November Fundraising & Financing Activity
November 4 – German satellite manufacturer Reflex Aerospace GmbH raised €50m in a Series A funding round led by Human Element Ventures, LLC, with participation from Alpine Space Ventures Management GmbH, Bayern Kapital GmbH and others.
November 12 – French smallsat manufacturing start-up U-Space SAS raised €24m in a Series A funding round led by Blast SAS, the Definvest fund of the French Armed Forces, which is managed by Bpifrance, and Expansion Ventures SAS, with participation from others.
November 18 – Rocket propulsion start-up Ursa Major Technologies Inc. raised $100m in a Series E funding round led by Eclipse Operations, LLC, with participation from XN LP and others, and also announced $50m in debt financing commitments.
Read more related news in Space Business Review November 2025.
