Danish Space Tech Firm GomSpace Lands $1.25 Million Deal with Top European Companies

GomSpace, a prominent manufacturer and operator of nanosatellites, has been selected by two leading European space companies to supply power systems, securing product orders worth 14 million SEK (approximately USD 1.25 million). These contracts, awarded just before the close of 2024, underscore the increasing demand for GomSpace’s reliable and flight-proven power solutions in the rapidly evolving space industry.

Background on GomSpace

Founded in Denmark, GomSpace specializes in the development and commercialization of nanosatellites for a diverse clientele, including academic institutions, government agencies, and commercial enterprises. The company’s expertise encompasses systems integration, nanosatellite platforms, constellation operations management, and miniaturized radio technology. Serving customers in over 50 countries, GomSpace has established itself as a global leader in the small satellite market.

Details of the Orders

The recent contracts, totaling 14 million SEK, involve GomSpace providing advanced power systems to two undisclosed European space companies. These power systems are integral to the operation of spacecraft, ensuring the reliable distribution and management of electrical power essential for mission success. The orders were finalized just before the end of 2024, marking a strong finish to the year for GomSpace and positioning the company favorably for continued growth in 2025.

Key Features of GomSpace’s Power Systems

GomSpace offers a range of advanced power solutions tailored to meet the diverse needs of modern satellite missions. Their Power System Suite is designed to simplify spacecraft power design by providing fully integrated, flight-proven solutions that reduce complexity, accelerate development, and minimize risk.

One notable product is the NanoPower P80, a power supply module for large nanosatellites or small microsatellites. It is capable of handling solar arrays with up to 300W output power and includes features such as multiple input and output channels, a battery protection system, and modular components like the Power Management Unit, Array Conditioning Unit, and Power Distribution Unit.

For platforms larger than 3U, GomSpace recommends the NanoPower P60 System, an advanced high-power Electrical Power System (EPS) for small satellites. This modular system includes components like the Array Conditioning Unit and Power Distribution Unit, supporting up to 12 photovoltaic inputs and multiple configurable output voltages, respectively.

Additionally, GomSpace provides the NanoPower BPX, a lithium-ion battery pack designed for space applications. It utilizes 18650 Li-Ion cells with a nominal capacity of 3000 mAh, offering an 86 Wh capacity to ensure reliable energy storage for satellite operations.

These power systems are integral to the operation of spacecraft, ensuring the reliable distribution and management of electrical power essential for mission success.

Quotes and Statements

Henrik Kalstrup, Vice President of the Products Business Unit at GomSpace, emphasized the importance of reliable power in space missions, stating that their solutions allow customers to concentrate on mission objectives without the complexities of power system integration.

While specific statements from the European space companies involved have not been publicly disclosed, the selection of GomSpace as their power systems provider underscores the industry’s confidence in GomSpace’s technology and expertise.

Market Impact and Significance

Securing these contracts not only strengthens GomSpace’s position in the global space market but also reflects the company’s commitment to delivering high-reliability power solutions. The growing demand for such systems is evident, with GomSpace experiencing notable growth in product order intake throughout 2024.

This achievement positions GomSpace favorably for 2025, aligning with broader industry trends that indicate an increasing need for high-performance power systems to support the expanding range of satellite missions and applications.

Future Outlook

GomSpace is poised for significant growth in the coming years, with a strong outlook for 2025. The company anticipates a year-on-year revenue increase of more than 30%, projecting revenues between SEK 320 to 380 million for 2025, compared to the 2024 forecast of at least SEK 245 million. Additionally, GomSpace expects a substantial improvement in EBITDA and positive free cash flow for the full year 2025. This optimistic forecast reflects the company’s strategic focus on delivering high-reliability solutions and expanding its market presence.

In line with its growth strategy, GomSpace has secured several key contracts extending into 2025. Notably, the company has been selected by Unseenlabs to deliver four additional cube satellites, with a contract value of 3.5 million EUR (40 million SEK) and delivery scheduled for Q2/Q3 2025.

Furthermore, GomSpace North America has been chosen by Proteus Space for an AI design mission, scheduled for launch in October 2025. This mission will carry four payloads from government research partners and the UC Davis Center for Spaceflight Research, underscoring GomSpace’s expanding footprint in the North American market.

These developments indicate GomSpace’s commitment to innovation and its readiness to meet the evolving demands of the space industry.

Conclusion

GomSpace’s recent achievements, including securing significant contracts and projecting robust financial growth, underscore its pivotal role in the rapidly expanding nanosatellite and microsatellite market. The company’s focus on delivering reliable, high-performance power systems and its strategic partnerships position it favorably to capitalize on emerging opportunities in the space sector.

As the global nanosatellite and microsatellite market is expected to grow at a compound annual growth rate of 22.8% from 2025 to 2030, reaching USD 13,951.5 million by 2030, GomSpace’s strategic initiatives align well with industry trends.

With a strong order book and a commitment to innovation, GomSpace is well-positioned to continue its trajectory of growth, contributing significantly to advancements in space technology and exploration.