Insight

Identifying People in Space... Satrec Initiative's VVHR Satellite Launch Imminent

 

0.3m Class Satellite to Enter Orbit Next Month

February 11, 2025

With the launch of its 0.3m class VVHR satellite approaching next month, Satrec Initiative is expecting performance improvements based on the expansion of its satellite imagery service business. Satrec Initiative is the only company in South Korea with a history of exporting satellite systems and was acquired by Hanwha Group in 2021. It currently plays a key role in the group's space business under the organization 'Space Hub,' alongside Hanwha Aerospace and Hanwha Systems. 

According to industry sources on the 11th, Satrec Initiative is set to launch its self-developed optical satellite, SpaceEye-T, into orbit next month using a SpaceX launch vehicle. SpaceEye-T is a 0.3m class commercial Earth observation satellite developed in collaboration with Space Hub. The resolution of the satellite being 0.3m means that it can recognize an area of 30cm by 30cm on the ground as a single pixel. The lower this number, the clearer the image quality of the satellite.

A prototype of a 0.3m resolution commercial satellite SpaceEye-T developed by Satrec Initiative / Provided by Satrec Initiative

The 0.3m class optical satellite technology is at a level that only a few satellite powerhouses, such as the United States, France, and Israel, possess, allowing for the identification of individuals on the Earth's surface from space. While satellites with superior performance are currently used for military purposes, it is reported that there are fewer than ten satellites in use in the civilian sector.

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Satrec Initiative's subsidiary, SIIS, is currently exporting satellite imagery to about 160 countries through the sales rights of the multi-purpose practical satellites (KOMPSAT) 2, 3, 3A, and 5, which are being developed and operated by the South Korean government. There are expectations that new demand will arise once SpaceEye-T is in orbit.

Photographing Ferrari World in the United Arab Emirates with a 0.3m (30cm) resolution observation satellite / Provided by Satrec Initiative

Currently, the satellite imagery market is dominated by Maxar Technologies from the U.S. and Airbus from Europe, which together account for 42% of the total market and generate annual revenues in the billions of won. While the satellite resolution of these companies is comparable to that of SpaceEye-T, it is reported that the product price of SpaceEye-T is about one-third lower than that of these competitors.

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Source : © Satrec Initiative, © Chosun Biz

"No Issues with Launch Plans"··· Satrec Initiative's VVHR Satellite Departing for Vandenberg

 

Moving to Vandenberg Space Force Base Launch Site for March Launch

"Expecting a New Milestone in the Space Industry"

February 1, 2025

With the launch of its 0.3m class VVHR satellite approaching next month, Satrec Initiative is anticipating performance improvements based on the expansion of its satellite imagery service business. Satrec Initiative is the only company in South Korea with a history of exporting satellite systems and was acquired by Hanwha Group in 2021. It currently plays a key role in the group's space business under the organization 'Space Hub,' alongside Hanwha Aerospace and Hanwha Systems.

"The SpaceEye-T, a self-developed VVHR Earth observation satellite by Satrec Initiative, has departed for the Vandenberg Space Force Base launch site. / Photo = Satrec Initiative”

On the 1st, Satrec Initiative (CEO Ee-Eul Kim) announced that its self-developed VVHR Earth observation satellite, SpaceEye-T, has departed for the launch site at Vandenberg Space Force Base in preparation for its launch in March.

SpaceEye-T is a 0.3m class VVHR Earth observation satellite with a 14km observation width and high maneuverability, expected to be utilized for environmental monitoring and other applications. The expected lifespan of SpaceEye-T is seven years.

After the launch of SpaceEye-T, satellite operations and data distribution will be managed by its subsidiary, SIIS (SI Imaging Services). Established in 2014 as a subsidiary of Satrec Initiative, SIIS provides satellite imagery for South Korea's multi-purpose practical satellites 3, 3A, and 5.

Satrec Initiative stated, "We will do our utmost to ensure the successful launch of SpaceEye-T, which is expected to become a new milestone in the space industry."

Founded by engineers who developed South Korea's first satellite in 1999, Satrec Initiative has contributed to the success of over 28 domestic and international space programs over the past 30 years.

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Source : © Satrec Initiative, © HelloDD