Open Cosmos raises €300M to scale satellite manufacturing across four European factories
- Open Cosmos secured €300M in a funding round led by European investors including Lightrock, ETF Partners, and the UK's National Security Strategic Investment Fund to expand satellite manufacturing and connectivity services.
- More than $370mn in contracts signed over three and a half years fueled five consecutive years of profitable growth, positioning Open Cosmos for scaled operations. This round represents roughly six times the $50mn raised previously.
- Next-Generation OpenConstellation satellites cut Earth observation intelligence delivery from 48 hours to 30 minutes using onboard AI processing. The company reports capability to manufacture one satellite daily across four factories.
- Founder and CEO Rafel Jorda Siquier emphasized that value lies in intelligence and connectivity rather than hardware alone, as European governments increasingly treat satellites as critical infrastructure instead of science projects.
- Global venture investment in space reached $11.3bn in the first half of 2026, surpassing the $10.1bn recorded across all of 2025. Saul Klein, co-founder and executive chairman of Phoenix Court, said Europe can challenge the world when founders receive capital.
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The company, based in the UK and with facilities in Portugal, Spain and Greece, where it employs more than 400 people, said that the funds will be used to expand the mass production capacity of satellites and to accelerate three platforms: ConnectedCosmos, secure communications, OpenConstellation, a shared constellation of Earth observation, and DataCosmos, data processing.
Open Cosmos raises €300M to scale satellite manufacturing across four European factories
Open Cosmos has raised €300M led by Lightrock to expand satellite mass manufacturing across four European factories and grow its constellation, connectivity and data services.
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