What Happened
Three Companies Receive Funding to Develop Small Launch Vehicles
The European Space Agency has awarded contracts to three companies, Isar Aerospace, PLD Space, and Rocket Factory Augsburg, as part of the European Launcher Challenge. The contracts, valued at 543.6 million euros, will support the development of small launch vehicles and require the companies to achieve an orbital launch by the end of 2027. This initiative aims to strengthen Europe’s competitiveness in the launch industry, according to the European Space Agency, as reported by SpaceNews.