Argotec, production sprint with 50 million maxi-round
"The market has changed radically, now we have to run. And this was therefore the right time to bring new capital on board". A first for David Avino, founder of Argotec,...
Argotec, an Italian space company founded in 2008 by David Avino, has secured a €50 million investment from Nuo, a holding company focused on growing Italian excellence. The funding will be used to expand production capacity, develop new services, and strengthen the company's US presence. Argotec aims to increase its revenue to over €70 million this year and surpass €100 million in 2027, with plans to produce 80 satellites per year.
The company is also working on developing intelligent and cooperating satellites, and aims to consolidate its position in the downstream segment of the space value chain.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
