WARSAW, Poland — Polish space technology company Creotech Instruments has announced plans for a $118 million fundraise that will allow the company to open a new satellite production facility in Poland by 2029 as part of a new long term development strategy. Creotech Instruments hopes to quadruple its manufacturing capacities to around 40 satellites annually by then.

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Jarosław Adamowski is a Warsaw, Poland-based correspondent for SpaceNews. He has written for Defense News, the Guardian, the Independent, the Jerusalem Post, and the Prague Post.