Ole Lehmann Profile picture
May 2 14 tweets 5 min read Read on X
A German space startup just made history, and nobody's talking about it.

ATMOS Phoenix became the first private European company to enter space and return through Earth's atmosphere.

This changes everything for Europe's space industry.

Here's why this is a big deal 🧵: Image
On April 21, ATMOS's Phoenix 1 capsule:

1. Launched on SpaceX's Falcon 9
2. Orbited Earth
3. Then successfully re-entered our atmosphere.

This has never been done by a private European company before.

And founded in 2021, ATMOS isn't your typical space company... Image
Their mission? Create affordable, reliable space logistics for returning cargo from orbit.

Think of them as the "DHL of space" for the return journey.

What makes Phoenix truly innovative isn't just the mission - it's their extremely clever technology.
While traditional heat shields are bulky, heavy, and expensive...

ATMOS created a shield that inflates just before re-entry, achieving a 1:2 downmass ratio.

Translation: It can return half its mass as payload - 10x better than current standards.

But the most impressive part? Image
They built and launched this spaceship in under 12 months.

While ESA and traditional aerospace companies take 5-10 years to develop new systems...

ATMOS went from concept to space in under a year.

This is the European startup speed I've been waiting to see. Image
As a European tech observer, I've seen wayyy too many startups flee to America.

But ATMOS proves we can innovate and execute at Silicon Valley speed right here in Europe.

The implications for Europe's space economy are significant:
• Enabling new microgravity research opportunities
• Supporting in-orbit manufacturing
• Creating space logistics jobs
• Developing sovereign return capacity (important for defense)

While the mission wasn't perfect (they lost communication during final reentry)...
They achieved their core objectives:

• Successfully deployed heat shield
• Gathered critical flight data
• Validated core technology
• Carried and returned scientific payloads

Space is hard. Even partial success is remarkable.

And the economic opportunity is substantial: Image
The global space economy is projected to reach $1.8 trillion by 2035.

Cargo return services are a critical bottleneck in this growth.

By solving this problem, ATMOS has the potential to accrue significant value.

Why this matters beyond technology: Image
Europe has been falling behind in the space race.

• US has SpaceX, Blue Origin, Rocket Lab
• China has its aggressive state space program
• Even India is launching lunar missions

Meanwhile, Europe's been stuck in bureaucratic processes.

ATMOS represents something fresh: Image
European space entrepreneurship with execution velocity.

The Phoenix 2 capsule (planned for 2026) will be even more ambitious:

• Autonomous trajectory control
• Extended mission duration (up to 3 months)
• Larger payload capacity
• Precise splashdown recovery

But here's the part nobody's talking about:
ATMOS is giving Europe its space independence.

Despite this achievement, ATMOS has received a fraction of the attention of flashier space startups.

Why?

Because Europe still doesn't celebrate its innovators properly.

We need to change this narrative. Image
The truth is that Europe's been losing tech talent for decades.

But stories like ATMOS show we can compete at the highest level - if we create the right ecosystem and celebrate our winners.

And they're building right here in Europe. 🇪🇺 🇩🇪 Image
Want to stay on top of the European tech scene? 🇪🇺

Every week, I share:

• The most exciting startups in Europe
• Trends shaping our continental ecosystem
• Real stories from founders about what it's like building here

Join here: built-in-europe.beehiiv.com/subscribe

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More from @itsolelehmann

May 15
In 2015, British bankers laughed in his face:

"Zero fees? You'll be bankrupt in months."

Today, Revolut processes £1 TRILLION in transactions and makes £1 BILLION in profit.

How Nikolay Storonsky built Europe's most valuable fintech by breaking every rule in banking 🧵: Image
2015: Russian-born Nikolay Storonsky was frustrated by crazy fees when exchanging currencies during business trips.

His solution? Build it himself.

While traditional banks were charging 5% hidden fees on foreign exchanges, Revolut offered a shocking alternative: Image
Zero fees. Real exchange rates. No bullshit.

The banking establishment laughed.

"You can't make money that way," they said.

But Nikolay Storonsky wasn't building another bank.

Because Revolut was solving real pain points that banks had ignored for decades:
Read 14 tweets
May 14
The British Royal Navy's new secret weapon:

AI-powered drones that hunt Russian submarines without being detected.

Built by Germany's Helsing, these silent trackers finally illuminate what's hiding in the ocean's depths.

Here's why underwater warfare will never be the same 🧵: Image
Founded in 2021 by 3 founders in Munich, Helsing has become Europe's most valuable defense-tech in just 3 years.

Their mission?

Transform warfare with AI that turns chaos into crystal-clear battlefield awareness.

But their latest breakthrough isn't in the air or on land... Image
It's happening deep beneath the waves.

You see, for decades, tracking Russian submarines has been nearly impossible:

• They're incredibly quiet
• Sound distorts underwater
• Human sonar operators need 5+ years of training
• Covering vast oceans required massive resources Image
Read 16 tweets
May 9
Last night, I went to a techno-optimist meetup at a hacker house in Berlin.

Europe's tech scene is coming ALIVE again.

15 observations I wrote from the evening 🧵: Image
Image
Something fundamentally shifted in the last 5-6 months

This was very obvious to everyone: the "vibe shift" is felt throughout the ecosystem.

US politics are uniting Europeans more than ever.

Like a shared sense of "it's our time to show we can do shit on our own again."
Ideas like EU Inc have a big mental impact

Even though nothing is enacted yet, concepts like the EU Inc are creating a unifying goal for the ecosystem.

I've been saying steps like this have enormous psychological impact.

Surprisingly, most people were familiar with EU Inc.
Read 18 tweets
May 8
Europe's tax collectors are harming our economic future.

But 1 fiscal policy change could reverse the damage.

It'd cost almost nothing long-term.
And it'd create massive economic returns.

Here's the radical tax policy every European nation should copy 🧵: Image
First, let's face the brutal reality:

• US startups raised $162.7B in 2024
• EU startups? Just $39.5B
• European founders flee to Silicon Valley daily
• Tech talent exodus accelerating

But it's not about culture or talent - it's about structural barriers. Image
When a EU startup launches, they face immediate taxation that drains critical resources during their most vulnerable phase.

Think what startups need most:

• Cash to develop products
• Resources to hire talent
• Runway to iterate and improve
• Capital to scale operations
Read 17 tweets
May 6
If you're a scientist in America right now, Europe just made you an offer you can't refuse:

€500M.
7-year guaranteed funding.
Unprecedented academic freedom.

Right as Trump slashes US research funding.

The shocking EU strategy that aims to poach America's brightest 🧵: Image
Yesterday at Sorbonne University in Paris, Emmanuel Macron & Ursula von der Leyen announced:

• €500M specifically targeting American scientists
• Higher grants + longer contracts for researchers
• Fast-tracked immigration for top talent

The message was crystal clear:
"We call on researchers worldwide to unite and join us … If you love freedom, come and help us stay free."

This isn't just another boring EU initiative.

It's a calculated strike at America's scientific dominance at the PERFECT moment.

But why now?
Read 10 tweets
May 3
While the US produces unicorns weekly, Europe's founders drown in paperwork across 27 different countries.

But 15,000+ tech leaders just forced the EU to finally address its biggest innovation killer.

Why "EU Inc" could make Europe the world's most powerful startup ecosystem: Image
First, let's face the brutal truth:

Europe has world-class talent. Elite universities. Brilliant founders.

Yet we're still miles behind America in creating global tech giants.

Why?

Because starting and scaling a company across Europe is a regulatory NIGHTMARE: Image
• 27 different legal systems
• 27 different tax codes
• 27 different compliance frameworks
• Endless bureaucracy at every border

This fragmentation is killing our startups.

While an American founder can instantly scale nationwide...
Read 19 tweets

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