BRUSSELS — The technical and financial challenges faced by the more than half-dozen small launcher startups in Europe are well-known:
None has yet launched or proven an ability to reach space and safely deposit a customer payload. Infant launcher failure is a common occurrence.
With the possible exceptions of Isar Aerospace and MaiaSpace — the former having raised more than 300 million euros ($325 million), the latter is a subsidiary of ArianeGroup — none can be sure of having enough cash to complete development . . .
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