Open Cosmos, which builds and operates satellites for governments, space agencies and businesses, has raised €300 million to expand manufacturing and its communications and Earth observation services. The European company combines spacecraft with shared infrastructure and data-processing software, aiming to shorten the path between observing something from orbit and getting useful information to people on Earth.
Its offering begins with the work required to run a satellite mission: assembly, testing, launch arrangements, licensing and operations in orbit. Customers can also share satellite infrastructure through OpenConstellation. Alongside that hardware, its cloud platform lets users find satellite images, download and process them, and run algorithms to extract information. That gives organizations a route from commissioning space infrastructure to using its data in everyday decisions.
The company illustrates its intended system with a potential wildfire. A satellite could detect a forest temperature anomaly, classify it onboard as a possible fire and send an alert through ConnectedCosmos to responders without terrestrial internet. Further satellite observations and ground sensors could help check the initial detection. Open Cosmos says its next-generation constellation aims to reduce intelligence delivery from as much as 48 hours to as little as 30 minutes; that remains a stated objective.
Open Cosmos says its customers include European governments, space agencies and large energy and infrastructure companies. It reports more than $370 million in contracts signed over three and a half years and five consecutive years of profitable growth. Those signed contracts measure commercial commitments, rather than revenue already recognized. Across four European factories, the company says it can manufacture one satellite a day—a capacity figure, rather than a claim about current daily output.
The September 14 announcement identifies Lightrock as a leader of the round, alongside participants including ETF Partners, Institut Català de Finances, Entrepreneurs First and two international pension funds. The €300 million equals approximately $346.5 million at the European Central Bank's September 14 reference rate. Open Cosmos plans to expand manufacturing, its constellation and data services, and its engineering and software teams.
The expansion puts a practical delivery question at the center of the business: can Open Cosmos make observation, onboard analysis and communications work together reliably enough for time-sensitive operations? For emergency responders and infrastructure operators, the useful result is information arriving while there is still time to act. More factory capacity supports that ambition, but the complete service must carry it through.