European space companies seek more competitive government contracts

BREMEN, Germany — Companies and investors want European governments to take more risks and buy services from space startups, rather than awarding grants, to make the industry more competitive with American counterparts. A long-standing challenge for European space startups has been access to capital, which was perceived to be more readily available in the United States. That was particularly true as companies tried to raise later, larger rounds to scale up their businesses. “Europe has done all the hard work to get the companies up and running, but then when…

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