GomSpace signed a contract with Unseenlabs earlier this month to deliver four additional cube satellites (CubeSats). The contract value is 3.5 million euros and delivery of the satellites will occur in Q2/Q3 2025.
These satellites will be similar to the eight CubeSats ordered in 2022 and 2024. Of those, five have already been launched, and the remaining three will be delivered by the end of 2024.
This contract solidifies the market guidance of positive free cashflow in the second half of 2024.
To clarify, this satellite order is not related to the Micro Satellite development contract announced on May 13, 2024. The number of Micro Satellites to be delivered is yet to be agreed between the partners, pending the first phases of design.
“It’s always an extraordinary feeling when a partner returns for more of what they previously ordered. It’s even better when they come back twice! This is a testament to the dedicated and consistent work from all GomSpace teams and the strength of a balanced partnership, which fosters deep strategic relationships. Expanding the constellation will help Unseenlabs strengthen its business, and we will always be by their side to help them achieve their ambitions,” said Carsten Drachmann, CEO of GomSpace.
“With the experience and level of understanding of both Unseenlabs and GomSpace teams, we can go faster and constantly improve the way we serve our customers. With GomSpace’s ability to understand us and “live” Unseenlabs challenges as theirs, Unseenlabs teams can focus on what makes the difference: our own customers and service value creation,” said Jonathan Galic, cofounder, Président and CTO of Unseenlabs.
