NaraSpace Technology

Name

NaraSpace Technology

Legal name

(주)나라스페이스테크놀로지

Website

https://naraspace.com

Company type

Public

Founded year

2017

Operating status

Ipo

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Satellite Manufacturing and Earth Observation Analytics

NAICS

Guided Missile and Space Vehicle Manufacturing (336414), Satellite Telecommunications (517410), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419)

SIC

Guided Missiles & Space Vehicles & Parts (3760), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Spacecraft & Satellites (Civil/Commercial) (IMABACAB)

akta.pro secondary industries

Satellite Imagery & Remote Sensing Geospatial Platforms (BPAMANAM), Satellite/Aerial/Remote Sensing MRV (Methane plumes, land-use change) (EUAHADAL)

Keywords

• Satellite manufacturing
• Earth observation analytics
• Smallsat platforms
• Hyperspectral imaging
• Satellite imagery services

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Satellite Platform and Bus Sales: Sale of turnkey satellites and standardized bus platforms (6U, 12U, 16U). Turnkey Observer starts at $1.8M, NarSha at $3.5M, 16U platform at $1.6M, 12U at $1.5M, and 6U at $1.2M. These are one-time hardware sales with customization options.
2. EarthPaper Subscription and Analytics Services: Cloud-based satellite imagery platform providing subscription access to imagery purchase, super resolution, gap filling, and image fusion services. Revenue generated through per-image purchases and analysis service fees. Operates on AWS cloud infrastructure.
3. Satellite Data and Analytics Services (B2G/B2B): Contracts for satellite data and analytics services to government and enterprise clients. Example: 6.1 billion won order for geospatial intelligence services, including MOU with Indonesia's Telkomsat for Earth observation data covering disaster response, marine monitoring, and environmental analysis.
4. Government Satellite Development Contracts: Custom satellite development projects commissioned by government agencies. Examples include: Gyeonggi Province climate satellite program (GyeonggiSat), Busan marine observation satellite (BusanSat), and space semiconductor verification payload satellite for the Ministry of Science and ICT's Global Top Space program.
5. Custom Satellite Imagery and Analysis: One-time purchase of high-resolution satellite imagery and custom analysis reports for specific use cases (wildfire analysis, agricultural yield forecasting, defense intelligence). Available through EarthPaper platform contact form.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

NaraSpace Technology designs, manufactures, and operates small satellites (Observer, NarSha, and standardized 6U/12U/16U bus platforms) and provides a cloud-based satellite imagery analytics platform (EarthPaper) that delivers AI-powered super resolution, gap filling, image fusion, and crop yield, wildfire, methane, and defense intelligence insights. The company sells turnkey satellites (USD 1.2M–3.5M), custom satellite development, and analytics subscriptions to government and enterprise customers in Korea, Indonesia, the Middle East, and Europe, with a planned 84-satellite constellation by 2031.

Product overview

NaraSpace Technology is Korea's only integrated satellite service provider, offering a comprehensive portfolio spanning satellite manufacturing (Observer, NarSha, and 6U/12U/16U platform families) and satellite imagery analytics (EarthPaper platform). The product architecture consists of satellite bus platforms available as standard off-the-shelf products or custom-developed turnkey solutions, complemented by the EarthPaper cloud platform which provides satellite imagery purchase, AI-powered analytics (super resolution, gap filling, image fusion), and sector-specific insights for agriculture, disaster response, environment, defense, and urban planning. The Observer satellite family delivers electro-optical remote sensing with multispectral capabilities, while NarSha specializes in hyperspectral methane detection for climate monitoring.

Differentiator

Problem solved

Functional benefit

Brands

• EarthPaper: Satellite imagery utilization platform providing satellite image analysis, interpretation, and insights including super resolution, gap filling, and image fusion services.
• Observer
• NarSha

Products and services

• EarthPaper Cloud-based satellite imagery analytics platform that analyzes, interprets, and extracts insights from satellite data, offering super resolution, gap filling, and image fusion capabilities for agriculture, environment, defense, and urban planning customers.
• Observer Satellite Platform Space-proven 16U turnkey electro-optical remote-sensing satellite with 1.5m GSD and 8-band multispectral payload (up to 12kg payload mass) for Earth observation missions, available starting at USD 1.8M.
• NarSha Methane Detection Satellite 25 kg-class hyperspectral methane detection satellite constellation with 150 spectral bands and 100 kg/h detection threshold, designed for wide-area repeated observation and climate-focused missions, priced from USD 3.5M.
• 16U CubeSat Platform 16U CubeSat standard bus platform with 1.5m GSD and K-band communication mission capability; maximum payload mass 20kg and up to 100W power. NASA Small Spacecraft Technology certified, priced from USD 1.6M.
• 12U CubeSat Platform 12U CubeSat standard bus platform with 3m GSD for multi-payload hosting missions; maximum payload mass 13kg. Recognized in NASA's State-of-the-Art Small Spacecraft Technology Catalogue, priced from USD 1.5M.
• 6U CubeSat Platform 6U CubeSat standard bus platform with 5m GSD and IoT mission capability; maximum payload mass 6kg and up to 50W power. Space Heritage certified, priced from USD 1.2M.
• Custom Satellite Development Tailored satellite manufacturing service supporting bus platform customization or complete turnkey satellite solutions based on customer mission requirements, delivered through direct government and enterprise contracts.

Quantifiable outcome

• 97% accuracy in U.S. corn yield forecast model for 2024–2025
• +4 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability7 records

Feature7 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Telkomsat (PT Telkom Indonesia)coreStrategic or Co-development Partner · 14 May 2026Nara Space signed an MOU with Telkomsat, Indonesia's state-owned satellite company under PT Telkom Indonesia group, to cooperate on Earth observation data services. Partnership covers disaster response, marine monitoring, and environmental analysis. This is a strategic expansion into the Southeast Asian market.
• Busan Metropolitan CitycoreStrategic or Co-development Partner · 7 May 2026Nara Space developed and launched BusanSat, Korea's first municipal marine observation satellite, aboard SpaceX Falcon 9. The satellite monitors marine fine dust and atmospheric conditions. Data is shared with NASA Langley Research Center through international cooperation.
• SpaceXcoreTechnology or Integration · 7 May 2026SpaceX provides launch services for Nara Space satellites aboard Falcon 9 vehicles. Multiple launches: Observer-1A (November 2023), GyeonggiSat-1 (December 2025), and BusanSat (May 2026). SpaceX is a critical operational partner for satellite deployment.
• NADIR Consortium (ITEA)coreStrategic or Co-development Partner · 27 April 2026Nara Space joined NADIR, a global disaster response consortium backed by ITEA (Europe's largest IT promoter). Nara Space leads AI-based algal bloom detection and supplies high-resolution imagery from its Observer satellite. The consortium aims to build a global disaster response platform.
• Korea AeroSpace Administration (KASA)coreStrategic or Co-development Partner · 29 January 2026KASA and Korea Astronomy and Space Science Institute announced the K-RadCube mission aboard NASA's Artemis II. Nara Space led the satellite's development using AI design technology. KASA leads Korean delegation to court US space partnerships including NASA and SpaceX.
• Samsung ElectronicscoreStrategic or Co-development Partner · 29 January 2026Samsung Electronics semiconductor chips (DRAM) are loaded onto the K-RadCube CubeSat for space radiation effects testing. The mission validates reliability of Samsung's semiconductors in extreme space environments including the Van Allen radiation belts.
• SK hynixcoreStrategic or Co-development Partner · 29 January 2026SK hynix semiconductor chips are loaded onto the K-RadCube CubeSat for space radiation effects testing as part of the Artemis II mission. The mission generates data for developing radiation-hardened semiconductors.
• Korea Astronomy and Space Science InstitutecoreStrategic or Co-development Partner · 29 January 2026The institute collaborated with KASA on the K-RadCube mission, which is scheduled for launch aboard NASA's Artemis II mission between February and April 2026. Operations will be managed from KT SAT's Yongin Satellite Center.
• Electronics and Telecommunications Research Institute (ETRI)coreStrategic or Co-development Partner · 20 January 2026ETRI leads the Global Top Space·Aerospace Semiconductor Strategic Research Group program. Nara Space was selected as the implementing organization to develop a space semiconductor verification payload and demonstration nanosatellite carrying seven domestically developed Korean chips.
• FuitminorStrategic or Co-development Partner · 1 December 2025Fuit, a South Korean safety tech startup, partnered with Nara Space for a satellite image-based disaster monitoring system demonstration in December 2025, supported by the Artificial Intelligence Cluster Agency. Fuit combines satellite communication and AI for emergency rescue systems.
• Gyeonggi ProvincecoreStrategic or Co-development Partner · 16 July 2025Nara Space partnered with Gyeonggi Province as the sole developer and operator of 'GyeonggiSat,' the province's climate monitoring satellite program. Three-satellite mission for methane monitoring, disaster response, and air quality management. Enables science-based climate policy for the province.
• Amazon Web Services (AWS)coreTechnology or Integration · 1 May 2022EarthPaper platform collaborates with AWS and Megazone Cloud to enhance data analysis for clients across various sectors. AWS provides cloud infrastructure for the satellite imagery platform, enabling super-resolution processing up to 50x faster in AWS EC2 environments.
• Megazone CloudcoreTechnology or Integration · 1 May 2022EarthPaper platform collaborates with AWS and Megazone Cloud to enhance data analysis for clients. Megazone Cloud serves as an AWS partner in Korea, providing cloud infrastructure support for the satellite imagery and analytics platform.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Planet Labs: Operates the largest commercial Earth observation smallsat constellation (PlanetScope, SkySat) and sells imagery plus analytics to government and enterprise customers — directly overlapping with NaraSpace's Observer constellation and EarthPaper platform across agriculture, defense, and environmental use cases.
• BlackSky Holdings: Combines a smallsat constellation with AI-driven analytics (Spectra AI) for defense, intelligence, and commercial customers — closely comparable to NaraSpace's Observer bus + EarthPaper analytics integration targeting defense and government markets.
• ICEYE: Operates the world's largest commercial SAR smallsat constellation and provides analytics to government and insurance markets — comparable to NaraSpace as a vertically integrated smallsat manufacturer and EO data provider, though ICEYE is SAR-focused vs NaraSpace's electro-optical and hyperspectral focus.
• Spire Global: Operates a multipurpose smallsat constellation (weather, AIS, aviation) with data-as-a-service subscriptions for government and enterprise — comparable to NaraSpace's recurring EarthPaper data subscriptions and smallsat-as-a-service model.
• Satellogic: Designs, manufactures, and operates its own Earth observation smallsat constellation (NewSat) for governments and commercial customers — closely mirrors NaraSpace's vertically integrated approach of in-house bus manufacturing plus imagery analytics.
• GHGSat: Specializes in satellite-based methane and greenhouse gas detection for oil & gas operators, governments, and carbon markets — the most direct functional peer to NaraSpace's NarSha hyperspectral methane constellation (100 kg/h threshold, CEOS-listed).
• Terran Orbital: US-based smallsat manufacturer (acquired by Lockheed Martin) supplying bus platforms and turnkey satellite solutions to defense and commercial customers — directly comparable to NaraSpace's Observer, NarSha, and 6U/12U/16U bus portfolio and turnkey satellite sales motion.
• NanoAvionics: SmallSat bus manufacturer offering standard satellite platforms and turnkey mission services — competes with NaraSpace in the standardized CubeSat platform segment (6U/12U/16U equivalents) for government and commercial constellation operators.
• Capella Space: Operates a commercial SAR smallsat constellation with on-demand tasking and analytics for defense and commercial markets — comparable to NaraSpace as a vertically integrated constellation operator targeting defense, agriculture, and environmental customers.

Emerging players

• SkyWatch: Earth observation data distribution and analytics platform aggregating multiple satellite providers — already integrated with NaraSpace's EarthPaper (per SkyWatch integration detail) and represents the broader EO platform competitive landscape NaraSpace operates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/naraspacetech
• Facebookfacebook.com/naraspace

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NaraSpace Technology