Gate Space awarded substantial public funding
Vienna‑based start‑up Gate Space, which develops propulsion systems for small satellites, has been granted €6.3 million through a government‑backed accelerator programme. The financing is intended to accelerate the development of its electric thruster technology and scale up production capabilities.
Part of a broader European investment surge
The award joins a series of recent investments flowing into European space companies. These programmes aim to reinforce Europe’s space sovereignty by supporting domestic firms that provide critical technologies for satellites and other space applications.
Strategic relevance for European autonomy
By fostering indigenous satellite propulsion solutions, Gate Space helps reduce reliance on non‑European suppliers. The company plans to allocate the funds toward improving thrust performance, efficiency and system lifetime.
Outlook and next steps
Gate Space intends to channel the funding into research and development to bring prototype thrusters to market readiness. Simultaneously, it will seek partnerships with European satellite operators to demonstrate the technology in orbit during upcoming missions.