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Schaeffler, Spire Global Partner for European Space Hardware

Published Wednesday, May 27, 2026 · Updated May 27

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Media Analysis

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Schaeffler and U.S.-based satellite operator Spire Global have signed a memorandum of understanding to jointly develop space hardware and satellite platforms for European defence, weather, and security applications. This partnership is projected to generate €250 million in revenue by 2030, facilitating Schaeffler's entry into the space sector and enhancing Spire's presence in Germany.

What We Know — Key Points

  • Schaeffler and U.S.-based satellite operator Spire Global have signed a memorandum of understanding to jointly develop space hardware and satellite platforms for European defence, weather and security applications.
  • The partnership aims to achieve €250 million in revenue by 2030.
  • The partnership accelerates Schaeffler's entry into the space sector.
  • The partnership strengthens Spire's presence in Germany.

What Is Claimed — Perspectives

  • Channel News AsiaCenter

    Schaeffler and Spire Global have signed a memorandum of understanding to jointly develop space hardware and satellite platforms for European defence, weather, and security applications. This partnership aims to achieve €250 million in revenue by 2030, accelerating Schaeffler's entry into the space sector and strengthening Spire's presence in Germany.

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