European space companies and investors are urging their governments to adopt a more risk-tolerant approach in procuring services from space startups. The current reliance on grants is seen as stifling growth and innovation.

Challenges in Accessing Capital

European startups face challenges in accessing capital during critical growth stages, leading many to seek opportunities in the United States.

Industry leaders are discussing the need for a shift in strategy, with a more balanced approach that includes government support through contracts for products and services.

Government Support and Mindset Shift

European governments are encouraged to adopt a mindset similar to their U.S. counterparts, who actively manage risk in their procurement strategies.

The European Space Agency (ESA) is making strides in supporting commercial activities through service contracts.

Diversifying Customer Base

European companies are encouraged to diversify their customer base beyond government contracts and pursue private sector opportunities.

European space companies have distinct advantages, including a strong technological foundation and a cost-effective talent pool.

Push for a Competitive Environment

The push for a more competitive and risk-tolerant environment in the European space sector is gaining momentum, with ongoing discussions shaping policies to enable startups to thrive and maintain technological sovereignty.