Open Cosmos Secures €300 Million in Funding for Satellite Infrastructure Expansion
Open Cosmos has raised €300 million to expand its satellite manufacturing operations and grow its intelligence and connectivity services across Europe. The funding round was led by Lightrock, with participation from several other investors including ETF Partners, Institut Català de Finances, and two major international pension funds. The company plans to use the capital for mass satellite production, scaling up its OpenConstellation shared network, ConnectedCosmos broadband and IoT service, and DataCosmos intelligence platform. Open Cosmos currently produces one satellite per day across four European factories and has secured over $370 million in customer contracts since 2023. The investment is part of a growing trend of venture capital interest in the space sector, with global VC funding reaching $11.3 billion in H1 2026 alone. However, European firms still lag behind U.S. counterparts for private space investment.
