Reflex Aerospace, a German satellite manufacturer, secured €50 million to enhance its role in Europes burgeoning space sector, marking a pivotal moment for private spaceflight and innovation.
- On November 4, Reflex Aerospace raised €50 million ($57.4 million) in a Series A funding round, the largest to date for a European NewSpace company.
- The Berlin-based company operates a microfactory in Munich, aiming to advance its satellite constellation and enhance Europes capabilities in the space domain awareness.
- Led by Human Element, a U.S.-based venture capital fund, the funding attracted participation from investors like Alpine Space Ventures and Bayern Kapital, underscoring growing interest in the aerospace sector.
Why It Matters
This investment highlights the escalating focus on space innovation in Europe, particularly in Germany, and illustrates the strategic importance of sovereignty in developing independent satellite systems amid rising global competition.