2026-05-04

Liftero, a Polish small satellite propulsion systems company, has begun an IPO process which is expected to lead to a listing on NewConnect, the alternative trading system operated by the Warsaw Stock Exchange. 

Going Public

We’ve begun the IPO process.

We’ve chosen the Polish NewConnect because it’s a uniquely accessible public market. It allows us to tap institutional capital years earlier than equivalent venues abroad, bypassing the months of fundraising friction that can pull founders away from building. 

For a space tech company, this is a strategic advantage: the public route gives us faster, larger, and more flexible access to the capital we need to scale. We’re following a path proven by the two arguably most successful Polish space companies – Creotech and Scanway – which have already graduated from NewConnect to the main Warsaw Stock Exchange market. The time couldn’t be better for Liftero as there is an exceptionally strong investor appetite for deep tech and space tech from the region.

We’re raising capital to scale production of our BOOSTER propulsion platform, develop new system configurations for the in-orbit servicing and reentry segments, expand our commercial reach across Europe, USA and Asia, and push through the certification and qualification work that institutional operators require. Detailed information is available at ipo.liftero.com.

Going public is a milestone, but it serves a specific purpose: enabling us to build propulsion systems at an industrial scale. That’s the core of what we’re doing at Liftero, and the IPO is designed to fund the next phase of that journey.

What We Build

We design and manufacture green chemical propulsion systems for satellites in the 30–500 kg class – the segment where most of today’s orbital activity is concentrated. Our product line, BOOSTER, comes in pre-configured variants, each matched to a specific mission profile and propulsion needs, ranging from basic orbit changes and collision avoidance to proximity operations and in-orbit servicing, reentry, and constellation-scale operations.

BOOSTER is probably the most efficient green-chemical propulsion system verified operationally in space. It provides a specific impulse (Isp) of over 290s and eliminates the constraints seen in most of the available solutions – it doesn’t overheat, there’s no degradation over lifetime, fires from cold start reliably, and provides over 20 minutes of continuous burn.

We believe propulsion systems–as products–should not only provide high operational performance, but come as a full package – with fast quoting process, predictable lead times, scalable manufacturing, ease of integration, customization, and support. BOOSTER has been designed to solve customer needs and improve mission economics – from the design, through integration, ground handling, and in-space operations.

The propulsion system design has been oriented for commercial series production since day one. This means we use standardized components and processes as building blocks to configure a mission-specific system without any custom engineering and with a short delivery timeline. 

We have broadened the industrial base by simplifying the system and eliminating exotic materials and rare processes. BOOSTER is produced using widely available materials and methods used across multiple industries oriented toward series production, e.g., automotive. In effect, there are no potential supply bottlenecks that could delay production. The entire supply chain is European and ITAR-free – we build the systems in Krakow, Poland.

The bottom line: BOOSTER is the system that offers high performance and efficiency in space, with scalable manufacturing on the ground.

What We’ve Proven

In March 2025, our first BOOSTER propulsion system launched aboard SpaceX’s Transporter-13 into orbit. It took us fifteen months to take the system there from the first lab test. We have confirmed the system performs in space just as qualified on the ground and continue the test campaign through 2026. In an industry where propulsion lead times run 12–36 months and qualification takes years, we delivered flight heritage in roughly the time it takes most vendors to process a purchase order.

Beyond the demo mission, we are currently delivering a commercial contract for an in-orbit servicing mission, with delivery targeting 2026. We are also active within the ESA, and are in discussions to support constellations and various mission profiles. Our approach is well-aligned with the customers we’re in contact with.

Why Propulsion and Why Now

While the largest quantity of spacecraft that is expected to launch in the coming years will come from megaconstellations, there are hundreds of planned constellations that will consist of tens to hundreds of satellites.

Propulsion is one of the key systems onboard such satellites. It is mandatory on specific mission profiles and goals. Controlled deorbiting is required to comply with the FCC’s and ESA’s licensing guidelines. Collision avoidance becomes critical as the number of active spacecraft grows exponentially. And only propulsion provides these capabilities.

With the accelerating trend in satellite launches and growing maneuverability requirements, the upcoming orders to be placed for propulsion deliveries are unprecedented. 

Traditional vendors operate on custom engineering timescales. On the other side, the new space operators request multiple hardware units, delivered quickly and predictably. Over the coming years, manufacturing for space will need adaptability and series-production-ready designs and processes to solve this friction. 

This is what Liftero aims to solve, with a high-performance product that is already proven in space and ready for scalable production with 6-9-month lead times.

Where We’re Going

Every economy runs on four layers: resources, information, energy, and transport. As the space economy scales toward a projected USD 1.8 trillion by 2035, the transport layer remains critical – and in space, the transport layer is propulsion.

Our mission is to build propulsion systems that scale for the thousands of spacecraft that will operate in orbit. We want to see more than 1,000 Liftero propulsion systems deployed in space. The IPO is how we get to the production scale the market needs and share our results.

Learn more about the IPO at ipo.liftero.com

 

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