ME News reports that on September 14 (UTC+8), SpaceX continues to expand the commercial space market, also driving increased investor interest in European space startups. On Monday, European satellite manufacturer Open Cosmos announced the completion of a €300 million (approximately $346 million) funding round, one of several major financing deals in the European space sector recently. Prior to this, European reusable rocket startup The Exploration Company completed a $450 million funding round. According to PitchBook data, global space technology startups have raised over $16.5 billion in funding this year so far; at the current pace, annual totals could approach double last year’s figure. European space startups are experiencing even faster fundraising growth. Founded in 2014, Open Cosmos has now raised over $390 million in total funding and is valued at approximately $2 billion. Open Cosmos plans to use the new capital to expand its satellite manufacturing capacity and accelerate its deployment of satellite data services. Last year, the company secured approximately $175 million in contracts from governments and enterprises, primarily providing Earth observation data for disasters such as floods and wildfires. It aims to leverage AI for onboard data processing, reducing information delivery times from hours to minutes. As demand for satellite communications and space-based data processing grows, investors are increasingly viewing space as the next-generation infrastructure for high-speed connectivity and data. Open Cosmos is also expanding into orbital connectivity services, positioning itself in more direct competition with SpaceX. However, launch capacity shortages remain a key industry bottleneck, with satellite companies still heavily reliant on commercial launch providers like SpaceX and Blue Origin, as well as government space agencies. (Source: BlockBeats)
Open Cosmos Raises $346M in Funding Amid Surge in the European Space Sector
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Summary
On September 14, 2026, Open Cosmos announced it has secured €300 million ($346 million) in project funding, marking one of the largest European space sector deals this year. The company will use the funds to increase satellite production and expand AI-driven data services, including disaster monitoring. Open Cosmos has now raised over $390 million, with a valuation nearing $2 billion. Inflation data trends have not yet affected the company’s growth trajectory.
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