Space

Argotec Raises €50M To Scale Small Sat Manufacturing

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 30/10/2026, 12:50:26 UTC.

Briefings

Italian smallsat manufacturer Argotec raised €50M to increase annual production from 52 to 80 satellites. The round was led by NUO Space, a private equity firm based in Milan. The company has flight heritage from NASA missions and focuses on satellites up to 350kg. The new funding supports factory expansion in Florida and AI integration, though the company notes this is an initial step toward a larger follow-on round.

Key points

• Argotec raised €50M ($55.8M) to increase annual satellite production capacity from 52 to 80 units.
• NUO Space, a private equity firm based in Milan, led the funding round for the Italian company.

Context

Argotec, an Italian smallsat manufacturer founded in 2008, raised €50M to ramp up small satellite manufacturing. NUO Space S.p.A, the space arm of the Milan-based private equity firm, led the round. The company focuses on building small sats up to 350kg and has flight heritage from NASA missions.

Limitations

Evidence is limited to the article's report of the funding announcement. The company states this is an initial down payment for a larger follow-on round, so the total amount raised remains uncertain. Specific future production targets beyond 80 satellites per year are not confirmed, and the exact impact of the new factory expansion in Florida is not quantified.

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