Satellite company Capella Space plans to grab $ 60 billion from intelligence market with latest technology
Capella space unveiled its satellite imagery with two advanced spacecraft it deployed earlier this year. The company seeks to make the most of the ground intelligence market, which it estimates at $ 60 billion. The company wants to use this satellite imagery technology with affordable spacecraft.
The company is developing a group of interconnected satellites that can collect images for different places on Earth. This technology allows the company to record images at any time and in various types of weather conditions. The company intends to conquer the intelligence, surveillance and reconnaissance market, according to chief executive Payam Banazadeh.
Payam believes that this technology represents 67% or $ 40 billion of the Earth’s intelligence market. A third of this technology is fast and very advanced Earth observation which incorporates capabilities equivalent to SAR. The company has managed to raise around $ 100 million since its inception five years ago and has around 100 employees.
Currently, the company boasts of three orbiting satellites and will deploy four more satellites before the end of 2021. Another company in the radar imagery market is Finland’s Iceye which is also developing a network of satellites with ten already in orbit. Capella has an absolute advantage over Iceye as it is based in the United States and will serve the government market. On the other hand, Iceye has said that it will expand its operations to other countries like Poland after developing another utility in the United States.
Capella unveiled its first high-resolution images captured by the Capella-3 and Capella-4 satellites earlier this year. Satellite images show the Rybachiy nuclear submarine base in Russia, the “Gateway of India” in New Delhi and the “Temple of Heaven” buildings in Beijing. The image shows other landmarks in Russia that have been recorded. The executive explained that the technology has various advantages that standard optical imaging satellites cannot.
He added that since the only part of the Earth they explore is 25%, they can only focus on the progressive nature of their satellites and optical technology to meet the needs of their customers. In addition, the radar system is an advanced measurement system for details on Earth. This technology allows experts to analyze the images with particular attention to the details pinned on the examined objects. Finally, the company decided to serve the government and its friends as the US market is dominated by a government with a high demand for intelligence that only space satellites can provide with ease.