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June 2025 continued the strong year for spacetech investment, showcasing 2025’s highest monthly total with $1.16b invested into 25 deals.
Megarounds for American spacetech companies Impulse Space ($300m) and Xona Space ($92m) led the way this month, but it was another strong showing from Europe, with 3 of the 5 largest rounds coming from Spain’s Multiverse Computing (€189m), Germany’s Isar Aerospace (€150m), and France’s Look Up Space (€50m). In fact, EU startups raised almost half of the global total of funding this month ($518m across 11 deals).
Conspicuously absent in the top deals this month was the Chinese market, whose sole startup receiving funding in June was Bluestar Optical (Shanghai) Aerospace Technology, who raised a $2.8m Series B from X Capital.
With “H1” in the rearview mirror, 2025 remains on a road to being the largest year for spacetech VC yet, with $4.6b of VC investment across 161 companies – well on the way to surpassing 2024’s $7.4b across 283 companies.
All deals in June 2025, by $ (descending)
- Impulse Space (USA) – In-space mobility vehicles (space tugs) – raised $300m.
- Multiverse Computing (Spain) – accelerating computing w/ quantum – raised €189m.
- Isar Aerospace (Germany) – Microlauncher / satellite launch services – raised €150m.
- Xona Space (USA) – Satellite navigation PNT constellation – raised $92m.
- Look Up Space (France) – Orbital safety radar network – raised €50m.
- Logos Space Services (USA) – Broadband satellite constellation – raised $50m.
- Muon Space (USA) – Satellite production and propulsion integration – raised $44.5m.
- Quantum Space (USA) – Defense-focused spacecraft platform – raised $40m.
- Senra Systems (USA) – Wire harness manufacturing for A&D – raised $25m.
- Skynopy (France) – Ground station network for satellite connectivity – raised €15m.
- Portal Space Systems (USA) – Supernova spacecraft development – raised $17.5m.
- Ex-Fusion (Japan) – Fusion energy – raised JPY2.3b.
- AccelerComm (UK) – 5G satellite communications IP solutions – raised $15m.
- Letara (Japan) – Hybrid plastic-fuel orbital-transfer engines – raised JPY1.8b.
- Jua (Switzerland) – Earth simulation/decision-making AI – raised €10m.
- Aistech Space (Spain) – Nanosatellite constellation & thermal imaging – raised €9.7m.
- Reaction Dynamics (Canada) – Hybrid rockets / Aurora launch vehicle – raised CAD14m.
- Aethero (USA) – Space-grade autonomous computing hardware – raised $8.4m.
- Polaris Spaceplanes (Germany) – Hypersonic test vehicle/spaceplanes – raised €5.4m.
- Semi Zabala (Spain) – Power semiconductor manufacturing – raised €5.31m.
- Orus (France) – daily hyperspectral intelligence – raised €5m.
- Lux Aeterna (USA) – Reusable satellite bus development – raised $4m.
- Bluestar Optical (Shanghai) Aerospace (China) – laser communication – raised RMB20m.
- Groundcom (Czech Republic) – Ground station network for satcom – raised Kč37m.
One additional deal raised an undisclosed amount:
- Asynchronics (Poland) – Spacecraft simulation/digital twins
Estimating the size of the Spacetech industry:
SpaceWatch.Global estimates that so far in 2025, 162 companies have raised $4.6b. of venture equity funding.
- January: 24 deals, $836m
- February: 21 deals, $620m
- March: 31 deals, $435m
- April: 31 deals, $630m
- May: 30 deals, $744m
- June: 25 deals, $1.16b
Benchmarking our estimate:
The Dealroom/ESA Space Tech Dashboard is a great way to benchmark our estimate. Generally, the dashboard has a more expansive definition of spacetech (including, for example, terrestrial drones, ground sensors, or eVTOL vehicles).
Dealroom estimates that in June 2025, 25 space-tech companies raised a total of approx. $1.06bm. As of publication, the dashboard also includes 10 additional deals, worth $281.5m, which we classify as either not space-tech, or not venture capital. The VentureSpace list this month includes five companies not listed on Dealroom’s dashboard at time of publication: Lux Aeterna, Reaction Dynamics, Portal Space Systems, Senra Systems, and Orus.Space (Dealroom lists Orus.EU, a different French Orus that raised in June, and provides SME insurance products).
Get in touch at [email protected] and we are happy to share more about our methodology, who’s included, who’s not, and more information about each investment.
