What are the most valued startups in the earth observation market?

Last updated: 13 July 2026

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The earth observation market includes satellite operators, aerial-imaging companies, geospatial software platforms and specialized intelligence providers.

This ranking compares 100 earth observation startups and companies using their latest reported or estimated valuations.

We update this list every month to reflect new funding rounds, public-market movements, acquisitions and operating data.

And if you want to better understand this new industry, you can download our pitch covering the earth observation market.

A quick summary table

Metric Value
Most valuable earth observation startup ICEYE, $12.0B
Second most valuable earth observation company Planet Labs, $9.6B
Median earth observation valuation Approximately $82M
Share of earth observation value captured by the top 10 Approximately 71%
Top earth observation valuation vs. median Approximately 147 times
Median valuation-to-capital-raised ratio Approximately 3.5 times
Earth observation companies valued at $1B+ 6

Top startups in the earth observation market ranked by valuation

Here is an updated table that ranks the top startups in the earth observation market based on their latest reported or estimated valuations.

If you want more detaild about their fundraising activity, you can check our list of the startups who have raised the most funding in the earth observation market.

# Startup Name What They Do Current Valuation ($) Valuation Confidence Level Valuation Type Evidence Status Total Funding ($) Funding Confidence Level
1 ICEYE All-weather SAR satellite intelligence $12.0B Full Confidence Announced Private Round Valuation Observed $1.1B Strong Confidence
2 Planet Labs Daily optical satellite imagery $9.6B Full Confidence Public Market Cap Observed $974M Partial Confidence
3 Chang Guang Satellite Technology Jilin-1 imaging constellation $2.5B–$3.5B Partial Confidence Implied Valuation from Raise Implied $1.1B Partial Confidence
4 HawkEye 360 RF geolocation from space $1.8B–$2.0B Strong Confidence Public Market Cap Observed $930M Strong Confidence
5 EagleView Aerial property imagery and analytics $800M–$1.2B Partial Confidence Revenue or ARR Multiple Estimate Estimated Not provided Not provided
6 Synspective Small SAR satellite analytics $1.0B Strong Confidence Public Market Cap Observed $309M Partial Confidence
7 BlackSky Real-time geospatial intelligence $960M Full Confidence Public Market Cap Observed $283M Low Confidence
8 Tomorrow.io AI weather satellite intelligence $825M–$1.0B Strong Confidence Announced Private Round Valuation Observed $427M Strong Confidence
9 Umbra Commercial high-resolution SAR data $750M–$950M Partial Confidence Proxy-Based Estimate Estimated $100M+ Low Confidence
10 AiDash Satellite AI for infrastructure resilience $650M–$900M Partial Confidence Revenue or ARR Multiple Estimate Estimated $92M Strong Confidence
11 Nearmap Subscription aerial location intelligence $706M Full Confidence Acquisition Value Observed $132M Partial Confidence
12 Satellogic Sub-meter optical satellite imagery $667M Full Confidence Public Market Cap Observed $339M Partial Confidence
13 iQPS SAR Earth-observation satellite constellation $630M Full Confidence Public Market Cap Observed $112M Low Confidence
14 Pixxel Hyperspectral Earth-imaging constellation $500M–$750M Partial Confidence Implied Valuation from Raise Implied $95M Strong Confidence
15 DroneDeploy Drone mapping and reality capture $550M–$700M Strong Confidence Revenue or ARR Multiple Estimate Estimated $142M Strong Confidence
16 EarthDaily Analytics Multispectral imagery and analytics $450M–$750M Partial Confidence Revenue or ARR Multiple Estimate Estimated $61M Not provided
17 Unseenlabs Maritime RF geolocation satellites $450M–$700M Partial Confidence Implied Valuation from Raise Implied $125M Full Confidence
18 Spire Global Satellite data and analytics $541M Full Confidence Public Market Cap Observed $474M Strong Confidence
19 Hydrosat Thermal water-stress analytics $400M–$650M Partial Confidence Implied Valuation from Raise Implied $90M Partial Confidence
20 Muon Space Mission-tailored satellite constellations $300M–$550M Partial Confidence Implied Valuation from Raise Implied $136M Full Confidence
21 GHGSat Greenhouse gas monitoring satellites $250M–$450M Partial Confidence Proxy-Based Estimate Estimated $55M+ Partial Confidence
22 SatVu Thermal intelligence from space $270M–$410M Partial Confidence Implied Valuation from Raise Implied $95M Strong Confidence
23 Albedo Ultra-high-resolution VLEO imagery $285M–$385M Partial Confidence Active Raise Valuation Estimated $97M Strong Confidence
24 NorthStar Earth & Space Space-object tracking and intelligence $280M–$380M Partial Confidence Comparables-Based Estimate Estimated $134M Partial Confidence
25 Capella Space High-resolution SAR imagery $311M Strong Confidence Acquisition Value Observed $239M Partial Confidence
26 Prospera Technologies AI crop monitoring platform $300M Full Confidence Acquisition Value Observed $26M Partial Confidence
27 constellr Thermal intelligence from space $220M–$370M Partial Confidence Implied Valuation from Raise Implied $74M Partial Confidence
28 Axelspace Microsatellite imagery and mission services $248M Full Confidence Public Market Cap Observed $107M Strong Confidence
29 Preligens Defense imagery analysis using AI $243M Full Confidence Acquisition Value Observed $24M Strong Confidence
30 Taranis AI aerial crop intelligence $180M–$280M Partial Confidence Implied Valuation from Raise Estimated $100M Full Confidence
31 Kayrros Satellite-based climate intelligence $170M–$250M Partial Confidence Revenue or ARR Multiple Estimate Estimated $81M Partial Confidence
32 Regrow Agricultural carbon MRV software $180M–$240M Strong Confidence Announced Private Round Valuation Implied $59M Partial Confidence
33 LiveEO Satellite infrastructure monitoring analytics $170M–$230M Strong Confidence Implied Valuation from Raise Implied $55M Partial Confidence
34 Orbital Insight Geospatial analytics software $120M–$250M Low Confidence Proxy-Based Estimate Estimated $124M Strong Confidence
35 zestyAI Property-risk analytics for insurers $140M–$210M Partial Confidence Comparables-Based Estimate Estimated $46M Full Confidence
36 Vexcel Imaging Aerial cameras and mapping imagery $130M–$210M Low Confidence Revenue or ARR Multiple Estimate Estimated Not provided Not provided
37 Ursa Space Systems SAR intelligence analytics platform $120M–$200M Low Confidence Comparables-Based Estimate Estimated $29M+ Low Confidence
38 HySpecIQ Hyperspectral imagery and intelligence $100M–$180M Low Confidence Comparables-Based Estimate Estimated $35M Partial Confidence
39 OroraTech Satellite-based wildfire intelligence $125M–$150M Partial Confidence Revenue or ARR Multiple Estimate Estimated $64M Strong Confidence
40 Array Labs Three-dimensional radar satellite imagery $105M–$145M Strong Confidence Implied Valuation from Raise Implied $35M Strong Confidence
41 Ceres Imaging Aerial agricultural risk analytics $100M–$150M Strong Confidence Implied Valuation from Raise Implied $51M Strong Confidence
42 Orbital Sidekick Hyperspectral infrastructure monitoring $90M–$150M Low Confidence Comparables-Based Estimate Estimated $30M Partial Confidence
43 Delair Long-range industrial drone systems $90M–$140M Partial Confidence Revenue or ARR Multiple Estimate Estimated $43M Partial Confidence
44 SynMax Maritime and energy satellite intelligence $90M–$130M Partial Confidence Announced Private Round Valuation Estimated $13M Partial Confidence
45 Urban Sky Stratospheric balloon imaging $100M–$120M Strong Confidence Announced Private Round Valuation Observed $44M Full Confidence
46 Pachama Forest carbon monitoring platform $80M–$130M Partial Confidence Acquisition Value Estimated $88M Partial Confidence
47 UP42 Commercial Earth-data access platform $80M–$130M Low Confidence Acquisition Value Estimated Not provided Not provided
48 SatSure Satellite intelligence for financial decisions $90M–$105M Strong Confidence Announced Private Round Valuation Observed $29M Partial Confidence
49 NCX Forest natural-capital marketplace $70M–$120M Low Confidence Comparables-Based Estimate Estimated $74M Full Confidence
50 SkyWatch Satellite-data distribution infrastructure $70M–$110M Partial Confidence Comparables-Based Estimate Estimated $28M Partial Confidence
51 Kuva Space Hyperspectral monitoring satellite network $70M–$110M Partial Confidence Comparables-Based Estimate Estimated $23M Strong Confidence
52 Descartes Labs Geospatial AI analytics $50M–$120M Low Confidence Proxy-Based Estimate Estimated $58M Strong Confidence
53 Deimos Imaging Optical satellite imagery services $83M Full Confidence Acquisition Value Observed Not provided Not provided
54 SkyFi Satellite imagery marketplace and analytics $65M–$95M Strong Confidence Implied Valuation from Raise Implied $27M Strong Confidence
55 Arturo AI property intelligence for insurers $55M–$85M Partial Confidence Revenue or ARR Multiple Estimate Estimated $47M Partial Confidence
56 Aerobotics Orchard imagery and yield analytics $55M–$80M Partial Confidence Comparables-Based Estimate Estimated $27M Strong Confidence
57 Chloris Geospatial Satellite forest carbon measurement $45M–$70M Strong Confidence Implied Valuation from Raise Implied $21M Partial Confidence
58 RS Metrics Asset-level environmental risk analytics $45M–$70M Partial Confidence Comparables-Based Estimate Estimated $14M Partial Confidence
59 EOS Data Analytics AI-powered satellite imagery analytics $45M–$65M Partial Confidence Revenue or ARR Multiple Estimate Estimated Not provided Not provided
60 Floodbase Flood-risk data and insurance tools $45M–$65M Strong Confidence Implied Valuation from Raise Implied $17M Partial Confidence
61 EOI Space Ultra-high-resolution VLEO imagery $35M–$70M Low Confidence Proxy-Based Estimate Estimated $11M Low Confidence
62 Wyvern Hyperspectral satellite imagery data $40M–$60M Partial Confidence Implied Valuation from Raise Implied $16M Partial Confidence
63 Near Space Labs Stratospheric aerial imagery $40M–$50M Strong Confidence Announced Private Round Valuation Observed $33M Partial Confidence
64 Earth Blox Nature-risk geospatial intelligence platform $32M–$50M Strong Confidence Implied Valuation from Raise Implied $9M Strong Confidence
65 GalaxEye Combined optical and radar satellites $25M–$40M Partial Confidence Implied Valuation from Raise Estimated $18M Partial Confidence
66 OneSoil Satellite precision farming software $25M–$40M Strong Confidence Announced Private Round Valuation Implied $8M Strong Confidence
67 PlanetWatchers SAR analytics for crop insurers $25M–$40M Partial Confidence Revenue or ARR Multiple Estimate Estimated $16M Strong Confidence
68 Satelytics Industrial geospatial monitoring alerts $25M–$38M Partial Confidence Revenue or ARR Multiple Estimate Estimated $5M Full Confidence
69 PierSight Maritime surveillance using SAR satellites $25M–$35M Partial Confidence Implied Valuation from Raise Implied $8M Strong Confidence
70 Gamaya Hyperspectral crop intelligence $20M–$35M Low Confidence Comparables-Based Estimate Estimated $16M Strong Confidence
71 Kermap AI satellite land analytics $20M–$35M Low Confidence Revenue or ARR Multiple Estimate Estimated $1M Partial Confidence
72 Picterra No-code geospatial AI detection $20M–$35M Partial Confidence Revenue or ARR Multiple Estimate Estimated $10M Full Confidence
73 Amini African environmental data infrastructure $20M–$32M Partial Confidence Comparables-Based Estimate Estimated $6M Full Confidence
74 Geospatial Insight Satellite imagery analytics $20M–$32M Partial Confidence Revenue or ARR Multiple Estimate Estimated $5M Partial Confidence
75 SI Imaging Services Korean satellite imagery distribution $15M–$35M Low Confidence Proxy-Based Estimate Estimated $2M Low Confidence
76 Satelligence Satellite deforestation supply monitoring $18M–$30M Partial Confidence Revenue or ARR Multiple Estimate Estimated $2M Strong Confidence
77 Impact Observatory AI global land-cover mapping $18M–$28M Partial Confidence Implied Valuation from Raise Implied $6M Strong Confidence
78 SpaceKnow Satellite economic activity intelligence $18M–$28M Partial Confidence Revenue or ARR Multiple Estimate Estimated $5M Strong Confidence
79 Rezatec Geospatial infrastructure risk analytics $15M–$30M Low Confidence Acquisition Value Estimated $11M Partial Confidence
80 Arlula Satellite data access infrastructure $14M–$23M Strong Confidence Implied Valuation from Raise Implied $4M Partial Confidence
81 Esper Satellite Imagery Hyperspectral mineral exploration satellites $14M–$22M Partial Confidence Implied Valuation from Raise Implied $4M Partial Confidence
82 SATIM AI analysis of SAR imagery $10M–$18M Low Confidence Implied Valuation from Raise Implied $3M Partial Confidence
83 TellusLabs Satellite crop intelligence $8M–$16M Low Confidence Proxy-Based Estimate Estimated $3M Full Confidence
84 SLANTRANGE Drone crop sensing analytics $8M–$15M Low Confidence Acquisition Value Estimated $9M Partial Confidence
85 SpaceSense Satellite climate-intelligence software $8M–$15M Low Confidence Acquisition Value Estimated $1M Full Confidence
86 Earth-i Satellite imagery and intelligence $8M–$13M Partial Confidence Revenue or ARR Multiple Estimate Estimated Not provided Not provided
87 PrecisionHawk Drone infrastructure inspection analytics $5M–$15M Low Confidence Acquisition Value Estimated $136M Strong Confidence
88 Bird.i Satellite imagery intelligence platform $7M–$12M Low Confidence Acquisition Value Estimated $3M Strong Confidence
89 4 Earth Intelligence Environmental satellite analytics $6M–$12M Low Confidence Comparables-Based Estimate Estimated Not provided Not provided
90 Geocento Satellite imagery procurement platform $4M–$8M Partial Confidence Implied Valuation from Raise Implied Not provided Not provided
91 Terrabotics 3D terrain and asset analytics $4M–$7M Partial Confidence Revenue or ARR Multiple Estimate Estimated $1M Low Confidence
92 KappaZeta Radar analytics for land monitoring $3M–$7M Low Confidence Proxy-Based Estimate Estimated $1M Strong Confidence
93 CTrees Global forest carbon datasets $4M–$6M Partial Confidence Proxy-Based Estimate Estimated Undisclosed Not provided
94 GeoPard Agriculture Precision agriculture analytics software $3M–$5M Partial Confidence Revenue or ARR Multiple Estimate Estimated Undisclosed Not provided
95 Orbital EOS Satellite maritime oil-spill detection $2M–$5M Low Confidence Proxy-Based Estimate Estimated Not provided Not provided
96 Cervest Enterprise physical climate-risk intelligence $1M–$5M Low Confidence Acquisition Value Estimated $36M Partial Confidence
97 Kleos Space Space-based RF reconnaissance $0M–$3M Low Confidence Proxy-Based Estimate Estimated $15M Low Confidence
98 Farmers Edge Digital farm management platform $11M Full Confidence Acquisition Value Observed $160M Partial Confidence
99 Vultus Satellite fertilizer optimization analytics $1M Full Confidence Public Market Cap Observed $2M Low Confidence
100 Bluefield Technologies Satellite methane-leak monitoring $0M–$1M Strong Confidence Proxy-Based Estimate Estimated $0M Full Confidence

Key valuation trends in the earth observation market

Insights

  • Earth observation market value is highly concentrated. ICEYE and Planet Labs represent about $21.6B combined, close to half of the estimated value across all 100 companies.
  • The top 10 earth observation companies capture roughly 71% of total valuation. This shows how strongly scale, proprietary data and constellation ownership influence value at the top.
  • ICEYE is valued at approximately 147 times the market median. The gap highlights the difference between globally scaled satellite intelligence platforms and smaller application-focused geospatial companies.
  • ICEYE, HawkEye 360, Preligens and Array Labs represent about $14.3B in combined value from roughly $2.1B of funding, showing the premium attached to defense and security applications.
  • Preligens reached a $243M acquisition value after raising only $24M. This represents more than ten times the capital raised and stands out as one of the strongest observed outcomes.
  • DroneDeploy has an estimated valuation midpoint of $625M on $142M of funding. The resulting 4.4-times ratio shows the capital efficiency available to software-led geospatial platforms.
  • Earth Blox has an estimated value of about $41M after raising $9M. The 4.6-times ratio exceeds the result of several more capital-intensive satellite and aerial-imaging businesses.
  • Tomorrow.io, DroneDeploy and Earth Blox reach approximately $1.6B in combined value from less than $580M of funding, showing investor demand for weather, mapping and infrastructure intelligence.
  • The median earth observation company is valued at approximately $82M, while the median valuation-to-funding ratio is about 3.5 times among companies with usable capital-raised data.

A few word about our methodology

As you can see, we built a database that ranks startups in the earth observation market based on their current valuation.

Estimating earth observation startup valuations is not always straightforward. Many satellite, aerial-imaging and geospatial software companies do not publicly disclose their valuation. The available information can also vary widely depending on the company and its stage.

To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.

Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed companies, or official acquisition prices.

When an earth observation company is publicly listed, we use its current market capitalization as the reference valuation.

If a company was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.

When an earth observation startup recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.

In some cases, we also estimate valuations using operating metrics such as revenue, ARR or customer traction. We combine these figures with valuation multiples from comparable satellite, aerial-imaging and geospatial intelligence companies.

When direct financial data is not available, we may rely on carefully selected comparable startups and other signals such as hiring growth, investor quality, product traction, constellation development and commercial contracts.

All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by strong operating metrics and comparable company analysis.

We also carefully evaluate the age of every data point. Recent information carries more weight, while older data is treated cautiously and adjusted conservatively when necessary.

Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.

Because valuation data is not always fully public, each earth observation startup in the ranking is assigned a confidence level based on the reliability, recency and consistency of the available evidence.

Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.

When confidence is lower, we take a more conservative approach by widening the valuation range. This helps reflect the uncertainty and increases the probability that the true valuation falls within the estimated range.

This reflects how we conduct all our research, including the work behind our report covering the earth observation market.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Related blog posts

- What are the fundraising trends in the earth observation market?

- Which startups have raised the most funding in the earth observation market?

- How strong is fundraising in the earth observation market right now?

- A complete list of funding deals in the earth observation market

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