Liftero raises PLN 17.5M (~€4.1M) to scale business operations and BOOSTER manufacturing capacity, backed by its flight heritage and current and potential contracts.
Liftero – the Polish space propulsion company – has closed an oversubscribed Initial Public Offering, raising PLN 17.5 million gross (approximately €4.1M). The capital raised will be allocated to scaling up manufacturing output for BOOSTER, a green chemical propulsion system, and to expanding business operations around the product. Reaching this milestone is an important step in Liftero’s journey towards expanding commercial coverage across Europe, North America, and Asia.
The public offering comes after building flight heritage on the RED5 mission and contracts, such as with OrbitAID and the European Space Agency. The company targets an official listing on NewConnect, the Warsaw Stock Exchange’s alternative stock market, at the turn of Q2/Q3 2026.
From the offer’s success to advancing commercialization
I would like to thank all investors who took the time to learn about Liftero’s business and decided to participate in our public offering in such large numbers. The demand for Liftero shares significantly exceeded the size of the offering in both tranches. Over 20 times more shares were requested in the Open Tranche than available, leading to a 95% reduction rate. The offering has generated significant interest among both retail and institutional investors, including the top Polish funds, which has resulted in gross proceeds of PLN 17.5 million – more than we initially anticipated to support our growth ambitions,” comments Tomasz Palacz, CEO of Liftero.
“We have strengthened our shareholder base with long-term funds and numerous retail investors. They are gaining exposure to what will soon be the only space sector company listed on NewConnect, as well as the first pure-play space propulsion company on a European stock exchange, with satellite propulsion systems as its core business,” he adds.
Following the IPO, Liftero will expand its production capabilities to deliver 30 BOOSTER systems per year, corresponding to about 80 thrusters. To support commercialization efforts, the company’s team will further grow across engineering, sales, marketing, and operations.
The market pull is real. Our sales pipeline is growing, and requests keep coming in. We’re focused on scaling production of qualified BOOSTER systems while expanding our portfolio of components and configuration options, including larger thrusters and application-specific features. We are making sure we have everything we need to quickly build what operators need,” says Przemysław Drożdż, COO of Liftero.
Przemysław Drożdż concludes: “2026 is bringing a very intensive growth for Liftero and the completion of important milestones in building our position in the global space market. We’re continuing to scale our operational and production activities, as well as planning a stock market debut on NewConnect. We want to use the coming quarters to further strengthen Liftero’s position as one of the space propulsion leaders of the European space sector.
The successful IPO opens a new chapter in Liftero’s history as it transitions to become a publicly traded in-space transport specialist with strong ambitions. The company will file the listing application with the WSE in the coming weeks.
