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    Reference: 20190497
    Release date: 7 December 2020

    Promoter – Financial Intermediary

    SPIRE GLOBAL LUXEMBOURG SARL

    Location

    Description

    The project concerns the Promoter's European capital expenditures and research and development (R&D) activities to further develop features of its new space cubesat platform, to launch new cubesats for a full worldwide service offering and to develop new innovative software applications tailored to customer needs in shipping, aviation, government and weather prediction. The project will comprise the period from 2019 to 2022.

    Objectives

    The project's main objectives are to support an European new space start-up in its expansion across the EU, by way of financing mainly its innovation and commercial scale-up investments.

    Sector(s)

    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 20 million

    Total cost (Approximate amount)

    EUR 53 million

    Environmental aspects

    The investments will concern software research, development and innovation (RDI) activities carried out within existing facilities. Therefore the project will fall under Annex I and II of Directive 2011/92/EC.

    Procurement

    The Promoter is a private company not operating in the utilities sector and does not have the status of a contracting authority. Thus, it is not covered by EU Directives on procurement.

    Status

    Signed - 24/07/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Luxembourg Telecom