[REVISION HISTORY]
Open Cosmos satellite company expansion
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2026-09-15 04:40 UTC → 2026-10-10 09:53 UTC ·
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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 infrastructure, including ConnectedCosmos, a sovereign Ka-band broadband constellation in Low Earth Orbit; OpenConstellation for Earth observation data; OpenConstellation, and DataCosmos. Utilizing four factories across the United Kingdom, Spain, Portugal, and Greece, Building on this capital, the company currently maintains the capacity to manufacture one satellite per day. The funding will further support has announced an ambitious expansion in engineering, manufacturing, Greece. Following the successful launch of the Hyperion GR-1—the first of seven satellites under the National Micro-satellite Program—Open Cosmos plans to develop new 4,000 square meter production facilities and software development, particularly within office spaces. This expansion aims to grow its Barcelona and Greek operations. workforce from approximately 40 employees to more than 300 by 2030. The funding for these initiatives also saw participation from Greek investment schemes Sustainable Forward Capital (SFC) and Ireon Ventures, alongside international investors like Endeavor Catalyst Fund.
Versions
- 2026-10-10 09:53 UTC Open Cosmos satellite company expansion
- 2026-09-15 04:40 UTC Open Cosmos satellite company expansion
- 2026-09-14 13:58 UTC Open Cosmos satellite company expansion
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