Today’s OHB might be Europe’s third-largest space sector corporation, harvesting prestigious government contracts, but the Bremen-headquartered firm still remembers its modest beginnings.
With the new financing, Ursa plans to expand its customer base for products related to the global oil and gas industry, while continuing to develop the machine vision and machine learning algorithms it uses to create new data products.
Germany might be Europe’s best-performing economy and an undisputed engineering powerhouse. But when it comes to space startups, something is amiss.
Helios Wire will use the money to pay for satellites to help customers track and communicate with billions of devices worldwide.
The U.K. government has committed to capturing 10 percent of the global space market by 2030 and is pouring support into emerging enterprises including spaceports, small satellite makers and application developers. However, the continuing uncertainty around Brexit concerns companies.
The Founder Institute plans to attract would-be space entrepreneurs to its worldwide network of incubators with generous financial incentives and mentorship from industry veterans.