Schaeffler and Spire Global Form Strategic Partnership for European Space Infrastructure

• •Schaeffler and Spire Global signed an MoU to develop European space hardware and satellites.
• •The partnership aims for a revenue target of €250 million by 2030.
• •Schaeffler's entry into the space sector is part of its Strategic Ambition 2035 framework.

On May 27, 2026, Schaeffler AG and Spire Global announced a Memorandum of Understanding to collaborate on developing space hardware subsystems and satellite platforms for European defense, weather, and civil security applications. The partnership aims to establish a sovereign European space infrastructure by the end of the decade, focusing on scaling supply chains and industrializing satellite production. Schaeffler's CEO stated the goal is to achieve approximately €250 million in revenue from this venture by 2030. The collaboration combines Schaeffler's manufacturing capabilities with Spire's satellite expertise, leveraging their dual-continent production capacity. This initiative is part of Schaeffler's strategic growth plan for the space and defense sectors, highlighting the importance of self-reliance in European space capabilities.