€131 billion is in. Now Europe has to build the supply chain that can absorb it.
For a decade, European space had one problem: not enough money. By the end of Day 1 of SmallSat Europe 2026, that problem was gone — and a sharper one had replaced it. Europe has the budget. The supply chain is the bottleneck. The next 18 months decide which side of the gap European defense space lands on.