None of the selected companies are guaranteed ESA contracts or funding, as negotiations with European governments will determine the financial support leading up to the ESA's ministerial council meeting.
Open Cosmos aims to strengthen Europe’s technological autonomy and enhance connectivity capabilities through the acquisition of Connected, a Portuguese startup specializing in IoT connectivity from space.
Europe's growing emphasis on self-reliance marks a pivotal shift in geopolitical relations, emphasizing the importance of increased investment in both defense and space technology.