European Investment Bank, European Commission invest in ArianeGroup and EU space venture fund

by Peter B. de Selding

BRUSSELS — European government financing institutions agreed to make two investments totaling 200 million euros ($222.6 million) into the future Ariane 6 heavy-lift launcher and into a venture capital fund to provide equity to European Union-based space startups.

The European Investment Bank (EIB), in what it sad was an act of faith in the commercial success of Ariane 6, contracted a 10-year loan to Ariane 6 prime contractor ArianeGroup for 100 million euros.

EIB Vice President Ambroise Fayolle said the loan will . . .

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