SBSP · OPERATOR PROFILE · DATA AS OF 2026-06-10

TerraSpark

Active SBSP Private HQ: Luxembourg Founded 2025

Luxembourg SBSP startup whose CTO previously led ESA's SOLARIS programme - effectively a commercialization vehicle for European agency SBSP talent. Raised a EUR 5.4M pre-seed (Mar 2026); ground beaming demos are planned for 2026 with an orbital prototype targeted 2027-28.

35.1

ARI Composite

Very High Risk

#29 of 30

Peer Rank

Infrastructure cohort

—

Total Launches

No flights tracked

—

Estimated valuation

Not disclosed

FINANCIAL HEALTH

35.1

ARI composite · Very High Risk

Peer rank#29 of 30

Peer groupInfrastructure

Data coverage72%

Full finance profile →

SECTOR POSITION

Primary sectorSBSP

Rank within sector#29 of 30

Tracked peers30

REGISTRY DATA

Legal nameTerraSpark

OwnershipPrivate

HeadquartersLuxembourg

CountryLU

Founded2025

AliasesTerraSpark

Key programsGround beaming demos (2026), Orbital prototype (2027-28)

Last fundingPre-seed, EUR 5.4M (Mar 2026)

IPO statusPrivate

Source: space_company_registry.json · Operator homepage → · Company announcement of the EUR 5.4M pre-seed (Mar 2026); cross-ref EU-Startups coverage.

METHODOLOGY

Launch history and subsystem outcomes aggregate from AstraVeris's launch_events table with Wilson 95% lower bounds on success rates. ARI scores come from the 11-factor composite (/finance/methodology/). Constellation counts derive from the live CelesTrak/GCAT object catalog. Gov contracts from USAspending.gov awards; private deals from deduplicated pipeline deal extraction. Absence of a row means "not tracked" — we never fabricate. See /methodology/ for the full data model and /data-licensing/ for licensing terms.

Not investment advice. For insurance underwriting, verify against primary-source filings and operator investigation reports.