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- Aerospacelab
Aerospacelab Funding, Investors & Competitors
Aerospacelab has raised $167M across 3 funding rounds, most recently a $110M Series B in August 2025.
Last Aerospacelab funding round
$110M
Series B · Aug 2025
Cumulative funding Aerospacelab raised
$167M
across 3 funding rounds
Key investors in Aerospacelab
XAnge
Airbus Ventures
S.R.I.W.
Belaero
Noshaq
BNP Paribas Private Equity
European Investment Bank
imec.xpand
About Aerospacelab
Aerospacelab is a Belgian satellite manufacturer founded in 2018 by Benoît Deper, headquartered in Mont-Saint-Guibert near Brussels. The company designs, manufactures, and operates small to medium-sized satellites ranging from 60 kg to 1,000 kg, with approximately 90 percent of subsystems produced in-house. Specializes in Earth observation, telecommunications, and technology demonstration missions through its Versatile Satellite Platform product line. Has deployed multiple satellites in orbit via SpaceX rideshare missions and operates manufacturing facilities in Belgium and the United States, including a Torrance, California factory opened in September 2024. Currently building a megafactory in Charleroi with capacity to produce up to 500 satellites annually. Serves commercial customers including Xona Space Systems and MDA Space, as well as European defense agencies and ESA. Has raised over $230 million in funding from investors including Airbus Group, BNP Paribas, and the European Investment Bank.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Product sales
Aerospacelab Funding History
Aerospacelab has raised a total of $167M across 3 funding rounds.
Aerospacelab's first fundraising round was a $12M Series A in April 2019. The most recent completed round was a $110M Series B in August 2025.
Aerospacelab funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2025 | Series B | Torus Capital; Airbus Ventures; Marc Dubaere; BNP Paribas Fortis; European Investment Bank; XAnge; imec.xpand; Dassault Systemes | $110M | Aerospacelab is a leading European satellite manufacturer based in Charleroi, Belgium, specializing in satellite platforms, subsystems, and payloads with a focus on vertical integration of key subsystems. The company serves commercial telecommunications and institutional customers, and is positioned as a subsystem supplier for MDA Space's Aurora satellite product line and as a finalist for ESA's IRIS2 constellation program. In August 2025, Aerospacelab closed an extended Series B funding round totaling €94 million (USD 110 million). The round comprised two tranches: a dual-tranche funding of €56 million (USD 66 million) and a €38 million (USD 44 million) commitment from an unnamed European financial institution. Returning and new investors participated in this round, which includes contributions from imec.xpand II, Marc Dubaere, BNP Paribas Fortis Private Equity, Torus Capital, and Space Opportunities Syndicate. The Series B capital is being deployed to complete and equip the company's Megafactory in Charleroi, Belgium, an advanced satellite production facility designed for manufacturing up to 500 satellites annually. Construction of the Megafactory began in 2024, with initial satellite production expected in 2026 and full production capacity targeted for 2027. The facility is positioned to become Europe's largest satellite manufacturing plant. Aerospacelab generated €29 million in revenue in the prior fiscal year but reported an €11 million operating deficit. The company is capitalizing on rising institutional demand for satellite hardware driven by European government investment in space defense and sovereignty, while also addressing growth in commercial telecommunications applications. |
| Feb 2022 | Series B | Airbus Ventures (lead); XAnge (lead); Noshaq; Belaero; S.R.I.W.; Octave Klaba; Miroslaw Klaba; BNP Paribas Private Equity; Sambrinvest | $45M | Aerospacelab is a Belgian satellite manufacturer founded in 2018, specializing in vertically integrated small satellite platforms for geospatial intelligence, including multispectral and very high-resolution Earth observation imagery. The company launched its first satellite, Arthur, in June 2021 via SpaceX Transporter-2 and operates from two offices with over 110 employees by early 2022. It positions itself as a leader in affordable, actionable geospatial data through proprietary satellite constellations and data fusion analytics. On February 16, 2022, Aerospacelab closed a €40 million ($44.9-45.5 million) Series B funding round co-led by Airbus Ventures and XAnge, with participation from Octave and Miroslaw Klaba, SRIW (Meusinvest/Noshaq), BNP Paribas Private Equity, Sambrinvest, and Belaero. This brought total funding since inception to €60 million, following an €11 million seed round led by XAnge in 2019. Proceeds from the round aim to ramp up satellite production capacity to potentially two satellites per day, deploy multiple constellations for intra-daily Earth monitoring, and enhance geospatial data analytics. The funding underscores investor confidence in Aerospacelab's role in the New Space ecosystem, blending European industrial roots with commercial scalability. Later developments include an extended Series B in August 2025 raising an additional €94 million (110 million USD) in dual tranches, but this is distinct from the 2022 round. |
| Apr 2019 | Series A | XAnge (lead); Belaero; S.R.I.W. | $12M | - |
Who has invested in Aerospacelab?
15 investors have backed Aerospacelab across its funding rounds, including XAnge, Airbus Ventures, S.R.I.W., Belaero, Noshaq and BNP Paribas Private Equity.
Lead investors include Airbus Ventures and XAnge.
Aerospacelab Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Apr 2019 | ||
| -- | 2 | Participant | Apr 2019 | |
| 2 | Lead | Feb 2022 | ||
| 2 | Participant | Apr 2019 | ||
| 1 | Participant | Aug 2025 | ||
| 1 | Participant | Feb 2022 | ||
| -- | 1 | Participant | Aug 2025 | |
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Aug 2025 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Aug 2025 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 15 Aerospacelab investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Aerospacelab
Aerospacelab has acquired 1 company to date.
Last acquisition by Aerospacelab was on April 15th 2024. Aerospacelab acquired Advanced Mechanical and Optical System for undisclosed valuation.
Latest Acquisitions by Aerospacelab
| Description | Advanced Mechanical and Optical Systems is a Liège-based engineering firm producing high-precision optomechanical systems for space agencies and observatories. AMOS supplies telescopes to ESO's Very Large Telescope array in Chile, mirrors for James Webb Space Telescope precursors, and satellite mechanisms for ESA missions. The company also builds vacuum chambers for payload testing at sites like ESTEC in Noordwijk. |
| HQ Country | |
| HQ City | Liège |
| Deal Date | 15 Apr 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Aerospacelab acquisitions and their M&A valuation multiples. Start Free Trial | |
Aerospacelab Competitors
Aerospacelab competitors include listed companies like SpaceX, China Spacesat, OHB and Hunan Aerospace Huanyu, and private ones like Apex and SpinLaunch.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Publicly listed | $910M | $56M | $10B | 10.0x | ||
| Publicly listed | $1.4B | $141M | $4.2B | 2.3x | ||
| Publicly listed | $68M | $14M | $2.4B | - | ||
| Private | $18M | - | $2.3B | - | ||
| Private | - | - | $2B | - |
Aerospacelab Public Comps
Aerospacelab is still privately-owned, but its public comps include SpaceX, GE Aerospace, RTX, Airbus, Rolls-Royce, Safran, Boeing, Lockheed Martin, Parker Hannifin and General Dynamics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 106.0x | - | 503.3x | - | |||
| $46B | $11B | 7.3x | 7.0x | 30.2x | 29.1x | |||
| $89B | $15B | 3.3x | 3.1x | 19.7x | 19.4x | |||
| $85B | $11B | 2.1x | 1.9x | 16.0x | 14.3x | |||
| $28B | $11B | 5.5x | 5.2x | 14.8x | 22.4x | |||
| $36B | $13B | 4.3x | 3.8x | 11.5x | 17.6x | |||
| $89B | $7.4B | 2.0x | 1.9x | 24.7x | 37.2x | |||
| $75B | $8.7B | 1.9x | 1.8x | 16.1x | 13.1x | |||
This data is available for Pro users. Sign up to see all Aerospacelab competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Aerospacelab
| When was Aerospacelab founded? | Aerospacelab was founded in 2016. |
| Where is Aerospacelab headquartered? | Aerospacelab is headquartered in Mont-Saint-Guibert, Belgium. |
| Is Aerospacelab publicly listed? | No, Aerospacelab is a private, VC-backed company. |
| How much funding has Aerospacelab raised? | Aerospacelab has raised $167M across 3 funding rounds. |
| What was Aerospacelab's last funding round? | Aerospacelab's last funding round was a $110M Series B in August 2025. |
| Who are Aerospacelab's investors? | Aerospacelab's investors include XAnge, Belaero, Airbus Ventures, S.R.I.W., Torus Capital, Noshaq, Marc Dubaere, Octave Klaba, BNP Paribas Fortis, Miroslaw Klaba and 5 others. |
| Which companies are comparable to Aerospacelab? | Companies comparable to Aerospacelab include SpaceX, China Spacesat, OHB, Hunan Aerospace Huanyu, Apex and SpinLaunch. |
| How many companies has Aerospacelab acquired? | Aerospacelab has acquired 1 company, including Advanced Mechanical and Optical System. |
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