European space startups have recently attracted significant funding, aiming to enhance their capabilities and narrow the gap with the US in this sector. Among them, satellite manufacturer Open Cosmos announced on Monday the completion of a €300 million (approximately $346 million) funding round; The Exploration Company announced the completion of a $450 million Series C funding round; Spanish rocket company PLD Space's Series C funding added €108 million, bringing the total to €288 million; German rocket startup HyImpulse raised over €50 million in new equity through its Series A funding round. Additionally, Marlan Space and Loft Orbital announced a $1 billion plan for a constellation of 50 AI satellites.