Smallsat builder GomSpace downsizes toward positive cash flow with lull in commercial smallsat constellations

by Peter B. de Selding

PARIS — Cubesat builder GomSpace continues to suffer from the lull in orders for commercial smallsat constellations but said it has right-sized the business to reach positive cash flow in the new environment.

Sweden- and Denmark-based GomSpace, which removed smallsat IoT/voice constellation startup Sky and Space Global from its order backlog earlier this year, is now among the spectators watching to see if Sky and Space can secure from investors the necessary revenue to restart its GomSpace satellite work.

Traded on Australia’s . . .

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