Hypr Space (Hybrid Propulsion for Space)

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.

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

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

• Hybrid rocket propulsion
• Orbital launch services
• Microlauncher development
• Satellite launch vehicles
• Space propulsion systems

Headquarters

HQ city

Bordeaux

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Infrastructure, Operations

Revenue model

1. 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.
2. Suborbital Demonstration Launches: Revenue from suborbital flights using the Baguette One vehicle, including technology demonstration and validation services for hybrid propulsion technology.
3. 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

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core 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

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• CNES (Centre National d'Études Spatiales)coreStrategic or Co-development Partner · 1 March 2024French 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 FrancecoreStrategic or Co-development Partner · 12 December 2023Consortium 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)coreStrategic or Co-development Partner · 12 December 2023Consortium 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)supportingStrategic or Co-development Partner · 1 April 2021French 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

Direct 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

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds6 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hypr Space (Hybrid Propulsion for Space)