ECMIndustrialsSIGNED
Eos X Space Raises 110 Million to Grow in the US
Value
$110M
Acquirer
Investors
Target
Eos X Space
Eos X Space has captured an additional 110 million euros, bringing its total funding raised this year to 260 million dollars. The company is preparing for an initial public offering in the US and London ahead of its commercial launch.
✦ Meridian Analysis
Eos XSpace has closed a €110 million equity placement with Global Emerging Markets (GEM), a New York‑based alternative‑investment group, bringing the company’s total financing for 2024 to $260 million. The round, signed this week, follows a $140 million Series D completed a few months earlier and is being coordinated by Bank of America Merrill Lynch as lead adviser. GEM’s investment will fund the firm’s U.S. development programme, bolster its industrial capabilities and support both its civil‑ and military‑satellite activities, while the company continues to prepare dual listings in New York and London.
Eos XSpace’s valuation of $1.2 billion pre‑integration and its projected $4.5 billion IPO “starting point”.
Going forward, the market will watch the final terms of the equity raise – pricing, implied multiple and any accompanying debt component were not disclosed – as well as the composition of the advisory team beyond BofA. Confirmation of regulatory clearances in the U.S. and U.K., and the exact timetable for the dual IPO, remain pending and will shape the timing of Eos XSpace’s transition from private funding to public markets.
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