“X2 has confirmed profitable … it is a 10 occasions higher decision than final time,” ICEYE CEO Rafal Modrzewski informed CNBC.
After the profitable debut of the X1 satellite tv for pc in January, ICEYE integrated greater than 50 enhancements into X2, Modrzewski mentioned. The ICEYE-X2 satellite tv for pc is very like the beta check of latest software program, Modrzewski defined. As soon as testing is full, the corporate will started industrial operations with X2, making it the cornerstone of a constellation of SAR satellites.
ICEYE plans to have a community of 18 satellites by 2020, providing near-real time comparisons of adjustments on the bottom. Modrzewski says the corporate will launch as many as eight in 2019, “relying on how briskly we are able to buy launches.”
As soon as ICEYE has six satellites within the constellation, Modrzewski says the corporate’s “first step by way of the industrial service” will probably be to “present world 24 hours repeat functionality.” Which means ICEYE will have the ability to present a picture of a spot on Earth in precisely the identical place as a picture taken 24 hours beforehand, exhibiting even small adjustments.
“None of the present satellites or constellations can assure you 24 hours repeat service,” Modrzewski mentioned.
That industrial service functionality “might be ample for the corporate to succeed in profitability,” Modrzewski mentioned.