Iceye raises $136 million in private investment capital
Capitalism in space: Iceye, which launches commercial Earth observation satellites, has successfully raised another $136 million in private investment capital, bringing its total cash raised to $304 million.
With the latest cash infusion announced Feb. 3, Iceye is expanding manufacturing capacity and upping its launch tempo. Iceye plans to loft 11 satellites in 2022, after launching seven in 2021. Iceye also will devote additional resources toward natural catastrophe monitoring. In 2021, Iceye began working with insurance industry partners including Zurich-based Swiss Re and Tokyo-based Tokio Marine.
With the climate changing and natural catastrophes becoming more frequent, Iceye executives see increasing demand for updated information. SAR satellites are particularly useful for observing floods and other disasters because unlike optical sensors, they gather data at night and through clouds.
Essentially, commercial satellites like Iceye’s are replacing the government satellites that NASA and NOAA have been launching, but with far less frequency and far more cost in the last two decades. In fact, the inability of these agencies to get many new Earth observation satellites launched on time and cheaply has fueled this new private industry.
Like NASA’s manned program, the government will soon depend entirely on privately-built satellites for its climate and Earth resource research. And it will get more for its money and get it faster.
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In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
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Capitalism in space: Iceye, which launches commercial Earth observation satellites, has successfully raised another $136 million in private investment capital, bringing its total cash raised to $304 million.
With the latest cash infusion announced Feb. 3, Iceye is expanding manufacturing capacity and upping its launch tempo. Iceye plans to loft 11 satellites in 2022, after launching seven in 2021. Iceye also will devote additional resources toward natural catastrophe monitoring. In 2021, Iceye began working with insurance industry partners including Zurich-based Swiss Re and Tokyo-based Tokio Marine.
With the climate changing and natural catastrophes becoming more frequent, Iceye executives see increasing demand for updated information. SAR satellites are particularly useful for observing floods and other disasters because unlike optical sensors, they gather data at night and through clouds.
Essentially, commercial satellites like Iceye’s are replacing the government satellites that NASA and NOAA have been launching, but with far less frequency and far more cost in the last two decades. In fact, the inability of these agencies to get many new Earth observation satellites launched on time and cheaply has fueled this new private industry.
Like NASA’s manned program, the government will soon depend entirely on privately-built satellites for its climate and Earth resource research. And it will get more for its money and get it faster.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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