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Bulgarian EnduroSat builds new ˆ10.6 million space development center in Sofia A new development center in Sofia will be built by the Bulgarian space company EnduroSat, it is clear from a decision of the Council of Ministers, which approved a memorandum of understanding with the company. The investment is in the amount of 10.686 million euros and 50 new jobs will be created. The center will be equipped with advanced machines and modern technologies for developing a new class of satellites. All developments are intended for export, with the main markets being the USA, the European Union, Japan and others, the government press service notes. The project has been designated as a priority and an interdepartmental working group will be created to provide institutional support for the implementation of the center. This is another major investment by EnduroSat in Bulgaria in recent months. In the fall, its Space Center in the capital became operational - a production facility covering an area of ??17,500 square meters with laboratories, clean rooms and other equipment. The goal is to assemble two of its most advanced Endurance Gen3 satellites per day. These are spacecraft weighing up to 500 kilograms and with up to 2 gigabits of connectivity, suitable for building entire constellations. EnduroSat was founded in 2015 by Raycho Raychev, and after the last round it has attracted a total of over $150 million from investors. In May 2025, it raised $49 million in a round led by tech billionaire Peter Thiel's Founders Fund. In October, it raised its largest round yet - $104 million from Riot Ventures, Google Ventures, Lux Capital, Shrug Capital and the European accelerator European Innovation Council Fund.

 

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