ICEYE ranks 2 on the Space 100 with a score of 93; iQPS ranks 47 with 75. ICEYE is ahead on deployment, production, commercials, progress, technology, positioning and firepower. Level on leverage. ICEYE is based in Espoo, Finland, iQPS in Fukuoka, Japan. ICEYE: Private, founded 2014. iQPS: Public. ICEYE is named in 127 signals and iQPS in 32.
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.
Darker bar: ahead of the other company on that measure.
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.
127 signals name ICEYE.
152 facts on file.
iQPS operates the QPS-SAR constellation of small radar satellites, providing day-and-night Earth observation imagery with little sensitivity to cloud cover.
Darker bar: ahead of the other company on that measure.
iQPS is a Japanese SAR operator (TSE-listed) running the QPS-SAR constellation (8+ satellites under JSAT operations contracts, QPS-SAR-15 first-light images in January 2026), which raised a JPY 15.2B PIPE in March 2026 (SKY Perfect JSAT, Mitsui Sumitomo taking 18.23%) for mass production and launches. It is a member of the winning Japanese MoD Satellite Constellation Project consortium (December 2025), the sovereign-SAR national team, carrying the same MoD-dependency flag as Synspective. Revenue is estimated at 10-100m class.
32 signals name iQPS.
39 facts on file.
ICEYE ranks 2 on the Space 100 with a score of 93; iQPS ranks 47 with 75. ICEYE is ahead on deployment, production, commercials, progress, technology, positioning and firepower. Level on leverage. ICEYE is based in Espoo, Finland, iQPS in Fukuoka, Japan. ICEYE: Private, founded 2014. iQPS: Public. ICEYE is named in 127 signals and iQPS in 32.
ICEYE ranks 2 on the Space 100 with a score of 93; iQPS ranks 47 with 75. ICEYE is ahead on deployment, production, commercials, progress, technology, positioning and firepower. Level on leverage. ICEYE is based in Espoo, Finland, iQPS in Fukuoka, Japan. ICEYE: Private, founded 2014. iQPS: Public. ICEYE is named in 127 signals and iQPS in 32. Both company files carry the scores on eight measures, the facts with sources and the latest signals.
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