A launchpad for Europe’s spacetech startups

Big business opportunities are brewing in the cosmos. Morgan Stanley predicts the space economy will grow from €355 billion in 2020 to over €1 trillion by 2030 — and competition for the rewards is fierce.

The USA remains a celestial superpower, while China is emerging as a powerful challenger. Europe has historically lagged behind the world leaders — but is now carving out a promising niche.

Across the continent, countries are converging around a single segment of the market: small satellites in low-Earth orbit (LEO).

The maximum altitude in LEO is about one-third of Earth's radius