ICEYE
ICEYE builds and operates the world's largest SAR satellite constellation, selling radar imagery, data and sovereign satellite systems to defense, intelligence, insurance and government customers.
ICEYE is a vertically integrated Finnish manufacturer and operator of synthetic aperture radar (SAR) microsatellites that image day and night through clouds. It sells data subscriptions, analytics and whole sovereign satellite systems to defense and intelligence agencies, insurers, and disaster-response and maritime users. Examples include contracts with Sweden (2026) and Germany (a 40-satellite constellation signed in Dec 2025, built through the Rheinmetall ICEYE joint venture). In 2026 it raised about €1B in a Series F led by General Atlantic at a valuation above €10B. Reported 2025 revenue was over €250M, and it has launched roughly 76–80 satellites while scaling production toward 100 a year.
