Open Cosmos Raises 300 Million Euros as Europe Tries to Cut SpaceX Dependence
Updated
Updated · The New York Times · Sep 14
Open Cosmos Raises 300 Million Euros as Europe Tries to Cut SpaceX Dependence
2 articles · Updated · The New York Times · Sep 14
Summary
Open Cosmos said it raised 300 million euros from mostly European backers to expand satellite manufacturing and speed its push into satellite data services.
Lightrock and ETF Partners led the round, with Spain's Institut Català de Finances, Entrepreneurs First and two international pension funds also participating.
The deal follows the Exploration Company's $450 million raise, another major European space funding round as the region tries to catch up with the United States and rely less on SpaceX.
PitchBook data shows investors have put more than $16.5 billion into space-tech start-ups globally this year, putting 2026 on pace to nearly double last year's total, with European funding growing even faster.