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 29/10/2026, 23:20:24 UTC.

Briefings

Italian smallsat manufacturer Argotec raised €50M to increase annual satellite production from 52 to 80 units. The funding 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. CEO David Avino stated this is an initial step toward a larger follow-on round.

Key points

• Argotec raised €50M 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 Argotec.

Context

Argotec, an Italian smallsat manufacturer founded in 2008, has built flight heritage including two microsatellites for NASA missions. The company focuses on satellites up to 350kg and is developing programs like Italy's Hawk for Earth Observation constellation. This funding supports industrial expansion and international market growth.

Limitations

Evidence covers only the initial €50M funding round; the company states this is just the first step toward a larger follow-on round. Specific dates for the new factory opening and exact integration timelines are not provided in the source.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 29/10/2026, 23:21:34 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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