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Government
esa.int

Investments

46

Portfolio Exits

2

Partners & Customers

10

About European Space Agency

The European Space Agency is an intergovernmental organization dedicated to the exploration of space, with 22 member states. Established in 1975 and headquartered in Paris, France, ESA has a worldwide staff of about 2,000 and an annual budget of about €5.25 billion or US$5.77 billion.

Headquarters Location

Paris,

France

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Latest European Space Agency News

Scientists track rapid retreat of Antarctic glacier

Nov 28, 2023

Credit: European Commission, European Space Agency, Copernicus Sentinel-2 Data, Benjamin Wallis Scientists are warning that apparently stable glaciers in the Antarctic can “switch very rapidly” and lose large quantities of ice as a result of warmer oceans. Their finding comes after a research team led by Benjamin Wallis, a glaciologist at the University of Leeds, used satellites to track the Cadman Glacier, which drains into Beascochea Bay, on the west Antarctic peninsula. Between November 2018 and May 2021, the glacier retreated eight kilometres as the ice shelf at the end of the glacier – where ice extends out into the sea and is anchored onto the sea floor at what is known as the grounding zone – collapsed. (See image 1) The ice shelf would have acted as a buttress, slowing the movement of the glacier towards the sea. Surrounded by warmer ocean waters, the scientists believe the ice shelf thinned and became ungrounded, and the ice shelf was no longer able to hold back the glacier. As a result, the speed at which the glacier was flowing rapidly accelerated – doubling its speed – increasing the amount of ice it discharges into the sea as icebergs, through a process known as iceberg calving. Wallis said: “We were surprised to see the speed at which Cadman went from being an apparently stable glacier to one where we see sudden deterioration and significant ice loss. “What was also curious was that the neighbouring glaciers on this part of the west Antarctic Peninsula did not react in the same way, which may hold important lessons for the way we can better project how climate change will continue to affect this important and sensitive polar region. “Our study brought together data from three decades, nine different satellite missions, and in-situ oceanographic measurements to understand the changes happening in Antarctica. This demonstrates how important it is to have long term monitoring of the Earth’s polar regions with a range of sensors which all tell us a different piece of the story.” According to the scientists, the Cadman Glacier is now in a state of “substantial dynamic imbalance”. The ice on the glacier has continued to thin, with elevation being lost at a rate of around 20 metres a year. That is equivalent to a loss in height of a five-storey building each year. And around 2.16 billion tonnes of ice are draining from the Cadman Glacier into the ocean each year. The researchers have published their analysis – Ocean warming drives rapid dynamic activation of marine-terminating glacier on the west Antarctic Peninsula – today (November 28) in the scientific journal  Nature Communications. Why the Cadman Glacier became so unstable Unusually high ocean water temperatures in early 2018/19 around the west Antarctic peninsula are believed to have triggered the rapid dynamic change on the Cadman Glacier system. By analysing historic satellite data, the scientists believe warmer ocean waters gradually thinned the glacier’s ice shelf from the early 2000s and possibly since the 1970s. The warmer water was not carried on the surface of the ocean but deep in the water column. This warmer water may have reached the ice shelf where it is grounded on the sea floor. The result is the ice shelf begins to melt from the bottom up. In 2018/19, the ice shelf was so thin that it broke free from the grounding zone and started to float, in effect slipping anchor and enabling the Cadman Glacier to drain more ice into the seas. But the scientific team still faced one big question. Why had the Cadman Glacier collapsed when the neighbouring Funk and Lever Glaciers remained relatively stable? Subsea ridges protect some glaciers By analysing subsea oceanographic data, they believe a series of subsea rock structures called ridges or sills, at a depth of 200 metres and 230 metres, acts as a defensive barrier, deflecting channels of warmer water from reaching the glaciers. Although they warn that a rise in ocean warming could compromise the ability of the ridges to protect some glaciers. Professor Michael Meredith, from the British Antarctic Survey and one of the authors of the paper, said: “We have known for some time that the ocean around Antarctica is heating up rapidly, and that this poses a significant threat to glaciers and the ice sheet, with consequences for sea level rise globally. “What this new research shows is that apparently stable glaciers can switch very rapidly, becoming unstable almost without warning, and then thinning and retreating very strongly. This emphasises the need for a comprehensive ocean observing network around Antarctica, especially in regions close to glaciers that are especially hard to make measurements.” Writing in the paper, the researchers say what has happened to the Cadman Glacier can be seen as an example of a “glaciological tipping point”, where a system in a steady state can take one or two paths based on a change in an environmental parameter. A tipping point was reached in 2018 caused by the arrival of unusually warm ocean water, which caused the ice shelf to unground. Reaching this tipping point caused the Cadman Glacier to increase its ice discharge by 28% in 13 months. The researchers say other glaciers on the Antarctic Peninsula may be vulnerable to similar sudden changes because of subsea geology. When the paper is published, it can be downloaded from the journal website: https://www.nature.com/articles/s41467-023-42970-4

European Space Agency Investments

46 Investments

European Space Agency has made 46 investments. Their latest investment was in Satavia as part of their Unattributed on May 5, 2023.

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European Space Agency Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/15/2023

Unattributed

Satavia

Yes

1

1/18/2023

Grant - II

SWISSto12

$32.49M

Yes

3

1/16/2023

Grant

MGISS

$0.61M

Yes

1

11/30/2022

Debt

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$99M

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10

11/18/2022

Grant

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$99M

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10

Date

5/15/2023

1/18/2023

1/16/2023

11/30/2022

11/18/2022

Round

Unattributed

Grant - II

Grant

Debt

Grant

Company

Satavia

SWISSto12

MGISS

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Amount

$32.49M

$0.61M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

3

1

10

10

European Space Agency Portfolio Exits

2 Portfolio Exits

European Space Agency has 2 portfolio exits. Their latest portfolio exit was Hawa Dawa on March 01, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/1/2023

Acquired

$99M

2

7/28/2022

Acquired

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$99M

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10

Date

3/1/2023

7/28/2022

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

10

European Space Agency Partners & Customers

10 Partners and customers

European Space Agency has 10 strategic partners and customers. European Space Agency recently partnered with Tekever on November 11, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

11/17/2023

Vendor

Portugal

TEKEVER Advances European Space Presence with €3.2M ESA Contract and Toulouse Space Hub

TEKEVER , a prominent European unmanned aerial systems leader , has secured a contract valued at up to € 3.2 million to provide satellite communications technology for the European Space Agency 's upcoming Comet Interceptor mission .

1

11/15/2023

Vendor

Square Peg Communications and ESA Team up to Pioneer Testing of Hybrid 5G Networks Between Earth and Space

`` We were excited to work in partnership with Square Peg to develop a strong technology solution , '' stated Matthias Stangl , VP RF Products at WORK Microwave , `` One with a potentially massive market opportunity ahead . ''

1

11/9/2023

Vendor

Netherlands, and United States

Airbus and Voyager sign agreement with ESA on Starlab commercial space station

`` Our collaboration on this next-generation space station builds on a long and successful partnership between ESA and Airbus Defence and Space in developing and operating a wide range of crewed and uncrewed spacecraft , '' Mike Schoellhorn , chief executive of Airbus Defence and Space , said in a statement .

2

10/26/2023

Vendor

Italy

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10

10/25/2023

Vendor

United States

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10

Date

11/17/2023

11/15/2023

11/9/2023

10/26/2023

10/25/2023

Type

Vendor

Vendor

Vendor

Vendor

Vendor

Business Partner

Country

Portugal

Netherlands, and United States

Italy

United States

News Snippet

TEKEVER Advances European Space Presence with €3.2M ESA Contract and Toulouse Space Hub

TEKEVER , a prominent European unmanned aerial systems leader , has secured a contract valued at up to € 3.2 million to provide satellite communications technology for the European Space Agency 's upcoming Comet Interceptor mission .

Square Peg Communications and ESA Team up to Pioneer Testing of Hybrid 5G Networks Between Earth and Space

`` We were excited to work in partnership with Square Peg to develop a strong technology solution , '' stated Matthias Stangl , VP RF Products at WORK Microwave , `` One with a potentially massive market opportunity ahead . ''

Airbus and Voyager sign agreement with ESA on Starlab commercial space station

`` Our collaboration on this next-generation space station builds on a long and successful partnership between ESA and Airbus Defence and Space in developing and operating a wide range of crewed and uncrewed spacecraft , '' Mike Schoellhorn , chief executive of Airbus Defence and Space , said in a statement .

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Sources

1

1

2

10

10

European Space Agency Team

2 Team Members

European Space Agency has 2 team members, including current Owner, Charles J Cole.

Name

Work History

Title

Status

Charles J Cole

Owner

Current

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Name

Charles J Cole

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Work History

Title

Owner

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Status

Current

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