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Destinus Seeks €200 M IPO, Targets €5 B Valuation

5/18/2026

33 8 Full Breakdown

Summary

Story summary

Destinus is seeking around €200 million as it prepares a potential IPO in Amsterdam.
The company targets a valuation above €5 billion based on projected €500 million annual revenue.
Destinus raised convertible notes above €1 billion and bought Daedalean for CHF 180 (?$225 million).
Founder Mikhail Kokorich renounced Russian citizenship in 2024 opposing the Kremlin and the Ukraine war.

History

Historical Context

The 2004 Ansari X Prize—modeled on the 1919 Orteig Prize—awarded $10 million to SpaceShipOne, proving private rockets could reach space and spurring private-space investment; the X Prize Foundation’s contest attracted over $100 million in development spending. Building on that incentive-prize legacy, Destinus now seeks €200 million in an Amsterdam IPO after raising over €1 billion in convertible notes.

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Story summary

Destinus is seeking around €200 million as it prepares a potential IPO in Amsterdam.
The company targets a valuation above €5 billion based on projected €500 million annual revenue.
Destinus raised convertible notes above €1 billion and bought Daedalean for CHF 180 (?$225 million).
Founder Mikhail Kokorich renounced Russian citizenship in 2024 opposing the Kremlin and the Ukraine war.

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