News

December 3, 2020

European Investment Bank makes first “new space” investment

Spire Global will use the money to develop satellites monitoring maritime, aviation and weather space conditions


Freya Pratty

2 min read

The European Investment Bank (EIB) is to make its first direct investment into the space sector, with €20m in funding for Spire Global, the world’s largest constellation of multi-purpose satellites.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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