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There is a European space unicorn with a factory in Coimbra
Technology
Space
Coimbra

There is a European space unicorn with a factory in Coimbra

ZAP Notícias15 September 2026 at 12:30

The British satellite manufacturer Open Cosmos closed a funding round of 300 million euros this Monday, becoming the latest European space unicorn. The company's valuation was not officially disclosed, but according to the New York Times, the company was valued at around 2 billion euros.

One of Open Cosmos's four production units is in Coimbra, Portugal, where a small Portuguese satellite industry is beginning to emerge. The operation had mostly European investors, reinforcing the company's European profile.

Portugal is building satellites practically without most people having noticed, the article states. Open Cosmos is now the latest company in the space sector to achieve unicorn status in Europe, a title reserved for startups valued at more than one billion dollars.

Why this matters

Readers in Portugal learn that there is a satellite factory operating in the country, in the city of Coimbra, which may represent employment opportunities and national technological development. The 300 million euro investment in Open Cosmos signals the growth of the European space sector and the possibility of Portugal positioning itself in this industry.

About this summary

This is our short summary of a report published by ZAP Notícias on 15 September 2026 at 12:30; the full text stays with the publisher. In our feed it sits under Technology, and it concerns Coimbra. We currently carry 4557 items in that section.

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