Open Cosmos raises €300m for manufacturing expansion
The UK space company combines spacecraft production with shared Earth-observation and connectivity platforms.
ETF Partners, Institut Català de Finances, Entrepreneurs First, Convex Group, NSSIF, Phoenix Court and Claret Capital Partners are named backers. Coverage also mentions two unnamed international pension funds.
Open Cosmos operates four manufacturing facilities across Europe with nearly 400 employees. The planned expansion targets production of up to one satellite per day.
The company will accelerate ConnectedCosmos, OpenConstellation and DataCosmos. More rapid observation delivery and onboard AI are development objectives, distinct from already deployed capabilities.
Use of funds
Expand satellite mass manufacturing and accelerate delivery of intelligence and connectivity services.