Smallsat manufacturer GomSpace, thanks to ESA, exits 2-year ordeal with 41% revenue increase

by Peter B. de Selding

PARIS — Merchant small satellite builder GomSpace A/S of Denmark and Sweden’s 2020 financial performance show a company that for the first time in more than two years is moving forward without carrying a ball and chain of one form or another.

Overbuilding to prepare for a major constellation (Sky and Space Global) business that went bankrupt, investing in a subsidiary (Aerial and Maritime) that went nowhere, staff cuts to right-size the business in the face of delayed commercial orders — all that is now in . . .

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