The European Space Agency has selected five launch startups to become eligible for up to 169 million euros ($198 million) in funding to develop alternatives to Arianespace, the continent's incumbent launch service provider.
The five companies ESA selected are Isar Aerospace, MaiaSpace, Rocket Factory Augsburg, PLD Space, and Orbex. Only one of these companies, Isar Aerospace, has attempted to launch a rocket into orbit. Isar's Spectrum rocket failed moments after liftoff from Norway on a test flight in March.
None of these companies are guaranteed ESA contracts or funding. Over the next several months, the European Space Agency and the five launch companies will negotiate with European governments for funding leading up to ESA's ministerial council meeting in November, when ESA member states will set the agency's budget for at least the next two years. Only then will ESA be ready to sign binding agreements.
