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Arianespace Requires Additional €210m P/A To Stay Solvent

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Airbus and Safran, who together own ArianeGroup, are requesting an additional €210 million in order to run the Arianespace rocket system in addition to the €140 million a year it already receives. Europe in Space and the French daily La Tribune broke the story.

The issue for ArianeGroup is that it cannot generate any revenue from sales without rockets to launch them. The eagerly anticipated Ariane 6 rocket is currently about 4 years late and is not anticipated to start providing commercial services until Q4 of 2024, however some reports suggest a 2025 launch.

After a failed launch in December 2022, a smaller rocket, the Italian-made Vega-C vehicle, is also experiencing technical problems. Vega-C is anticipated to resume launch operations by the end of 2024. All of Arianespace’s medium-lift satellite launches utilize the Vega fleet. On October 8th, a group of twelve tiny satellites were successfully launched using a less potent Vega rocket.

According to La Tribune, ArianeGroup’s request marks a 150 percent increase above its current annual budget. According to the research, the request would require an additional €1.8 billion in funding over a six-year period. If approved, the money would need to come from the member nations of the European Space Agency.

The ArianeSpace rocket engines are maintained by Safran.

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