Satellite startup Open Cosmos raises €300m amid space frenzy

European satellite firm Open Cosmos has raised €300 million in funding to bolster its satellite manufacturing capacity and boost the rollout of its connectivity and Earth observation services. Led by European investors, the round attracted participation from ETF Partners, Lightrock, British Columbia Investment Management Corporation, Institut Català de Finances, Entrepreneurs First, Convex, the National Security Strategic Investment Fund, Phoenix Court, LocalGlobe, Latitude, and Claret Capital Partners.

Open Cosmos specializes in satellite infrastructure and services for governments, space agencies, and businesses. Its operations encompass satellite design and manufacturing, shared satellite constellations, connectivity, and the conversion of satellite data into operational intelligence. The company is structured into four key areas: OpenOrbit, OpenConstellation, ConnectedCosmos, and DataCosmos.

With current operations in four European factories capable of producing one satellite per day, Open Cosmos is poised for growth. The company's technology portfolio supports secure communications, operational data processing, and AI-powered services. Rafel Jorda Siquier, Open Cosmos' founder and CEO, emphasized the growing importance of space infrastructure for governments and businesses seeking dependable connectivity and data through resilient systems.

The new funding will enable Open Cosmos to expand its ConnectedCosmos efforts, enhance its OpenConstellation and DataCosmos capabilities, and increase satellite manufacturing capacity. The investment will also be used to expand its engineering, manufacturing, and software teams across its European operations in the UK, Spain, Portugal, and Greece, where it currently employs nearly 400 people.