Rocket Maker Avio May Consider €300 Million Capital Raise

Avio SpA, an Italian rocket maker, is considering a capital raise of up to €300 million ($351 million) to bolster its satellite-launch business, according to sources familiar with the matter. The potential capital increase aims to strengthen Avio's position in the growing satellite-launch market. As a leading provider of launch services, the company is seeking to capitalize on the rising demand for satellite deployments. The funds raised would likely be used to finance Avio's ongoing investments and development of its launch capabilities, enabling the company to better compete in the increasingly competitive space sector. The move comes as the global space industry continues to evolve, with private companies playing a more prominent role alongside government space agencies. Avio's capital-raising efforts reflect its ambition to remain at the forefront of the industry and capitalize on emerging opportunities in the satellite-launch segment.