News Summary

• ReOrbit, a Finnish startup focused on helping nations control their own sovereign satellites, has raised a record €45 million (about US $53 million) Series A round of funding for a European space tech company.
• The funding round signals that Europe’s new space market is heating up, fueled by a geopolitical environment in which countries increasingly worry about relying on foreign technology.
• Unlike Starlink, which also targets private users and enterprises, ReOrbit wants its clients to have full ownership and sovereignty over their satellites and communications.