ReOrbit , a Finnish startup focused on sovereign satellites, has raised a record €45 million (about US $53 million) Series A round of funding for a European space tech company. That’s another sign that European new space market is heating up, fueled by a geopolitical environment in which interdependence has become a concern.

Founded in 2019 and based in Helsinki, ReOrbit aims to help countries control their own satellites. According to its CEO, Sethu Saveda Suvanam, it offers a solution to nations that can’t build their own satellites but want an affordable alternative to Elon Musk-owned Starlink.

Unlike Starlink, which also targets private users and enterprises, ReOrbit wants its clients to have full ownership and sovereignty over their satellites and communications. This means sourc

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