ICEYE — Valuation, Funding & Investors

ICEYE is a Finnish satellite company founded in 2014 by Rafał Modrzewski and Pekka Laurila as a spin-off of Aalto University, based in Espoo. It operates the world's largest synthetic-aperture radar satellite constellation, miniaturizing SAR satellites to under 100 kilograms so they can image the Earth through clouds and in darkness for defense, intelligence and commercial customers.

Governments including Poland and Germany buy full sovereign missions from ICEYE, satellites, ground infrastructure, software and analytics together, and the company's satellite data has supported Ukraine's military since 2022. By December 2025 ICEYE had launched 62 satellites, and that same month it signed a radar data services contract with Germany worth up to €2.7 billion, its largest to date.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds ICEYE.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. ICEYE availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — ICEYE included.

The last valuation is $12B.

Lead investors for each round are in the funding timeline.

The closest satellite imaging / earth observation peers are on the competitors page.

The routes section explains what is realistically available for a company at this stage.