Europe’s Next Space Race Starts After Launch
Europe’s orbital industry to 2035: RISE, Nyx, specialist SMEs, servicing economics and the crucial test of a second paying customer.
Corporate Finance
Capital structure, debt, M&A and financing decisions behind industrial growth.
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From the Journal
European Space Bond: an 8% return on space, but who pays the bill on Earth?
European Space Bond offers an 8% coupon. How might interest and principal be repaid in 2031, and what credit, liquidity and refinancing risks matter?
Space Economy: Europe’s real problem is not credit. It is becoming bankable
The EIB–Deutsche Bank deal aims to support €560m in European space investment. Without equity capital, many industrial SMEs cannot scale or borrow safely.
$20.8 billion poured into space. The real test begins after the deal
Space investment reached $20.8bn in Q3 2026. From EQT-Exolaunch to satellite factories, the real test for private equity is industrial execution.
Europe's new intelligence frontier is in orbit. Who holds the keys?
ICEYE, military space surveillance, GNSS jamming and Europe's defence infrastructure reveal why satellite intelligence is about control, not just images.
Drugs, data centres and satellite factories: where does the hype begin?
Varda, Axiom, Open Cosmos and NVIDIA are pushing new orbital markets. What do the science, industrial economics and real customer demand say?
Press coverage
L’Europa sa costruire satelliti: ora deve far crescere le imprese
Original Italian summary: L’Europa dispone di infrastrutture satellitari e competenze nell’analisi dei dati, ma il vantaggio industriale dipende dalla capacità di conquistare clienti. L’intelligenza artificiale accelera lo sviluppo…
Space Economy: 20,8 miliardi non fanno un mercato
Original Italian summary: La finanza spaziale stabilisce record, ma quanto capitale arriva davvero alle imprese? Il punto decisivo è trasformare competenze frammentate in industria: una missione per fondi…
Capitali nella Space Economy: la miopia che frena l’Italia
Original Italian summary: I capitali privati nella Space Economy italiana possono sostenere crescita, acquisizioni e autonomia industriale, ma fondi e imprese non trovano ancora un’interfaccia pubblica chiara. Tra…
Space Economy, un investimento outperform: oltre 1.000 in Italia le aziende della filiera aerospace con oltre 460.000 posti di lavoro – T.W.I.N
Original Italian summary: Alessandro Sannini, Chairman di Twin Advisors Ltd. e General Partner di 3iP Space interverrà oggi al summit “Space Meetings Veneto”
Thales Alenia Space Italia, ecco come potrebbe nascere un polo nazionale autonomo
Original Italian summary: L’analisi individua una possibile strada: un nuovo investitore o consorzio al 67%, con Leonardo al 33%, e un fabbisogno complessivo nell’ordine di 1,3 miliardi, da…
Space Economy Un Investimento Outperform Che Necessita Di Una Politica Di Attrazione Industriale E Tecnologia
Original Italian summary: Space Economy Un Investimento Outperform Che Necessita Di Una Politica Di Attrazione Industriale E Tecnologia
Perspectives and pathways
Alessandro Sannini
Private equity investor, advisor and lecturer working where growth capital, industrial capability and Europe’s space economy meet.
Invest in space. Underwrite the business.
A growing sector does not guarantee a growing business. Reading technology, customers and capital needs in aerospace SMEs.