French rocket startup wins multi-launch contract
Capitalism in space: The French rocket startup Latitude yesterday announced that it has gotten a multi-launch contract from the German startup Atmos Space Cargo, which is developing its own returnable cargo capsule.
In a deal announced at Space Tech Expo Europe here Nov. 19, Atmos will buy a minimum of five launches a year of Latitude’s Zephyr rocket between 2028 and 2032. Terms of the deal were not disclosed.
Each launch will place a Phoenix spacecraft into very low Earth orbit, or VLEO. The spacecraft are designed to accommodate payloads for microgravity research in fields like pharmaceuticals and manufacturing, returning them to Earth.
Both companies have raised private investment capital, with Latitude raising $30 million and Atmos $1.4 million. Both are part of the sudden burst of new independent space companies that have emerged in Europe in only the last three years, even as many new American space startups have fallen by the wayside due to technical problems and government red tape.
Capitalism in space: The French rocket startup Latitude yesterday announced that it has gotten a multi-launch contract from the German startup Atmos Space Cargo, which is developing its own returnable cargo capsule.
In a deal announced at Space Tech Expo Europe here Nov. 19, Atmos will buy a minimum of five launches a year of Latitude’s Zephyr rocket between 2028 and 2032. Terms of the deal were not disclosed.
Each launch will place a Phoenix spacecraft into very low Earth orbit, or VLEO. The spacecraft are designed to accommodate payloads for microgravity research in fields like pharmaceuticals and manufacturing, returning them to Earth.
Both companies have raised private investment capital, with Latitude raising $30 million and Atmos $1.4 million. Both are part of the sudden burst of new independent space companies that have emerged in Europe in only the last three years, even as many new American space startups have fallen by the wayside due to technical problems and government red tape.