U-SPACE raises 24 million euros to industrialize the production of European satellite constellations

In Toulouse, U-Space wants to transform the way Europe designs and manufactures its satellites. Founded in 2018, the company bet on an industrial model inspired by the automobile, combining mass production, modularity and full digitalization.

The U-Zine site, inaugurated at the end of 2024, embodies this ambition. In 850 m² of clean rooms, U-Space teams assemble their 12U and FreeForm platforms using a fully digitalized process. Objective: to ultimately achieve a production rate of one satellite per day. This pace, still unprecedented in Europe, is based on flow methods inspired by the automotive chain, where each step is standardized and integrated into a proprietary software infrastructure. Three satellites, NESS, Soap and Pandora, are already in orbit, a dozen others are being integrated.

This rise in power is accompanied by a change in scale; the company, which today has around 80 employees, is now positioned as a reference partner for constellation operators and institutions. U-Space claims complete control of the value chain, from design to orbit, and is now targeting international markets. The Asia-Pacific and the Middle East are among its priorities, in a context where several regional powers are accelerating their space programs.

To support this expansion, U-Space raised 24 million euros from BLAST, DEFIINVEST, EXPANSION, CAPSPACE, ARIS, PRIMO SPACE, AUDACIA CO-INVEST, VERTECH FINANCE. This new financing should allow it to increase its industrial capacities, continue the digitalization of its tools and invest in software development. The company is targeting a production rate of one satellite per week by the end of 2027.