Liftero, a Polish manufacturer of propulsion technologies for space missions, is launching a public share offering under a memorandum procedure. The company plans to raise around PLN 15.5 million gross, among other things to scale up production capacity and strengthen sales and marketing activities as it begins broad commercialisation of its propulsion system.
Liftero is developing its proprietary BOOSTER system based on non-toxic propellants. The solution combines high performance with the ability to be easily adapted to different types of space missions, from constellation projects and in-orbit servicing to lunar missions and return capsules. The company’s product was launched into space in 2025, where its engine has since been fired several dozen times, successfully changing the orbit of a demonstration satellite and confirming the achievement of flight heritage, a key milestone in the space industry. Liftero plans to debut on the NewConnect market in the second quarter of 2026.
As part of the public offering, the company is offering no more than 500,000 new series C ordinary bearer shares. The issue price will be set between 4 and 7 May based on the results of the bookbuilding process. Subscriptions for the offered shares will be accepted until 13 May.
The company is being supported in the process by cc group as financial adviser and NewConnect authorised adviser, CK Legal as legal adviser, and Trigon Dom Maklerski S.A. as the main offering manager and bookrunner.
“We are launching the public share offering and confirming our plans to debut on NewConnect, opening the next stage in Liftero’s development. In recent years, we have worked intensively on the technology, building a globally unique non-toxic chemical propulsion system, which we have already tested in space conditions, achieving the flight heritage that is so important in the industry. Importantly, from the very beginning we designed it with future production in mind, at a scale that will allow us to serve constellation customers by delivering dozens of our BOOSTER systems annually. To achieve such capacity, we intend to raise funds from investors who, in return, will gain exposure to another unique company from the rapidly growing space sector and will be able to participate in Liftero’s further growth,” says Tomasz Palacz, CEO of Liftero.
Liftero is building its business model around its proprietary BOOSTER propulsion system. It is a solution using chemical, non-toxic propellants, designed for satellites in the 30–500 kg class. The system can be configured, among other things, in terms of total impulse and the number of engines, which can range from one to fourteen depending on the mission profile.
The first BOOSTER system was launched into orbit in March 2025 as part of the RED5 mission. It continues to operate in orbit according to plan, confirming its performance in space conditions and building the flight heritage that is crucial for the company in the space market.
The company’s mission is to develop propulsion technologies that combine high operating parameters with the ability to be quickly implemented and scaled in production. Liftero is building its competitive advantage through the system’s modular architecture, the development of key competences in-house and the ability to respond efficiently to customer requirements. This allows the company to shorten contract delivery times and effectively meet growing global demand for propulsion systems for space missions.
“We are seeing growing interest in chemical propulsion systems based on non-toxic propellants, including our BOOSTER system. In March, we announced a contract with a customer from India to deliver two such systems equipped with more than 10 engines. Our pipeline of offers already submitted or being prepared in response to enquiries from potential customers currently amounts to around EUR 115 million, having more than tripled over the past six months. Thanks to innovations in our product, component standardisation and process improvements, we are able to deliver systems to customers within around six to nine months, while the market standard is around 12 to 36 months. This gives us a significant market advantage and demonstrates our growing readiness to handle an increasing volume of contracts,” says Przemysław Drożdż, COO of Liftero.
In March 2026, Liftero announced that it had signed a contract with Indian company OrbitAID to deliver two BOOSTER systems equipped with a total of more than 10 engines. It was the largest order in the company’s history, and its execution is expected to generate higher revenue for Liftero than in the whole of 2025, without exhausting its production capacity.
The propulsion systems will be used in the in-orbit servicing segment, which includes proximity operations, docking and refuelling in orbit. This strengthens Liftero’s presence in one of the most promising areas of the space market.
According to Liftero’s estimates based on the “Satellites to be Built and Launched” report by Novaspace, the addressable number of satellites for the company’s propulsion systems will increase fivefold between 2026 and 2030, reaching 17,500 units. This includes constellations, in-orbit servicing, the defence sector and other niches.
The growth is driven by the expected exponential increase in the number of satellite launches planned for the coming years, with estimates pointing to as many as 70,000 new units during this period, according to Goldman Sachs Research 2025.
The memorandum is available at ipo.liftero.com.
Offering Schedule
| Date in 2026 | Event |
|---|---|
| 4 May | Publication of the memorandum and launch of the offering |
| 4–7 May | Roadshow |
| 5–7 May, until 3:00 p.m. on 7 May | Bookbuilding among entities in the invitation tranche |
| 7 May | Determination and publication of the issue price of the offered shares and the final number of offered shares in individual tranches |
| 8–14 May | Acceptance of subscriptions for offered shares in the invitation tranche |
| 8–13 May, until 11:59 p.m. on 13 May | Acceptance of subscriptions for offered shares in the open tranche |
| 15 May | Acceptance of subscriptions from substitute investors |
| By 19 May | Allotment of offered shares |
| Around 4–6 weeks after allotment | Registration of the company’s share capital increase with the National Court Register in connection with the issue of the offered shares |
| Around 2–3 weeks after registration of the share capital increase with the National Court Register | Expected date of admission to trading and start of trading of the offered shares in the alternative trading system on the NewConnect market of the Warsaw Stock Exchange |
