KEY POINTS
The European Space Agency (ESA) has selected five promising rocket startups for the next phase of its prestigious Launcher Challenge.
- The initiative provides up to €169 million in funding, aiming to foster the development of small and medium-lift launch vehicles within Europe.
The goal: secure independent access to space for Europe and enhance technological sovereignty in a rapidly evolving global market.
This move shifts Europe away from reliance on international launch providers, particularly in the wake of recent disruptions and market uncertainties.
