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Open Cosmos›
Analysis
Open Cosmos

Open Cosmos

UK satellite manufacturer and operator running missions, shared EO and sovereignty connectivity constellations and a data platform.

Operating headquarters
Didcot, Oxfordshire, GB🇬🇧
Founded
2015
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Overview
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Profitability
Profitable

Contents

  1. 01Executive Summary
  2. 02Products & Services
  3. 03Market Outlook
  4. 04Competitive Strengths
  5. 05Pricing Strategy
  6. 06Customer Acquisition
  1. 01Executive Summary
  2. 02Products & Services
  3. 03Market Outlook
  4. 04Competitive Strengths
  5. 05Pricing Strategy
  6. 06Customer Acquisition

Memo

Open Cosmos is a vertically integrated space company: it manufactures satellites at four European factories targeting a one-satellite-a-day cadence, operates shared and sovereign constellations, and sells the data, connectivity and intelligence those systems return through the DataCosmos platform.

Its investment case rests on more than $370 million of signed customer contracts across three and a half years, five consecutive years of profitable growth, a €300 million Series C led by Lightrock that values it above $1 billion, and government demand for sovereign space capability from the UK and European programmes; execution risk concentrates in constellation deployment schedules and launch-slot availability.

Source: open-cosmos.com

Product Overview

Open Cosmos designs, builds, launches and operates satellites, then connects, processes and delivers the data they return. Its OpenOrbit mission-management service takes customers from mission design through manufacturing, testing, insurance and compliance, launch procurement across eight global launch sites and in-orbit operations, with missions starting at around 500 thousand pounds.

Around that service it runs three product lines: OpenConstellation, a shared Earth observation constellation whose fifteen-satellite 1.0 generation began launching in Q2 2026; DataCosmos, a cloud platform giving enterprise, government and defence customers secure API and catalogue access to OpenConstellation imagery and AI workflows; and ConnectedCosmos, a 192-satellite low Earth orbit connectivity network pairing broadband with direct-to-device IoT for sovereign communications.

Source: open-cosmos.com

Market Outlook

Space systems are becoming core infrastructure for European governments, which are investing in sovereign communications and Earth observation to reduce reliance on non-European providers; global venture investment in space reached $11.3 billion in the first half of 2026, up from $10.1 billion across all of 2025.

Open Cosmos enters that shift with more than $370 million in signed customer contracts over three and a half years, a UK government position on the TacSys sovereign communications framework worth up to £8 billion to 2034, and a €300 million Series C to expand manufacturing and constellation deployment; the risk to its outlook is a crowded field of subsidised national champions and launch-supply constraints common across the industry.

Source: open-cosmos.com

Competitive Advantages

Open Cosmos combines satellite manufacturing with the services that make satellites useful, so a customer can buy a single mission, join a shared constellation or consume data and connectivity without building any of it. In-house manufacturing across four European factories, a build cadence targeting one satellite a day and a 100% in-orbit mission success record with up to 99.7% uptime shorten lead times and de-risk missions for buyers.

The acquisition of Connected added a hosted-payload IoT platform that now anchors the ConnectedCosmos sovereign connectivity line, letting the company pair Earth observation with secure communications in one stack while rivals typically offer pieces of it. A decade of mission experience across more than 13 launched satellites and government programmes in the UK, Spain, Portugal, Greece and Liechtenstein further differentiates it from newer entrants.

Source: open-cosmos.com

Pricing Strategy

Open Cosmos prices satellite missions project-by-project, advertising a starting price of around £500,000 for a complete OpenOrbit mission that covers design, build, launch and operations; buyers request a ROM estimate through a first-party contact form.

Data-side products are priced on consumption: DataCosmos sells OpenConstellation imagery through catalogue purchases and API-driven workflows via a self-serve online store, while OpenConstellation membership trades contributed shares for free member data and priority tasking; ConnectedCosmos sovereign connectivity is a bespoke enterprise and government agreement rather than a published tariff.

Source: open-cosmos.com

Customer Acquisition

Open Cosmos sells directly to governments, space agencies and large energy and infrastructure companies, with the TacSys framework position putting LEO connectivity to the UK Ministry of Defence on contract vehicles worth up to £8 billion and ESA and Balearic programmes won at agency and regional-government level.

Reach grows through earned channels: trade press around funding and launch milestones, founder and executive panels at events such as World Space Business Week and the UK Space Power Conference, the in-house Open Cosmos Conversations series and webinars, and first-party social channels on LinkedIn, X, Instagram and Facebook.

Source: open-cosmos.com