TAMPA, Fla. — Open Cosmos has raised 300 million euros ($348 million) to expand production facilities and upgrade its space-based intelligence and connectivity services, the British small satellite specialist announced Sept. 14.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...