Research and Application News
Smaller, cheaper: How these tiny satellites are spinning off new space data movement
21 January 2019
Finnish Earth-observation company ICEYE ended 2018 on something of an astronomical high.
On 1 December, it successfully launched into orbit its second SAR microsatellite, weighing less than 100kg. On 14 December, it received a €10m ($11.14m) capital loan from Business Finland to manufacture more satellites in 2019.
The company, founded in 2014 as a result of a student project at Aalto Business School, is a thriving example of the increasing significance of non-state actors in space developments over the past seven years.
Image credit: ICEYE - ICEYE's first SAR-satellite, and Finland's first-ever commercial one, was launched in 2018 by the Indian Space Research Organization.