EU Space Week - banner

E2MC Update On Space Financing Rounds In July 2020

By Raphael Roettgen

Photo by NASA on Unsplash.

With approximately US$56 million of space-related funding rounds, July was slightly stronger than June 2020, but still on the weak side, and lacking any large rounds (except as noted below). On the positive side, the monthly rounds represent a good cross-section of geographies and subsectors.

SpaceX is in the process of raising US$1 billion of new funds, at a valuation of US$ 44 billion, up from US$36 billion earlier this year. We have not yet seen any filings related to this round but are anecdotally aware that it should close very soon.

July has also seen continued activity on the deal front, including the announcement of the winners of OneWeb’s Chapter 11 auction process (a consortium of Bharti Global and the UK Government, now also joined by Hughes Network Systems) as well as the acquisition of Pioneer Astronautics by Voyager Space Holdings.

Guoxing Aerospace21.4ChinaSatcommAplus Capital, Galaxy Holding Group, Shenzhen Capital Group, Xinjiang Communications Construction Group, New World Strategic Investment


Exotrail13.0FranceSpacecraft components (electric propulsion)360 Capital Partners, Bpifrance, Innovacom, IRDI SORIDEC Gestion, IXO Private Equity, Karista, NCI Waterstart, Turenne Capital


Transcelestial Technologies9.6SingaporeSatcommAirbus Ventures, Ajay Shah, CAP Vista, Charlie Songhurst, EDBI, Entrepreneur First, Partech, Seeds Capital, Tekton Ventures, Wavemaker Partners


Hydrosat4.3U.S.Remote sensing(Grant)


Kleos Space2.2Luxembourg / US / UKRemote sensingentities controlled by Janet Cameron


Orbex1.9UKLaunchHighlands and Islands Enterprise (HIE)


Blue Sky Analytics1.2IndiaRemote sensingBEENEXT, Rainmatter Capital, Stanford Angels and Entrepreneurs


HyImpulse Technologies0.6GermanyLaunchDLR (grant)


Isar Aerospace0.6GermanyLaunchDLR (grant)


Rocket Factory Augsburg0.6GermanyLaunchDLR (grant)


aXenic0.5UKSatcomm (components)


EU Horizon 2020 (grant)


Horizon Technologies0.1UKRemote sensingInnovate UK (Grant)


Urban SkyN/AU.S.Remote sensing (strat. balloons)New Stack Ventures



PowerMarketN/AUKRemote sensingQVentures



Check Also

#SpaceWatchGL Opinion: ISU SSP22 Special – Team Project – Microgravity enables a better life on Earth

Microgravity enables a better life on Earth – The case of protein crystallization from a TP of the SSP 2022 edition in Portugal. A 3Is (international-intercultural-interdisciplinary) team of 22 participants of the SSP2022 in Portugal has intensively brainstormed this summer to identify the business potential of doing research in space-based microgravity conditions.