Under French corporate law, when shareholders’ equity falls below half of the company’s share capital, the shareholder, in this case ArianeGroup, is required to decide whether the company should be dissolved or allowed to continue operating. At a meeting on 25 June 2026, ArianeGroup officially rejected the option of dissolving MaiaSpace, allowing the company to continue preparations for the inaugural flight of Maia.
Well I'm glad they decided not to dissolve the company. Seems a tad premature to expect it to be profitable at this point.
