Texas start-up Hypergiant has positioned itself as a player in the nascent satellite-based Earth observation market, set to be worth $54bn by 2029, after buying launch firm Satellite & Extraterrestrial Operations & Procedures. The company is also developing its own satellite constellation, which will include two satellites that are expected to fly on their own, and one with an additional satellite. Agriculture and defence are also expected to be major users of data gathered in space about Earth-based activities.
Texas start-up Hypergiant has positioned itself as a player in the nascent satellite-based Earth observation market, set to be worth $54bn by 2029, after buying launch firm Satellite & Extraterrestrial Operations & Procedures. The oil and gas industry is among those set to benefit from Hypergiant's technology, from pipeline monitoring to accelerating the exploration and discovery of new deposits. Agriculture and defence are also expected to be major users of data gathered in space about Earth-based activities.