Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Trending Now

Maui Land & Pineapple: Rate Cuts Should Help Real Estate Plays (MLP)

December 16, 2025

HAP: An Option To Consider If Inflation And Commodities Rise In 2026 (NYSEARCA:HAP)

December 15, 2025

Brussels imposes sanctions on oil trader Murtaza Lakhani over Russia allegations

December 15, 2025

Invesco Charter Fund Q3 2025 Portfolio Positioning And Performance Highlights

December 14, 2025

At least 11 people killed in terror attack on Jewish festival at Sydney’s Bondi Beach

December 14, 2025

Wall Street Roundup: Market Reacts To Earnings

December 12, 2025
Facebook Twitter Instagram
  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact
Facebook Twitter Instagram
Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Sign Up for News & Alerts
Make a Living ClubMake a Living Club
Home » European countries boost funding for Ariane 6 rocket programme
Business

European countries boost funding for Ariane 6 rocket programme

Press RoomBy Press RoomNovember 6, 2023
Facebook Twitter Pinterest LinkedIn WhatsApp Email

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

France, Germany and Italy struck a deal on Monday to pump €340mn a year more into the troubled Ariane 6 heavy-lift rocket programme, in a bid to ensure the future of Europe’s sovereign access to space.

As part of the long-awaited tripartite agreement, Europe’s approach to commissioning launch services will open up to competition, in a fundamental shift that will put pressure on Airbus and Safran, the joint owners of ArianeGroup.

Italy has also opted to withdraw its Vega-C medium-lift rocket from ArianeGroup’s marketing arm, Arianespace. Vega-C will eventually be operated by Italian group Avio.

The agreement underscores Europe’s anxiety to close the gap in low-cost launch capacity with Elon Musk’s SpaceX in the US, which is dominating the race to exploit the rapidly developing commercial space economy.

In a decision that has been widely criticised since the programme was launched in 2014, Ariane 6 was not designed to be reusable, in order to preserve jobs.

Bruno Le Maire, French finance minister, said the three-way deal “opened a new era for European launch. It will allow Europe to continue to play a role as a great space power.”

The three countries have agreed to provide €340mn a year in extra funding to cover the costs of flights 16 to 42 of Ariane 6, which are expected to launch between 2027 and 2029-30.

An artist’s illustration of the Ariane 6 rocket
The decision to give extra funding to the Ariane 6 rocket programme was hard won, said Bruno Le Maire, French finance minister © David Ducros

The maiden flight is set for next year, but it is running some four years behind schedule. The delays have left Europe with no sovereign launch capability.

Ariane 5 made its last flight in July, while the new Vega-C medium-lift rocket was grounded after a flight failure late last year. Europe stopped using Russia’s Soyuz rocket after the full-scale invasion of Ukraine. 

Europe has had to book flights on SpaceX vehicles for next year’s planned launch of satellites into its Galileo navigation system.

The decision to give extra funding to Ariane 6 was hard won. Le Maire said it had come only after months of discussion and negotiation. France and Germany in particular have been at odds over funding for Ariane 6, which is expected to be more expensive than SpaceX’s Falcon 9. 

Video: Moon rush: the launch of a lunar economy | FT Film

France funds 55 per cent of the Ariane 6 programme and will continue to assume that proportion of the extra funding, Le Maire said.

Josef Aschbacher, director-general of the European Space Agency, hailed the progress on Ariane 6 as an important step towards solving the “crisis” in European access to space. Europe was on the brink of a “historic moment” in space transportation as it moved to a more competitive model for the development of launchers, he added.

He said he hoped to be able to announce a date for Ariane 6’s inaugural flight after a test later this month. “We need to get Ariane 6 on to the launch pad as soon as possible.”

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Brussels imposes sanctions on oil trader Murtaza Lakhani over Russia allegations

Business December 15, 2025

At least 11 people killed in terror attack on Jewish festival at Sydney’s Bondi Beach

Business December 14, 2025

Trump’s immigration data dragnet

Business December 10, 2025

The power crunch threatening America’s AI ambitions

Business December 8, 2025

Fed expected to cut rates despite deep divisions over US economic outlook

Business December 7, 2025

The housing crisis is pushing Gen Z into crypto and economic nihilism

Business November 28, 2025
Add A Comment

Leave A Reply Cancel Reply

Latest News

HAP: An Option To Consider If Inflation And Commodities Rise In 2026 (NYSEARCA:HAP)

December 15, 2025

Brussels imposes sanctions on oil trader Murtaza Lakhani over Russia allegations

December 15, 2025

Invesco Charter Fund Q3 2025 Portfolio Positioning And Performance Highlights

December 14, 2025

At least 11 people killed in terror attack on Jewish festival at Sydney’s Bondi Beach

December 14, 2025

Wall Street Roundup: Market Reacts To Earnings

December 12, 2025
Trending Now

Bear Market? Prepare Now With These 5 Best Stocks

December 11, 2025

TWFG: A Growing Insurance ‘Middle Man’ (NASDAQ:TWFG)

December 10, 2025

Trump’s immigration data dragnet

December 10, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Make a Living is your one-stop news website for the latest personal finance, investing and markets news and updates, follow us now to get the news that matters to you.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Topics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
Quick Links
  • Cookie Policy
  • Advertise with us
  • Get in touch
  • Submit News
  • Newsletter

Subscribe to Updates

Get the latest finance, markets, and business news and updates directly to your inbox.

2025 © Make a Living Club. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.