Spacety
Spacety is a Chinese commercial satellite company that designs, builds, launches, and operates miniaturized cubesats, smallsats, and a commercial C-band/X-band SAR constellation. It serves government, energy, and academic customers with satellite manufacturing, Satellite-as-a-Service hosting, and SAR data products.
- Company typePrivate
- Founded2015
- HeadquartersEsch-sur-alzette, Luxembourg
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Spacety does
Spacety is a Chinese commercial space company founded in 2015 in Changsha, with an international headquarters in Luxembourg established in 2019. The company designs, builds, launches, and operates cubesat (6U, 12U) and smallsat (20-300kg) platforms, with a particular focus on miniaturized Synthetic Aperture Radar (SAR) Earth observation. Spacety pioneered the world's first commercial C-band SAR smallsat (Hisea-1, 185kg with phased-array antenna delivering 1m resolution) and operates China's first commercially networked SAR constellation, with 38 SAR satellites deployed and 21 space missions completed by 2026. The company also operates a dual-kernel satellite operating system written in Rust, demonstrated the first in-space iodine electric propulsion system in collaboration with ThrustMe, and integrates 200Gbps laser communication payloads on its Tiansuan Constellation satellites for 6G space-based networking research.
Spacety generates revenue through four primary streams: Satellite-as-a-Service (SataaS) providing shared satellite platforms and hosting for in-orbit demonstration and validation missions on multi-year subscription contracts; Satellite Data-as-a-Service (DaaS) selling SAR imagery across agriculture, forestry, oil & gas, environment, water management, disaster management, ocean surveillance, and infrastructure monitoring use cases; satellite manufacturing and direct sales of cubesat and smallsat platforms; and custom satellite development programs such as PowerChina-1 (X-band SAR for energy infrastructure monitoring). The company serves a customer base spanning government (UN ESCAP for disaster relief), energy (PowerChina Chengdu Engineering), and academic/research institutions (Beijing University of Posts and Telecommunications, Hunan University of Science and Technology, SUSTech, China University of Geosciences, Nanchang Hangkong University). Distribution is direct enterprise sales with global reach through the Luxembourg office.
The business is currently pre-IPO: Spacety signed a listing guidance agreement with Guotai Haitong Securities in January 2026 and raised $190 million (1.3 billion yuan) in equity financing in April 2026 from state-linked investors including Wuxi Liangxi Fund, Turing Ventures, Puhua Capital, and China Reform Securities Capital. The company faces material regulatory exposure from the January 2023 U.S. Treasury SDN listing, which implicatively extended to its Luxembourg holding subsidiary and restricts access to U.S. capital and technology supply chains.
Spacety firmographics
Firmographics- Name
- Spacety
- Legal name
- Spacety Co., Ltd.
- Website
- https://en.spacety.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Spacety is a Chinese commercial satellite company that designs, builds, launches, and operates miniaturized cubesats, smallsats, and a commercial C-band/X-band SAR constellation. It serves government, energy, and academic customers with satellite manufacturing, Satellite-as-a-Service hosting, and SAR data products.
- Ownership category
- akta.pro rank
Spacety industry classification
Industry- Product category
- Small Satellite Services
- NAICS
- Guided Missile and Space Vehicle Manufacturing (336414), Satellite Telecommunications (517410)
- SIC
- Guided Missiles & Space Vehicles & Parts (3760)
- akta.pro primary industry
- Spacecraft & Satellites (Civil/Commercial) (IMABACAB)
- akta.pro secondary industries
- Satellite Imagery & Remote Sensing Geospatial Platforms (BPAMANAM), Satellite Network Operations & Capacity Services (NOC, Capacity Leasing, Managed Payload Services) (HDAIAJAI)
Keywords
Where Spacety is headquartered
LocationHeadquarters
- HQ city
- Esch-sur-alzette
- HQ country
- Luxembourg
- HQ region
- Europe
Offices2 records
Markets served
Spacety business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Supply Chain, Infrastructure, Operations
Revenue model
- Satellite-as-a-Service (SataaS): Provides shared satellite platforms and flight opportunities for in-orbit demonstration/verification (IOD/IOV) and satellite hosting services. Customers access space without investing in satellites, paying for end-to-end services from testing through data delivery.
- Satellite Data-as-a-Service (DaaS): Provides SAR imagery and satellite data products for applications in agriculture, forestry, oil & gas, environment, water management, disaster management, ocean surveillance, and infrastructure monitoring.
- Satellite Manufacturing and Sales: Designs, builds, launches, and operates satellites for customers, including cubesat and smallsat products with various configurations (6U, 12U, 50kg-class).
- Custom Satellite Development: Develops custom satellites for specific applications such as the PowerChina-1 X-band SAR satellite for energy infrastructure monitoring, collaborating with specialized partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Satellite-as-a-Service payload hosting |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Spacety product offering
Product offeringCore offering
Spacety designs, builds, launches, and operates low-cost cubesat (6U, 12U) and smallsat (20-300kg) platforms and provides end-to-end satellite-based services. Its offerings include Satellite-as-a-Service (SataaS) for shared satellite platforms and flight opportunities, a C-band and X-band Synthetic Aperture Radar (SAR) constellation for all-weather Earth observation, and Satellite Data-as-a-Service (DaaS) delivering SAR imagery for commercial and government applications.
Product overview
Spacety is a global new space company offering a portfolio of products and services centered on small satellite technology and satellite-based Earth observation. The core offerings include: (1) Satellites - cubesat and smallsat platforms (6U, 12U, and 20kg-300kg class) designed for design, build, launch and operations; (2) Satellite-as-a-Service (SataaS) - providing shared satellite platforms for IOD/IOV missions; (3) SAR Constellation - C-band and X-band dual-band SAR constellation for all-weather Earth observation; and (4) Satellite Data-as-a-Service (DaaS) - providing satellite imagery data for commercial applications. Key satellite products include Hisea-1 (world's first commercial miniaturized C-band SAR), Chaohu-1 (second generation C-band SAR), TY42/Shenqi-2 (InSAR-enabled SAR), the Tiansuan Constellation (space computing/6G), and Shenqi Constellation (InSAR services). The company has completed 21 space missions and deployed 37 satellites as of May 2025.
Differentiator
Problem solved
Functional benefit
Brands
- Hisea-1: World's first miniaturized commercial C-band SAR satellite with phased-array antenna, weighing 185 kg and providing 1-meter resolution imagery.
- Chaohu-1
- TY-MINISAR
- TY-MINI SAR
Products and services
- Satellites (Cubesat and Smallsat Products)
Quantifiable outcome
- Satellite development time reduced by 5x compared to traditional approaches (1 year vs 5+ years for SAR satellites)
- +3 more outcomes
Companies that use Spacety
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
Spacety technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature8 records
Spacety partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered strategic and core.
- PowerChina Chengdu Engineering CorporationstrategicJoint development of PowerChina-1, China's first dedicated X-band SAR satellite for energy infrastructure monitoring. Satellite weighs 300kg with sub-0.5m resolution and millimeter-level ground deformation detection.
- China University of Geosciences (Wuhan)strategicCollaboration partner for PowerChina-1 satellite development alongside Spacety and PowerChina Chengdu Engineering.
- Zhangye Constellation Space Technology Co., Ltd.coreJoint development of TY42 (Shenqi-2) lightweight C-band SAR satellite with next-generation SAR payload enabling operational InSAR capabilities and millimeter-level surface deformation monitoring.
- China University of Geosciences (Wuhan)strategicLed development of DIZHI-1 hyperspectral geological remote sensing satellite with spectral bands optimized for mineral composition detection, rock type identification, and geological exploration.
- Nanchang Hangkong UniversitystrategicLed development of NCHU-1 intelligent multispectral ecological environment monitoring satellite for water quality analysis, algal bloom monitoring, and terrestrial environmental remote sensing.
- Southern University of Science and Technology (SUSTech)strategicFirst space science microsatellite SUSTech-1 carrying self-developed space electric field measurement payload and world's first ultra-long 12-meter electric field antenna on a microsatellite platform.
- Beijing University of Posts and Telecommunications (BUPT)coreLed development of Tiansuan Constellation satellites (BUPT-2, BUPT-3) with 200Gbps laser communication payloads and 6G space-based core network testing capabilities for 'Space-Earth Integrated Computing' vision.
- Hunan University of Science and TechnologystrategicJoint development of TY-33 satellite with remote sensing camera modules and novel platform technologies including thermal control achieving 0.5°C accuracy and 50% energy reduction.
- Xingcheng Huiyu (Beijing) Technology Co., Ltd.strategicDeveloped Xingcheng-II argon gas ion thruster (specific impulse up to 1600 seconds) for Honghu and BUPT satellites. Third in-orbit ignition test conducted on BUPT-2 mission.
- Shanghai Lanjian Hongqin Science and Technology Co., Ltd.strategicDeveloped xenon and krypton Hall effect thruster payloads for Honghu satellite's first Chinese cumulative 100-kilometer-level orbit control experiments and 3,000 hours of in-orbit ignition tests.
- ThrustMecoreCollaboration with French startup ThrustMe to demonstrate world's first iodine electric propulsion system (NPT30-I2) in space. Supported by European Space Agency. Flight mission validated iodine as next-generation propellant for satellite constellations.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Spacety competitors and assessment
Company assessmentDirect peers
- ICEYE: Finnish SAR satellite operator with a commercial smallsat SAR constellation. Directly competes with Spacety in commercial SAR data services and is the closest global benchmark for Spacety's C-band/X-band constellation model.
- Capella Space: US-based SAR satellite operator offering high-resolution all-weather imagery. Provides a direct like-for-like comparison on commercial SAR data services and smallsat constellation operations.
- Umbra: US-based SAR satellite company with very high-resolution imagery from a smallsat constellation. Comparable to Spacety's commercial SAR data offering and constellation operations.
- Synspective: Japanese SAR satellite company building a commercial SAR smallsat constellation for infrastructure monitoring. Highly comparable in target vertical (infrastructure deformation) and constellation economics.
Broad incumbents
- Chang Guang Satellite Technology: China's largest commercial remote-sensing satellite company (Jilin-1 constellation). Competes with Spacety in Chinese commercial Earth observation and SAR/imaging data services with state backing.
- Planet Labs: US-based public company operating a large Earth observation smallsat constellation. Comparable business model combining satellite-as-a-service and Data-as-a-Service across verticals.
- Satellogic: Public Earth observation company with a smallsat constellation offering sub-meter optical imagery. Comparable in DaaS business model and vertical customer base overlap.
Regional players
- Shanghai Aero-Space League (Orienspace / Galactic Energy): Chinese commercial launch providers. Spacety has launched multiple missions aboard Orienspace rockets (e.g., Gravity-1 carrying Tianyi-49). Compares as a regional launch/infrastructure partner in the Chinese commercial space ecosystem.
- 21AT (Twenty First Century Aerospace Technology): Chinese commercial Earth observation and SAR satellite company. Competes with Spacety in domestic China for SAR data customers and government Earth observation contracts.
Others
- ThrustMe: French electric propulsion startup that co-developed the NPT30-I2 iodine thruster flown on Spacety's BEIHANGKONGSHI-1. A technology partner and adjacent propulsion peer informing Spacety's propulsion strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Spacety social profiles
Digital presenceSpacety financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spacety leadership team
Management profileNumber of profiles
Profiles6 records
Spacety subsidiaries and ownership
Company hierarchySubsidiaries1 record
Spacety funding detail
Funding detailFunding overview
Funding rounds7 records
Investors18 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spacety M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spacety
What does Spacety do?
Spacety designs, builds, launches, and operates low-cost cubesat (6U, 12U) and smallsat (20-300kg) platforms and provides end-to-end satellite-based services. Its offerings include Satellite-as-a-Service (SataaS) for shared satellite platforms and flight opportunities, a C-band and X-band Synthetic Aperture Radar (SAR) constellation for all-weather Earth observation, and Satellite Data-as-a-Service (DaaS) delivering SAR imagery for commercial and government applications.
Is Spacety a public or private company?
Spacety is a private company. It is classified as venture growth investor backed and is currently operating.
When was Spacety founded?
Spacety was founded in 2015. It employs 51 to 100 people.
Where is Spacety based?
Spacety is headquartered in Esch-sur-alzette, Luxembourg, in the Europe region.
How does Spacety make money?
Four revenue lines are on record. Satellite-as-a-Service (SataaS) is the primary driver. The others are satellite Data-as-a-Service (DaaS), satellite Manufacturing and Sales and custom Satellite Development.
Who are Spacety's main competitors?
Direct peers on record are ICEYE, Capella Space, Umbra and Synspective. Broad incumbents are Chang Guang Satellite Technology, Planet Labs and Satellogic. Regional players are Shanghai Aero-Space League (Orienspace / Galactic Energy) and 21AT (Twenty First Century Aerospace Technology). ThrustMe is listed as an others.
Does Spacety have an API?
No public API is recorded for Spacety.
What industry is Spacety in?
Spacety's product category is Small Satellite Services. Its primary akta.pro industry code is IMABACAB, Spacecraft & Satellites (Civil/Commercial), with a secondary code of BPAMANAM, Satellite Imagery & Remote Sensing Geospatial Platforms. Its NAICS code is 336414 and its SIC code is 3760.