ICEYE builds and operates a radar imaging satellite constellation and sells Earth-observation imagery and products, such as flood intelligence, to government and defense customers.
ICEYE is a Finnish operator of the world's largest SAR constellation (70 satellites launched since 2018, 25cm class), profitable at the operating level with FY25 revenue above EUR 250M (+100%) and EBITDA above EUR 100M, a EUR 1.5B backlog, and a EUR 1B-plus raise in June 2026 at a EUR 10B-plus valuation. It is the sovereign-intelligence category winner, with a EUR 1.7B Bundeswehr SPOCK 1 contract via its Rheinmetall JV and POLSARIS delivered to Poland's armed forces in under 12 months, marking a model shift toward governments buying constellations rather than renting imagery. It is scaling production toward one satellite per week during 2026 and 100 a year by 2028.
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ICEYE builds and operates a radar imaging satellite constellation and sells Earth-observation imagery and products, such as flood intelligence, to government and defense customers. ICEYE is a Finnish operator of the world's largest SAR constellation (70 satellites launched since 2018, 25cm class), profitable at the operating level with FY25 revenue above EUR 250M (+100%) and EBITDA above EUR 100M, a EUR 1.5B backlog, and a EUR 1B-plus raise in June 2026 at a EUR 10B-plus valuation. It is the sovereign-intelligence category winner, with a EUR 1.7B Bundeswehr SPOCK 1 contract
ICEYE ranks 2 of 100 on the Space 100 (November 2026 edition) with a score of 93 out of 100, in Earth observation (Satellites & spacecraft). Assessment by Frontier Tech Intelligence.
HawkEye 360 (rank 14), Planet Labs (rank 17), BlackSky (rank 34), iQPS (rank 47), Umbra (rank 63), Spire Global (rank 84).
ICEYE is based in Espoo, Finland. Founded 2014. Stage: Private.
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