Pangea Aerospace SL

Based in Barcelona, Spain, Pangea Aerospace SL develops advanced propulsion systems for space exploration, focusing on innovative technologies that enhance efficiency and sustainability in rocket design. Founded in 2018 by Adrià Samsó, Federico Rossi, Rasmus Bergström, and Xavier Llairo, Pangea Aerospace specializes in propulsion technologies. The company is headquartered in Barcelona, Spain, and has completed 2 deals. The latest funding round occurred in March 2025, when Pangea Aerospace raised EUR 23 million in Series A funding, led by Hyperion Fund with participation from other investors, including the Center for Technological & Industrial Development and Primo Capital.

The total amount raised to date is EUR 23 million. Pangea Aerospace specializes in advanced propulsion hardware solutions for space travel, offering the MethaLox aerospike engine, which delivers thrust of 20 kN using liquid oxygen and methane. This technology resolves historical issues in cooling, costs, and weight to improve payload delivery and reduce emissions. Additionally, the U-NYX propulsion system is designed for small satellites and deep space missions, ensuring compliance with environmental regulations and scalable thrust.

The company serves commercial satellite operators and governmental agencies across Europe, North America, and Asia. In 2023, Pangea Aerospace reported revenue of EUR 3,637,990. 40 and an EBITDA of EUR 423,341. 20.

The company’s revenue model primarily involves B2B contracts with government agencies and commercial aerospace firms, structured through project-based agreements that include development partnerships and supply contracts for its propulsion systems. Pangea Aerospace plans to utilize the recent EUR 23 million raised in Series A funding to enhance its manufacturing, integration, and testing capabilities. The company is also developing new products aimed at increasing its market presence, with a focus on expanding into additional geographic regions by 2025. This strategic move will support their ongoing commitment to delivering advanced and environmentally-friendly propulsion solutions.