GATE Space wins EUR 6.3 million from the EU's EIC Accelerator for satellite propulsion
GATE Space
The Vienna TU Wien spinout gets grants and equity to industrialise its chemical Jetpack thrusters, per SpaceNews.
what happened
Austrian startup GATE Space secured EUR 6.3 million (about $7.2 million) in grants and equity from the European Commission's EIC Accelerator program, per SpaceNews, which quotes CEO Moritz Novak. The company builds high-thrust chemical propulsion for ESPA-class satellites of 50 to 500 kilograms and says the funding accelerates industrialisation of the technology flying on BeaconSat, described as Austria's first military satellite; GATE Space was the only space company among 38 selected in the round, and total funding to date is about $22 million per the CEO.
why it matters
European sovereign-defence money keeps finding propulsion suppliers: an EU innovation instrument is now directly underwriting a thruster maker attached to a national military satellite. For smallsat integrators, another funded European alternative for high-thrust chemical propulsion matters as maneuverability becomes a procurement requirement.
for who
Smallsat integrators, European defence-space suppliers
signal-to-noise
quick facts
- Companies
- GATE Space
- Category
- financial
- Impact
- noise
- SNR
- 4 / 5
- Event date
- 2026-06-19
- Published
- 2026-07-08 13:17 UTC