Space companies in Finland

Finnish space companies are concentrated in small satellites and the data they produce. ICEYE operates the world's largest radar-imaging satellite constellation, and newer companies work on hyperspectral imaging, satellite platforms, propulsion and navigation.

Scaled 1

International revenue over EUR 20M and not declining.

• 
  ICEYE

  Espoo · founded 2014 · 🦄 Unicorn

  World's largest SAR satellite constellation (radar imaging in any weather). Finland's third decacorn: valued at €10.5B in the 6/2026 Series F, up from €2.4B six months earlier.

In market 4

Product is being sold.

• 
  Aurora Propulsion Technologies

  Espoo · founded 2018

  Small-satellite propulsion and deorbiting — orbital debris management.

• 
  Kuva Space

  Espoo · founded 2016

  Hyperspectral microsatellites + AI (climate, food security). Formerly Reaktor Space Lab.

• 
  NorthBase

  Tampere · founded 2019

  Ground Station as a Service (GSaaS) and antenna hosting for satellites. 100% Finnish-owned. ESA BIC.

• 
  ReOrbit

  Helsinki · founded 2020

  Autonomous, reconfigurable satellite platforms (gov/defence). €45M Series A (2025).

Pre-revenue 5

No sales yet.

• 
  Aavuus

  Espoo · founded 2024

  Laser technology for detecting and tracking space debris (~1 cm); ground-station network.

• 
  ColdXray

  Outokumpu · founded 2024

  Graphene-based cold X-ray source — imaging, security scanning, space propulsion.

• 
  Polar Orbital

  Helsinki · founded 2023

  Satellite ground-station systems as Earth-observation infrastructure. ESA BIC cohort.

• 
  SharpNav

  Tikkakoski · founded 2024

  LEO-PNT constellation for jamming-resistant positioning (works in GPS-denied conditions).

• 
  Zero Gravity

  Espoo · founded 2018

  Earth observation: satellite-image analytics (UrbanAI) + thermal-IR payloads for CubeSats (>100× thermal-imaging resolution). €550K ESA Phi-Lab + CASSINI.

Research projects (pre-company) 1

University and VTT commercialisation projects — no legal entity or funding round yet. Not a complete national list.

• D
  DIAMANT

  Aalto · Espoo

  Lightweight, foldable membrane antenna for small satellites (meta-surface leaky-wave). Aalto R2B.

Other sectors

How this list was made

Every company is checked by hand against the trade register and its own material, and placed in the one sector that best describes its business or technology. Service firms and consultancies are left out. The full rules are on the landscape ↗