Romanian Cosmonautics and Aeronautics Association (Romanian: Asociația Română pentru Cosmonautică și Aeronautică), also known as ARCAspace, is an aerospace company based in Râmnicu Vâlcea, Romania. It builds rockets, high-altitude balloons, and unmanned aerial vehicles. It was founded in 1999 as a non-governmental organization in Romania by the Romanian engineer and entrepreneur Dumitru Popescu and other rocket and aeronautics enthusiasts.