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SBSP · OPERATOR PROFILE · DATA AS OF 2026-06-11

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.

34.6
ARI Composite
Very High Risk
#32 of 33
Peer Rank
Infrastructure cohort
Total Launches
No flights tracked
Estimated valuation
Not disclosed

FINANCIAL HEALTH

34.6
ARI composite · Very High Risk
Peer rank#32 of 33
Peer groupInfrastructure
Data coverage72%

SECTOR POSITION

Primary sectorSBSP
Rank within sector#32 of 33
Tracked peers33

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.