ESA selects 5 rocket companies for European Launcher Challenge
The European Space Agency (ESA) has taken a step toward diversifying its access to space.
ESA has chosen five rocket companies to pass through to the next round of its competition to encourage and support the development of new launch vehicles.
The agency announced on July 7 that it had selected German companies Isar Aerospace and Rocket Factory Augsburg (RFA), Maiaspace from France, Spain's PLD Space and Orbital Express Launch, or Orbex, which is based in the United Kingdom, to proceed to the next stage of its European Launcher Challenge.
The European Launcher Challenge (ELC) is a new scheme to promote new small and medium-sized launch vehicles and boost competitiveness in Europe, which for decades has relied on large Ariane rockets.
The challenge was announced in November 2023, followed by a request for information and a formal call for proposals in March 2025, leading to ESA announcing the preselected challengers. The ELC has two components. The first is for launch services to be performed for ESA from 2026 to 2030, while the second is for development and demonstration of larger, upgraded launchers.
Each chosen company will be eligible for up to 169 million euros ($198 million US) in support to cover one or both of these components. The ESA member states will finalize funding decisions in November at the agency's crucial ministerial council, which will set funding for projects for the next three years.
Both Isar Aerospace and RFA have made it to the pad already. Isar's Spectrum rocket had a first, short-lived flight in March from Norway, with the launcher exploding seconds in flight. RFA's RFA One rocket exploded on the pad in the Shetland Islands back in August 2024 during a static fire test.
RELATED STORIES
— European Space Agency: Facts & information
— Spanish company PLD Space launches rocket for 1st time
— Scottish rocket startup Skyrora fails on 1st space launch attempt
PLD Space conducted a suborbital flight of its Miura 1 rocket in 2023, as a stepping stone toward launching the orbital Miura 5. Orbex, meanwhile, is working on its Prime microlauncher, while Maiaspace is developing its reusable Maia rocket.
These are not the only European companies engaged in developing new rockets, with Skyrora (U.K.), Latitude (France) and HyImpulse (Germany) at various stages of developing their rocket concepts.
Solve the daily Crossword
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
What's going on with the Card Factory share price?
On several occasions, I've suggested that the Card Factory (LSE:CARD) share price was depressed or beaten down because the market didn't like its limited online presence. However, that's now changing with the acquisition of Funky Pigeon from WH Smith. The £24m purchase marks a major strategic shift, addressing long-standing concerns over its minimal online presence. Funky Pigeon will deliver a mature digital platform, experienced technology teams, and established direct-to-recipient gifting capabilities, enhancing Card Factory's digital proposition. The former WH Smith brand has been operating a successful business with average annual revenues around £32m and EBITDA of around £5m over the last two years. Cross-selling opportunities, operational efficiencies, and access to richer customer data should follow. Ultimately, this move positions Card Factory to become a top omni-channel player, uniting over 1,000 stores with a competitive online offer. Shares surge The share price surged after the acquisition was announced. Clearly, investors were happy to see the business make more progress in expanding its digital presence. However, the stock's valuation certainly isn't too demanding. The company's now trading at 6.1 times forward earnings and it's expected to have a net debt position of around £116m by the end of the year. This forward price-to-earnings (P/E) ratio's expected to fall to 5.4 times by 2027. In fact, earnings may even accelerate faster than this, given the Funky Pigeon takeover. Remember, analysts don't always update their forecasts immediately. The dividend yield remains sizeable despite the rise — share prices and dividend yields are inversely correlated. The forward yield currently sits at 6% and is expected to rise to around 7% by 2027. That's based on today's share price and the dividend forecast. It's also worth noting that dividend coverage is strong at almost three times. This suggests the payments are sustainable even if the business falls on hard times. The bottom line Card Factory, for now, remains a traditional retailer with a distinct brand and deep ties to celebrations and everyday moments. This is a quality that helps it weather shifts in consumer sentiment. The business has shown agility, adapting products and store formats to remain relevant on high streets across the UK. Seemingly, customer loyalty remains strong due to its value proposition and broad selection. While the acquisition of Funky Pigeon offers new digital potential, Card Factory's core challenge remains revitalising its high street presence and ensuring that physical stores complement, rather than compete with, its growing online channels. After all, it's not easy to get excited about a company that sells relatively-low-cost products from 1,000 expensive locations around the country. I say that noting the increasing cost of energy and hiring staff, especially under the current administration. However, with solid brand equity and strong valuation, Card Factory's one I'm watching closely. I believe it deserves attention from investors. The post What's going on with the Card Factory share price? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has no position in any of the shares mentioned. The Motley Fool UK has recommended WH Smith. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
Yahoo
6 minutes ago
- Yahoo
£529 to invest? This FTSE 100 ‘cheat code' share could make investors a million
The UK's most active investors — those aged between 25 and 34 — save £529 on average per month. That's according to investments provider Shepherds Friendly. With this sort of sum, I think it's realistic to target a million-pound portfolio with FTSE 100 shares. Since 2015, the Footsie's delivered an average annual return of 7%. And, in recent days, it's touched new record highs. But I believe buying individual blue-chip stocks is the most effective way to build long-term wealth. There's no such thing as a 'sure thing' in investing. However, this FTSE 100 growth share has proved to be a terrific 'cheat code' for long-term investors looking to supercharge their portfolios. And I think it will remain an exceptional wealth creator. If its performance since 2015 continues, a £529 monthly investment each month will create a portfolio worth £1,022,797 just over 10 years from now. I wouldn't just hold one share in my portfolio, given the high risk that comes with a lack of diversification. But here's why I think buying this company as part of a balanced portfolio demands consideraton. Jaw-dropping return Games Workshop's (LSE:GAW) delivered a stunning annual return of 42.9% over the past decade. The products might not be to everyone's tastes. But the exceptional capital gains it's produced make it hard to ignore. In a nutshell, the company designs, manufactures, and sells miniatures and tabletop games systems, chiefly under the Warhammer brand. Other products include paints, dice, and books that bring its products and the associated lore to life. This is clearly a niche industry. But it's a vast one — today Games Workshop has hundreds of stores and a distribution network spanning the globe — and it's still growing rapidly as the fantasy gaming genre enters new markets. The FTSE company had revenues of £119.1m a decade ago. That's since ballooned to £617.5m today. There are two other reasons why I like Games Workshop shares. It is the market leader, and enjoys spectacular margins as a result (core gross margin was 69.5%, latest financials show). And the business is stepping up licencing of its highly popular intellectual property (IP) to help drive future growth, including a blockbuster TV and film deal with Amazon. Growth powerhouse Like any UK share, Games Workshop faces obstacles it'll need to overcome in the years ahead to keep delivering delicious returns. One is the problem of mounting competition as other games companies try to steal in on its markets. Adding to this, there's also been substantial growth in the counterfeit market, fuelled by the rapid rise of 3D printing. But so far, the premium quality of Games Workshop's product — and aggressive moves to protect its IP — have helped it stay ahead of the curve. These twin factors explain why City analysts remain confident in the company's long-term profits outlook. Okay, they predict it will follow a 19% rise in annual earnings for the last financial year (to May 2025) with a 5% fall in the current period. However, this reflects the likelihood of fewer major new product releases this year compared to the financial 2025 year. Brokers are tipping earnings to rebound 9% next year, as fresh new games are released and broader consumer spending recovers. As part of a balanced portfolio, Games Workshop is a top growth stock to consider. The post £529 to invest? This FTSE 100 'cheat code' share could make investors a million appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Royston Wild has positions in Games Workshop Group Plc. The Motley Fool UK has recommended Amazon and Games Workshop Group Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
8 minutes ago
- Bloomberg
Summer Reading for Your Portfolio—and Sanity
By Every week on the Merryn Talks Money podcast we ask our guests what they are reading. A theme has emerged over the last six months or so: It is a cry for help. This makes sense. There's a lot going on. The various cries can be divided into three categories: take me back to basics (investing classics); show me how this worked out last time around (history); and give me some tips on how to think (actual self-help books).