What Happened
European Space Sector Gets Boost With New Investment Partnership
Deutsche Bank and the European Investment Bank have announced a €560 mn financing partnership to support European SpaceTech companies. The agreement will provide financing for businesses across the space industry, including component manufacturers, launch technology developers, and satellite operators. This new partnership forms part of the EIB’s Space TechEU programme, which aims to mobilise approximately €1.4 bn in investment through commercial banking partnerships, as reported by Beinsure.