SpaceX’s $75 billion IPO puts Europe’s space investment gap in the spotlight

SpaceX completed a record IPO, pushing its valuation to $75 billion and drawing global venture capital attention to space technology. In Europe, satellite operator Eutelsat Communications (EPA: ETL) climbed as much as 41% in a single week, while STMicroelectronics (STM) benefited from rising expectations for low-earth-orbit component demand. STM’s LEO revenue forecast is expected to approach $1 billion in 2026, up from $600 million last year. The article argues that fragmented funding and regulatory hurdles have held back Europe’s space industry, but the IPO is seen as a turning point for capital attention.