in the US.<\/span><\/p>\n<p><span>The rocket can now remove that bottleneck. European spacetech no longer has to rely exclusively on foreign providers and has a path to strategic autonomy.&nbsp;<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1408454 js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/07\/GSMfNVbWAAEF99q-1.jpeg\" alt=\"Photo of Ariane 6 launching for the first time\" width=\"1640\" height=\"1093\"><figcaption>Ariane 6 lifted off from the European Spaceport in French Guiana on Tuesday. Credit: ESA\/S.Corvaja and M.P\u00e9doussaut<\/figcaption><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1408454\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2024\/07\/GSMfNVbWAAEF99q-1.jpeg\" alt=\"Photo of Ariane 6 launching for the first time\" width=\"1640\" height=\"1093\"><\/noscript><\/figure>\n<p><span>The new rocket can attract new business from domestic and international customers. Ariane 6 can also reduce the costs and wait times for startups planning to deploy payloads. So long, of course, as the service<\/span><span> proves dependable and affordable.&nbsp;<\/span><\/p>\n<p><span>Its first commercial launches can\u2019t come soon enough. A new space race is underway, and Europe is at risk of falling behind.<\/span><\/p>\n<h2>Hopes and fears for European spacetech<\/h2>\n<p><span>The cosmos are becoming fertile land for business growth. <\/span><a href=\"https:\/\/www.mckinsey.com\/industries\/aerospace-and-defense\/our-insights\/space-the-1-point-8-trillion-dollar-opportunity-for-global-economic-growth\" target=\"_blank\" rel=\"nofollow noopener\"><span>McKinsey and the World Economic Forum<\/span><\/a><span> expect the global space economy to rise from $630 billion in value last year to $1.8 trillion by 2035. \u201cNew space is a multi-decade growth market,\u201d <\/span><span>Boggett says.<\/span><\/p>\n<p><span>Europe\u2019s launcher crisis has obstructed access to that market. <\/span><span>In 2023, the continent completed only three successful orbital launches \u2014 its lowest total since 2004. The US, meanwhile, had 109 \u2014 the most a single country has ever made.&nbsp;<\/span><\/p>\n<p><span>\u201cThe US dominates commercial space launches, driven by private companies like SpaceX, which has revolutionised the industry with reusable rockets, significantly lowering costs and increasing launch frequency,\u201d <\/span><span>Jarkko Antila, the CEO of Finnish satellite startup <\/span><a href=\"https:\/\/kuvaspace.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><span>Kuva Space<\/span><\/a><span>, tells TNW.<\/span><\/p>\n<p><span>Although the US leads the market, Chinese rockets are also enjoying growing success. <\/span><span>Last year, the country completed 66 launches.&nbsp;<\/span><\/p>\n<p><span>China has also emerged as a lucrative location for spacetech funding. According to new research from Seraphim, the country leads the world in private investment this year. Its total of $1.7bn edges the US figure of $1.6bn.&nbsp;<\/span><\/p>\n<p>Last quarter, Chinese companies attracted the world\u2019s two largest rounds. The biggest went to launch business Space Pioneer, which raised $208mn. Minospace, a satellite manufacturer, came second with $138mn.<\/p>\n<p>In Europe, funding hasn\u2019t grown at the same pace. In 2021, the continent\u2019s investment dwarfed the whole of Asia. But those positions have now reversed.<\/p>\n<p>Asia has also rapidly cut Europe\u2019s edge on number of spacetech deals. In the last quarter of this year, the continent inked 150, while Asia signed 149.<\/p>\n<p>Startups hope <span>Ariane<\/span> 6 sparks a new boom in European investment. Recent trends suggest that their wishes will come true.<\/p>\n<h2>Preparing for take-off<\/h2>\n<p><span>Boggett<\/span> expects Ariane 6 to stimulate Europe\u2019s space economy. \u201cProximity to launch facilities allows for more integrated testing and iteration of new technologies,\u201d he says.<\/p>\n<p>European companies can also reduce their transportation and logistical expenses. Additionally, the launch capability can strengthen collaboration between launch providers, satellite startups, and research institutions.<\/p>\n<p>With the wider funding landscape recovering, startups are poised to take advantage of the opportunities.<\/p>\n<p>Spacetech has just enjoyed four continuous quarters of investment recovery, according to new data from Seraphim. A cool $2.4bn was invested in the last quarter and deal volume reached all-time highs.<\/p>\n<p>Europe\u2019s biggest investments were a $100mn raise for <a href=\"https:\/\/www.aaltohaps.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Aalto<\/a>, British spacecraft builder, and a $93mn round for <a href=\"https:\/\/www.iceye.com\/\" target=\"_blank\" rel=\"nofollow noopener\">ICEYE<\/a>, <span>a Finnish microsatellite manufacturer.<\/span><\/p>\n<p>A growing group of VC firms are adding to the cash pool. Among them is <a href=\"https:\/\/alpinespace.vc\/\" target=\"_blank\" rel=\"nofollow noopener\">Alpine Space Ventures<\/a>, which plans big investments in Europe. Just today, the firm closed new fund of \u20ac170mn ($185mn).<\/p>\n<p>Public investment is also rising. ESA\u2019s <a href=\"https:\/\/next.thenextweb.com\/news\/european-space-agency-esa-budget-2024\">budget for 2024<\/a> has grown to a record \u20ac7.79bn ($8.49bn) \u2014 10% more than last year.<\/p>\n<p>But any hopes of Ariane 6 outshining US launch giants appear misplaced. Antila of Kuva Space warns that the expendable system can\u2019t compete with SpaceX\u2019s reusable rockets.<\/p>\n<p>\u201cWhile the European Space Agency and Arianespace have developed the Ariane 6 for cost-effective launches, it lacks full reusability and is primarily limited to using the Guiana Space Centre in French Guiana,\u201d he says.<\/p>\n<p>Nonetheless, the rocket could reignite European spacetech. <span>Boggett<\/span> is confident that the vehicle will have a big impact.<\/p>\n<p>\u201cI\u2019ve no doubt that having a local launch capability will further encourage innovation and drive the pace of development within Europe\u2019s space sector,\u201d he says.<\/p>\n<p>The first commercial flights will provide a glimpse of the potential. At the very least, they\u2019re giving European startups a new route into the cosmos.<\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/news\/ariane-6-impact-on-european-spacetech-startups\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When Ariane 6 suffered a glitch on its first flight, the mishap felt strangely inevitable. Nearly half of all rockets fail on their first launches. After a troubled development and four years&#8230;<\/p>\n","protected":false},"author":1,"featured_media":15320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15319"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15319"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/15320"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}