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NATO Invests €8 Million in Satellite Startup Kreios Space

9/19/2025

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Summary

Story summary

NATO's Innovation Fund invested €8 million ($9.5 million) in Spanish startup Kreios Space, which develops satellite technology for very low orbits (150-400 km).
Kreios plans to launch its first satellite in 2027, utilizing atmospheric air for propulsion to minimize fuel needs.
The company aims to enhance telecommunications and Earth observation for commercial and defense applications.
Total funding exceeds €10 million, with additional investors including Grow Venture Funds and Xesgalicia.
Founded in 2021, Kreios currently employs 17 people.

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Story summary

NATO's Innovation Fund invested €8 million ($9.5 million) in Spanish startup Kreios Space, which develops satellite technology for very low orbits (150-400 km).
Kreios plans to launch its first satellite in 2027, utilizing atmospheric air for propulsion to minimize fuel needs.
The company aims to enhance telecommunications and Earth observation for commercial and defense applications.
Total funding exceeds €10 million, with additional investors including Grow Venture Funds and Xesgalicia.
Founded in 2021, Kreios currently employs 17 people.