Global Head of Gov. Solutions @Iceye_Global - Working on Natural Disaster Resilience most days. Views my own
Park City, UT
Joined December 2014
- Tweets255
- Following422
- Followers169
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Andy Read retweeted
ICEYE and @Nokia announced today a partnership with The Ministry of Defence of Ukraine to develop sovereign satellite communications. ICEYE has supported Ukraine since 2022 and delivers sovereign space capability at speed. This builds on that.
Read more: hubs.li/Q04C3bj-0
Andy Read retweeted
Today, we continue our cooperation with Finland – and very substantively. We are working comprehensively with the Government of Finland – with Prime Minister @PetteriOrpo. Thank you for this cooperation and for this level of relations between our countries. We have a new support package for Ukraine from Finland – and, in addition, agreements that expand our opportunities for cooperation. Seven documents have been signed – the total value of today's agreements is €300 million.
We agreed to make greater use of Finland's satellite capabilities – this is important for our defense and Ukraine's resilience. We reached agreements on this with Nokia and ICEYE. Thank you for your readiness to support our logistics and energy sector – these are Russia's key targets right now. And having more locomotives, more energy equipment, and more funding to protect energy infrastructure will really help.
Andy Read retweeted
A must-read for U.S. #EmergencyResponders before the next flood hits. @Forbes breaks down the technological hurdles for accurate flood forecasting, observational flood analysis, and moving from decision support to decision making. hubs.li/Q04y9B370
Andy Read retweeted
We are proud to share that ICEYE has won Earth Observation Program of the Year at the 2026 Australian Space Awards. Read the full press release here: hubs.li/Q04mnf4D0 #EarthObservation #FloodResilience #AustralianSpaceAwards
Andy Read retweeted
Launch success! Communication established with 2 newly launched ICEYE satellites expanding sovereign missions for Poland and Portugal.
This marks our third launch of 2026, as we continue scaling the deployment of sovereign space capabilities at unprecedented speed and scale.
Andy Read retweeted
Protecting forests begins with clearly seeing what’s changing on the ground. ICEYE has partnered with @JaneGoodallInst to deploy its SAR-based #Deforestation Solution across the Congo Basin, delivering intelligence that cuts through cloud cover and canopy: hubs.li/Q04d0DdL0
Andy Read retweeted
🇫🇮Finnish satellite company Iceye revenue:
2024 $120m
2025 $250m
2027 target published today: $1,2 billion (Rheinmetall jv starting etc)
Closest public market peer $PL 🇺🇸 Planet:
2024 $220m
2025 $244m
2026 (est) $297m
2027 (est) $377m
Iceye is profitable, with positive cash flows. PL is heavily unprofitable.
Both sell satellite constellations / image data that are long term strategic assets for governments and companies.
PL faces more competition (more competition in optical sats than SAR sats) and Iceye is heavily skewed on "looser" and more stable government / defence contracts, which I'd guess is the main reason for the profitability difference.
Iceye latest round valued at $2,8b = 2,3 x 2027 target
Planet current valuation $8,5b = 23 x 2027 est
Sure PL likely overvalued currently. But still, thats a 10 x difference. And private markets do like to use public market peers as measuring stick (ofc only in case of discount).
Iceye starting to look cheap if the 2027 target is even at ball bark level. And not just by comparing to PL.
Iceye managed to achieve profitability in this high growth phase of 2025, so could assume at least pretty good economics/margins long term (tho we don't know yet exacts).
$SSIT 🇬🇧 Seraphim holds 39% of NAV in Iceye (and trading currently pretty much exactly at NAV).
SSIT did raise their NAV calculation of Iceye +34% in latest February release "using public‑market comparables", which already factors in some of that discount.
Andy Read retweeted
Deforestation is complex. Acting on it shouldn’t be.
Our new #Deforestation Solution 2-pager outlines how agencies and nonprofits can detect forest loss through clouds and smoke.
Download it now in English, Spanish or Portuguese. hubs.li/Q046nh0H0
Andy Read retweeted
Gen4 delivers a major boost in high-performance field of regard and revisit using 1200 MHz imaging. The example below illustrates the increase in field of regard from 150 km to 400 km with Dwell Precise imaging mode.
Learn more at hubs.li/Q03XFRNj0
Andy Read retweeted
All five satellites have established communication following SpaceX’s Transporter-15 launch.
They’ll support ICEYE's commercial constellation and national missions for Greece, Poland, and BAE Systems’ Azalea program.
Read more: hubs.li/Q03Wb2Dx0
Video: SpaceX
Andy Read retweeted
ICEYE's Gen4 is now commercially available, setting a new performance standard with up to 16 cm resolution and an expanded 400 km field of regard – resulting in the world's highest-fidelity SAR imagery.
Read more here: hubs.li/Q03Hg1Xg0
Andy Read retweeted
Former FEMA Administrator & President of @BrightHarborCo Pete Gaynor, and ICEYE VP of Government Solutions, @AndyRead22 share how smarter, faster tools can provide better situational awareness, protecting lives and municipal resources in @TheHill: hubs.li/Q03B7znl0
Andy Read retweeted
🌧️ 2025 has been a relentless year for flooding across #Australia — from the Queensland Coast flooding in January, Tropical Cyclone Alfred in March, and more, to the most recent inundation in Southeastern Australia in July.
Andy Read retweeted
“With the fires in Los Angeles, there was a massive data gap. Agencies couldn’t fly because of the persistent high winds and couldn’t see through the smoke or as the fires burned during the night," said @AndyRead22.
Read more: hubs.li/Q03fK8vg0
Andy Read retweeted
We delivered 2 flood extent and depth reports for Poland, utilizing imagery from ICEYE's SAR satellite fleet and auxiliary data. Our team continues to closely track the evolving situation in Austria, where we expect to release our initial flood analysis within the next 24 hours.
Andy Read retweeted
Federal, state, and local governments can now access ICEYE's disaster intelligence through @Esri's ArcGIS Marketplace. Integrate high-resolution flood & wildfire impact layers to support your community response, recovery, and resilience efforts: hubs.li/Q02sSW3m0.
Andy Read retweeted
Watch Falcon 9 launch 53 spacecraft to orbit teapaw.org/i/broadcasts/1RDxllLyV…
Andy Read retweeted
Less than an hour left before ICEYE’s third launch this year! 🚀
Share our excitement by watching @SpaceX's live stream with us: hubs.li/Q028zDQW0.
ICEYE expands its #SAR satellite constellation in orbit via @EXOLAUNCH.
Andy Read retweeted
The Federal Government of Australia have partnered @ICEYE to access near real-time flood and bushfire hazard data for all states and territories.
Using Esri tech, the Federal Government of Australia can deliver actionable insights during natural catastrophe events.
