Hypr Space (Hybrid Propulsion for Space)
HyPrSpace is a Bordeaux-based French aerospace startup developing patented hybrid rocket engines and launch vehicles (Baguette One suborbital, OB-1 orbital) to provide cost-effective, sovereign European access to space for government and commercial satellite operators.
- Company typePrivate
- Founded2019
- HeadquartersBordeaux, France
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Hypr Space (Hybrid Propulsion for Space) does
HyPrSpace (legal entity Hybrid Propulsion For Space) is a Bordeaux-based French aerospace startup founded in October 2019 by Alexandre Mangeot, Sylvain Bataillard, Vincent Rocher, and Alexis Azoulai. The company develops scalable hybrid rocket engines built around a patented thin annular combustion chamber and a pressure-fed architecture that eliminates turbopumps, using solid HDPE fuel with liquid oxidizer. This design is claimed to reduce launcher cost by 40% and parts count by approximately 30x relative to traditional rocket engines.
The product portfolio includes the Baguette One suborbital demonstrator (maiden flight planned end of 2026) and the OB-1 (Orbital Baguette One) commercial launcher designed to carry up to 235 kg to Low Earth Orbit (maiden flight planned end of 2027). The company offers three launch service tiers (Dedicated, Lead, and Shared flights) targeting picosat through medium satellite customers. It has also produced scaled demonstrators Lily, Joker (1/20 scale), and Terminator (full scale), with hot-fire testing conducted at the DGA EM Gironde test site.
HyPrSpace is pre-revenue commercially and currently monetizes through milestone-based government development contracts, most notably the ~€50 million CNES R2D2 contract for five orbital launches and the €35 million PADA1 France 2030 project (in consortium with Telespazio France and CT Ingénierie) for Baguette One development. Customers are primarily French and European government space and defense agencies; the company has raised roughly €66 million+ cumulatively across seed, grants, pre-Series A, and Series A rounds, with the largest private round being an oversubscribed €21 million Series A in late 2025 led by Red River West.
Hypr Space (Hybrid Propulsion for Space) firmographics
Firmographics- Name
- Hypr Space (Hybrid Propulsion for Space)
- Legal name
- Hybrid Propulsion For Space
- Website
- https://hybrid-propulsion.space
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- HyPrSpace is a Bordeaux-based French aerospace startup developing patented hybrid rocket engines and launch vehicles (Baguette One suborbital, OB-1 orbital) to provide cost-effective, sovereign European access to space for government and commercial satellite operators.
- Ownership category
- akta.pro rank
Hypr Space (Hybrid Propulsion for Space) industry classification
Industry- Product category
- Space Launch Services
- NAICS
- Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415)
- SIC
- Guided Missiles & Space Vehicles & Parts (3760)
- akta.pro primary industry
- Hybrid Rocket Engines (IMABADAG)
- akta.pro secondary industry
- Rocket Motors, Propellants & Warhead Integration (IMABAHAC)
Keywords
Where Hypr Space (Hybrid Propulsion for Space) is headquartered
LocationHeadquarters
- HQ city
- Bordeaux
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Hypr Space (Hybrid Propulsion for Space) business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Supply Chain, Infrastructure, Operations
Revenue model
- Orbital Launch Services: Revenue generated from launching satellite payloads into orbit using the OB-1 (Orbital Baguette One) orbital launcher. The company offers dedicated, lead, and shared flight options targeting various satellite operator needs.
- Suborbital Demonstration Launches: Revenue from suborbital flights using the Baguette One vehicle, including technology demonstration and validation services for hybrid propulsion technology.
- Government Contracts: Revenue from French government contracts including the CNES R2D2 contract (5 launches, ~€50 million) and PADA1 France 2030 project (€35 million) for launcher development and demonstration flights.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Dedicated Flight - Solo mission with full payload capacity |
| Other | Multi-year contract | Lead Flight - Primary customer with shared ride |
| Other | Multi-year contract | Shared Flight - Mutualized routine missions |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
Hypr Space (Hybrid Propulsion for Space) product offering
Product offeringCore offering
HyPrSpace develops and commercializes a patented hybrid rocket propulsion system and the launch vehicles built around it. The core engine uses a thin annular combustion chamber and pressure-fed architecture without turbopumps, reducing launcher cost by 40% and part count by roughly 30x compared with traditional rocket engines. The company packages this engine into the suborbital Baguette One demonstrator and the OB-1 orbital microlauncher, offering Dedicated, Lead, and Shared launch services for smallsat and medium satellite customers.
Product overview
HyPrSpace offers a portfolio of patented hybrid rocket engines and launch vehicles. The core product is a scalable hybrid rocket engine featuring an ultra-thin annular combustion chamber and pressure-fed architecture that eliminates turbopumps. The company provides three launch service options (Dedicated Flight, Lead Flight, Shared Flight) using two launch vehicles: Baguette One (suborbital demonstrator) and OB-1 (orbital launcher capable of carrying up to 235 kg payloads to LEO). The product portfolio is designed to deliver cost-effective and sovereign access to space for civil and defense applications.
Differentiator
Problem solved
Functional benefit
Brands
- Baguette One: Suborbital rocket demonstrator using hybrid propulsion technology to validate in-flight patented hybrid propulsion technology.
- OB-1 (Orbital Baguette One)
- Joker
- Terminator
Products and services
- Hybrid Rocket Engine Patented scalable hybrid rocket engine combining benefits of liquid and solid propulsion. Features a thin annular combustion chamber and a pressure-fed architecture that eliminates turbopumps, reducing launcher cost by 40% and using roughly 30 times fewer parts than traditional rocket engines. Uses solid HDPE fuel with liquid oxidizer.
- Baguette One Suborbital rocket demonstrator using HyPrSpace's hybrid propulsion technology to validate in-flight performance and serve as a platform for suborbital research and technology demonstration missions.
- OB-1 (Orbital Baguette One) Commercial orbital microlauncher built on HyPrSpace's hybrid engine, designed to deliver up to 235 kg payloads to Low Earth Orbit. Five launches contracted under the CNES R2D2 program.
- Dedicated Flight Launch Service Solo launch mission in which the customer has exclusive use of the launch vehicle and selects orbit, timing, and pace. Aimed at satellite operators with dedicated mission needs.
- Lead Flight Launch Service Lead customer defines the destination orbit and launch schedule, with secondary payloads joining the same mission as ride-share passengers. Designed for operators who want priority scheduling at shared cost.
- Shared Flight Launch Service Mutualized ride-share launch service for routine smallsat missions, providing cost-sharing access to orbit for customers with smaller or non-time-critical payloads.
Quantifiable outcome
- 40% cost reduction in launcher costs compared to traditional rocket engines due to turbopump-free architecture
- +3 more outcomes
Companies that use Hypr Space (Hybrid Propulsion for Space)
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Hypr Space (Hybrid Propulsion for Space) technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Hypr Space (Hybrid Propulsion for Space) partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and supporting.
- CNES (Centre National d'Études Spatiales)coreFrench space agency awarded HyPrSpace the R2D2 contract (approximately €50 million) for five launches carrying payloads up to 235 kg to Low Earth Orbit. This contract recognizes HyPrSpace as a key player in the French space industry and supports development of the OB-1 orbital launcher.
- Telespazio FrancecoreConsortium partner in the PADA1 project alongside HyPrSpace and CT Engineering. Telespazio France contributes to system engineering and ground operations activities for the Baguette One and OB-1 development program.
- CT Ingénierie (CT Engineering)coreConsortium partner in the PADA1 project alongside HyPrSpace and Telespazio France. Contributes to system engineering and ground operations activities for the Baguette One and OB-1 development program.
- DGA (Direction Générale de l'Armament)supportingFrench defense procurement agency providing test infrastructure at the Gironde test site for HyPrSpace's engine testing campaigns. Joker engine testing and other hot-fire tests have been conducted at DGA EM facilities.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Hypr Space (Hybrid Propulsion for Space) competitors and assessment
Company assessmentDirect peers
- Isar Aerospace: German small launch vehicle startup developing the Spectrum rocket for smallsat deployment. Most directly comparable European competitor targeting the same micro-launcher market segment as HyPrSpace's OB-1, with similar government funding base and pre-commercial flight status.
- PLD Space: Spanish launch startup developing the Miura 5 orbital micro-launcher for smallsat missions. Direct European peer competing for the same government-backed smallsat launch customers, with comparable funding stage and pre-first-orbital-flight status.
- Skyrora: UK-based launch startup developing the Skyrora XL orbital vehicle using hybrid propulsion technology. Particularly comparable to HyPrSpace as one of the few competitors also pursuing hybrid rocket engines for orbital launch, with similar European strategic positioning.
- Orbex: UK small launch startup developing the Prime orbital micro-launcher using bio-propane fuel. Direct European competitor targeting smallsat customers, with comparable funding profile and pre-commercial flight status.
- Relativity Space: US launch startup developing the Terran R and Terran 1 rockets using 3D-printed manufacturing. Competes in the same next-generation small-to-medium launch vehicle category with substantial venture capital backing and novel manufacturing approach.
- ABL Space Systems: US small launch startup developing the RS1 rocket for responsive smallsat launch. Direct competitor in the smallsat launch market with comparable company stage and targeting similar government/commercial customer segments.
Broad incumbents
- Rocket Lab: US-listed launch provider operating the Electron small launcher with extensive flight heritage and now developing the Neutron medium launcher. Represents the established commercial benchmark for smallsat launch services that HyPrSpace competes against globally.
- ArianeGroup: European launch services prime operating the Ariane 6 and Vega rockets, jointly owned by Airbus and Safran. The incumbent European launch provider that HyPrSpace positions against in the sovereign launch market, with substantially larger resources and established customer relationships.
- Avio: Italian aerospace company operating the Vega launch vehicle family for ESA and commercial customers. Established European competitor in the small-to-medium launch segment, with Vega-C serving a similar market niche as HyPrSpace's planned OB-1 launcher.
Emerging players
- Reaction Engines: UK advanced propulsion company developing the SABRE pre-cooled air-breathing engine for space access. Comparable as a UK/European advanced propulsion startup with similar funding model, though targeting a different propulsion technology architecture.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Hypr Space (Hybrid Propulsion for Space) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hypr Space (Hybrid Propulsion for Space) leadership team
Management profileNumber of profiles
Profiles6 records
Hypr Space (Hybrid Propulsion for Space) funding detail
Funding detailFunding overview
Funding rounds6 records
Investors7 records
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Hypr Space (Hybrid Propulsion for Space) M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about Hypr Space (Hybrid Propulsion for Space)
What does Hypr Space (Hybrid Propulsion for Space) do?
HyPrSpace develops and commercializes a patented hybrid rocket propulsion system and the launch vehicles built around it. The core engine uses a thin annular combustion chamber and pressure-fed architecture without turbopumps, reducing launcher cost by 40% and part count by roughly 30x compared with traditional rocket engines. The company packages this engine into the suborbital Baguette One demonstrator and the OB-1 orbital microlauncher, offering Dedicated, Lead, and Shared launch services for smallsat and medium satellite customers.
Is Hypr Space (Hybrid Propulsion for Space) a public or private company?
Hypr Space (Hybrid Propulsion for Space) is a private company. It is classified as venture growth investor backed and is currently operating.
When was Hypr Space (Hybrid Propulsion for Space) founded?
Hypr Space (Hybrid Propulsion for Space) was founded in 2019. It employs 51 to 100 people.
Where is Hypr Space (Hybrid Propulsion for Space) based?
Hypr Space (Hybrid Propulsion for Space) is headquartered in Bordeaux, France, in the Europe region.
How does Hypr Space (Hybrid Propulsion for Space) make money?
Three revenue lines are on record. Orbital Launch Services are the primary driver. The others are suborbital Demonstration Launches and government Contracts.
Who are Hypr Space (Hybrid Propulsion for Space)'s main competitors?
Direct peers on record are Isar Aerospace, PLD Space, Skyrora, Orbex, Relativity Space and ABL Space Systems. Broad incumbents are Rocket Lab, ArianeGroup and Avio. Reaction Engines is listed as an emerging player.
Does Hypr Space (Hybrid Propulsion for Space) have an API?
No public API is recorded for Hypr Space (Hybrid Propulsion for Space).
What industry is Hypr Space (Hybrid Propulsion for Space) in?
Hypr Space (Hybrid Propulsion for Space)'s product category is Space Launch Services. Its primary akta.pro industry code is IMABADAG, Hybrid Rocket Engines, with a secondary code of IMABAHAC, Rocket Motors, Propellants & Warhead Integration. Its NAICS code is 336415 and its SIC code is 3760.