# Open Cosmos satellite company expansion

> Live situation record from CLSTR: https://clstr.news/situations/open-cosmos-satellite-company-expansion
> Updated: 2026-09-14T13:00:10.000Z. Sources: 14. Developments: 2.

The UK-based satellite company Open Cosmos has expanded its operational scope and financial resources. Initially, the company secured a role in supporting a national defence communications push, transitioning from Earth observation into the direct-to-device communications sector. CEO Rafel Jordà Siquier described the contract as a “stamp of approval” for the company’s strategy.

Subsequently, Open Cosmos secured €300 million in a Series C funding round led by Lightrock and ETF Partners. This investment, which included participation from the British National Security Strategic Investment Fund, the Institut Català de Finances (ICF), and Entrepreneurs First, has propelled the company to a “unicorn valuation” of over $1 billion. 

The capital is intended to scale mass-manufacturing capabilities and accelerate the deployment of proprietary space infrastructure. Key projects include ConnectedCosmos, a sovereign Ka-band broadband constellation in Low Earth Orbit; OpenConstellation for Earth observation data; and DataCosmos. Utilizing four factories across the United Kingdom, Spain, Portugal, and Greece, the company currently maintains the capacity to manufacture one satellite per day. The funding will further support expansion in engineering, manufacturing, and software development, particularly within its Barcelona and Greek operations.

## Timeline

### 2026-09-14: Open Cosmos secures €300 million to expand satellite manufacturing

Satellite manufacturer Open Cosmos has raised €300 million in Series C funding, reaching a $1 billion valuation to expand its mass-manufacturing capabilities and space-based connectivity services across Europe.

12 sources. https://clstr.news/cluster/open-cosmos-secures-300-million-to-expand-satellite-production

### 2026-09-02: Space companies secure defence and Earth observation contracts

Open Cosmos secures a UK defence communications role, while Axelspace partners with Airbus Defence and Space to expand Earth observation services via microsatellite imagery.

2 sources. https://clstr.news/cluster/space-companies-secure-defence-and-earth-observation-contracts

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Cite as: Open Cosmos satellite company expansion. CLSTR, https://clstr.news/situations/open-cosmos-satellite-company-expansion