Schaeffler, Spire to Partner on European Space Infrastructure
The companies aim to build a sovereign European space hardware and mission business before the end of the decade
- Schaeffler and Spire Global signed an MOU to develop space hardware, satellite platforms, and sensing capabilities.
- The companies aim to combine their expertise to build a sovereign European space hardware business by decade-end.
- The partnership will initially focus on scaling supply chains for spacecraft subsystems and evaluating satellite bus platforms.
Schaeffler SHA0 10.38%increase; green up pointing triangle and Spire Global SPIR 7.79%increase; green up pointing triangle signed a memorandum of understanding to develop space hardware subsystems, satellite platforms, and advanced radio frequency and environmental sensing capabilities.
The companies aim to combine Schaeffler’s precision engineering and manufacturing scale with Spire’s satellite platform expertise to build a sovereign European space hardware and mission business before the end of the decade.
The partnership will initially focus on scaling up supply chains for spacecraft subsystems and the companies will also evaluate a path toward industrialized satellite bus platforms.
“This is a meaningful step toward a reliable, industrialized pathway for critical dual-use missions and a more self-reliant European space-industrial base capable of operating at the speed and scale modern missions require,” said Spire Chief Executive Theresa Condor.
Spire shares rose 8.9% to $25.87 in premarket trading.