Liftero S.A., a Polish manufacturer of propulsion technologies for space missions, debuted today on the NewConnect market. Its shares opened at PLN 50.00, representing a 42.9% increase from the reference price of PLN 35.00 per share set in the company’s public offering completed in May.
Liftero is currently the only Polish representative of the space sector listed on NewConnect and the only publicly listed pure-play space propulsion company in Europe.
- Liftero is the 336th company listed on NewConnect and the sixth debut on the market in 2026.
- In May, Liftero successfully completed a public offering of Series C shares, raising PLN 17.5 million gross to scale its operations.
- Last week, TFI PZU announced that it had exceeded the 5% threshold in Liftero’s share capital, strengthening the company’s shareholder base.
- During the IPO and listing process, Liftero was supported by cc group as Financial Adviser and NewConnect Authorised Adviser, CK Legal as Legal Adviser, and Trigon Dom Maklerski S.A. as Global Coordinator and Bookrunner.
“We are pleased that Liftero is joining the group of companies listed on NewConnect today. On the one hand, we are opening a new chapter in the company’s development; on the other, we are concluding a very intensive period related to the public offering and preparations for the debut,” said Tomasz Palacz, CEO of Liftero.
“I would like to thank all the advisers involved in this process, as well as the entire Liftero team, who have made it possible for us to enter the stock market with technology already proven in space, growing customer interest and a clearly defined plan for further scaling. We want our presence on the capital market to support Liftero’s recognition and strengthen our position in the global space propulsion market, where we are currently Europe’s first pure-play space propulsion company.”
Liftero S.A. is a Polish space technology company that designs and manufactures satellite propulsion systems. It is the only Polish company developing space propulsion technologies with products already operating in orbit.
The company’s flagship product, the BOOSTER chemical propulsion system, uses non-toxic propellants and has flight heritage, meaning its performance has been validated in space through the RED5 mission launched in 2025. The system is available in versions tailored to a range of mission requirements and can be configured using standardised components, addressing the needs of the New Space sector.
Liftero’s development is linked to the growing importance of orbital mobility—the ability of satellites to manoeuvre after reaching orbit. Propulsion systems are now essential for constellation deployment, orbital changes, collision avoidance, extending satellite operating life and controlled deorbiting at the end of a mission.
As the number of satellites in orbit grows, so does demand for solutions that combine high efficiency, flexible configuration and the ability to adapt quickly to specific mission profiles.
“The satellite market is increasingly moving towards missions that require active manoeuvring in orbit. For satellite operators, propulsion is no longer an add-on; it is becoming one of the key elements affecting the safety and efficiency of an entire mission,” said Przemysław Drożdż, COO of Liftero.
“At Liftero, we are developing BOOSTER as a modular propulsion system that can be adapted to different mission profiles and deployed in customer projects without the need to build a solution from scratch for every satellite. This approach allows us to address increasingly diverse market needs while preparing the organisation for a larger scale of operations, supported by the PLN 17.5 million gross raised in our IPO in May.”
In May, Liftero successfully completed its public offering of Series C shares, issuing 500,000 new shares at an issue price of PLN 35.00 per share and raising a total of PLN 17.5 million gross.
The offering attracted very strong investor interest. Demand significantly exceeded the number of shares available, while subscriptions in the Open Tranche were reduced by 95%, meaning demand in that tranche was approximately 20 times higher than the number of shares offered.
Institutional investor interest was also confirmed by TFI PZU joining the shareholder base and exceeding the 5% threshold in Liftero’s share capital.
The company intends to use the funds raised primarily to scale its manufacturing capacity, develop its technology and testing infrastructure, strengthen sales activities and accelerate the broader commercialisation of its proprietary BOOSTER propulsion system.
Interest in the BOOSTER system is reflected in Liftero’s growing sales pipeline, currently valued at approximately EUR 105 million. It includes enquiries and ongoing discussions with potential international customers seeking satellite propulsion systems that can be tailored to specific mission parameters.
The company expects that the increasing number of satellites being launched into orbit, combined with the growing importance of orbital mobility, will continue to support demand for such solutions, driving sales growth and the gradual expansion of Liftero’s operations.
