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Aerospace & Defense Satellite Imagery Services sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Aerospace & Defense Satellite Imagery Services

1.1 - About Aerospace & Defense Satellite Imagery Services sector

Companies in the Aerospace & Defense Satellite Imagery Services category acquire, process, and deliver high-resolution earth observation data to government, defense, and maritime customers. They provide taskable optical, radar, and infrared imagery, along with secure delivery and analysis tools that turn pixels into geospatial intelligence. The value proposition centers on timely situational awareness, persistent monitoring, and mission-ready products that support surveillance, planning, and operational decision-making.

Offerings typically span taskable constellation access with priority collection, high-resolution optical and multispectral imagery, synthetic aperture radar for all-weather coverage, thermal/infrared products, orthorectification and tiling services, change detection and pattern-of-life analytics, vessel and object detection models, and secure delivery via APIs, cloud platforms, or air-gapped environments. Many providers add ground-station integration, SLAs for revisit and latency, archive search, area-of-interest monitoring, and on-demand mosaics, DEMs, and 3D terrain products.

Primary customers include defense and intelligence agencies, maritime security organizations, and aerospace primes. Outcomes delivered include faster targeting and mission planning, enhanced maritime domain awareness with reliable vessel detection, improved border and infrastructure monitoring, and reduced operational risk through timely, verified geospatial intelligence. These companies also help buyers meet compliance and data sovereignty needs by offering secure workflows, audited delivery, and controlled-access archives.

2. Buyers in the Aerospace & Defense Satellite Imagery Services sector

2.1 Top strategic acquirers of Aerospace & Defense Satellite Imagery Services companies

Planet Logo

Planet

HQ: United States Website
  • Description: Provider of a cloud-native Earth-observation data and analytics platform that delivers daily global satellite imagery, lets users process and analyze data via serverless tools, and offers self-service purchasing of monitoring packages, public imagery processing and high-resolution tasking services.
  • Key Products:
  • Daily Satellite Imagery: Provides near-real-time, multispectral images of Earth’s landmass every day, enabling users to monitor environmental and economic change at global scale
  • Single Order Tasking: Web-based service that lets customers order high-resolution satellite imagery for specific ad-hoc projects, completing the entire request and delivery process 100% online
  • PlanetScope Data: Near-daily, eight-band satellite dataset that, when combined with AI, supplies actionable agricultural insights such as precise crop identification and health assessment
  • AI-enabled Defense & Intelligence Solutions: Analytics layer applying artificial intelligence to Planet’s imagery to support defense customers, reflected in multi-year contracts with European and U.S. agencies for situational awareness.
  • Company type: Publicly traded
  • Employees: ●●●●●
  • Enterprise value: $●●●●m
  • Cash & ST investments: $●●●●m
  • EV/Revenue (NTM): ●●.●x
  • EV/EBITDA (NTM): ●●.●x
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2.2 - Strategic buyer groups for Aerospace & Defense Satellite Imagery Services sector

M&A buyer group 1: NewSpace

57 companies View group →
Description: Companies in the Aerospace NewSpace Satellite Infrastructure Solutions category design, build, and operate commercial spacecraft and satellite networks that deliver Earth observation data, global connectivity, and mission hardware. They provide standardized satellite platforms, imaging constellations, and ground operations that shorten time-to-orbit and expand coverage. Customers gain reliable imagery, secure communications, and turnkey payload integration backed by scalable manufacturing and mission services.
Thales

Thales

Website HQ: France
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of advanced technology, equipment and service solutions across aerospace, space, transportation, defence and security markets, supplying sophisticated onboard aviation systems, civil and military satellites, rail signalling and train control solutions, electronic warfare sensors, missile systems, secure mobile communications, encryption technology and command-and-control platforms.
  • Key Products:
  • FlytCare: Turnkey maintenance service supporting airline IFEC systems with customized spares, repairs, logistics and performance guarantees, ensuring seamless operations and high seat dispatch rates
  • Network Operations Center (NOC): 24/7 Network Operations Center monitors aircraft connectivity, uses LiveConnect for real-time issue detection, coordinates with satellite providers and engineers to rapidly restore committed service levels
  • Cybersecurity Operations Center (CSOC): Centralized Cybersecurity Operations Center delivers threat intelligence, dashboards, vulnerability management, log archiving and automated response, ensuring continuous detection, prevention and rapid mitigation of cyber incidents
  • Aircraft Technical Services (ATS): Aircraft Technical Services deliver on-wing line maintenance, system checks, cabin sweeps and performance planning to maximize ground time usage and minimize passenger disruption.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Aerospace & Defense Satellite Imagery Services sector

3.1 - Buyout funds in the Aerospace & Defense Satellite Imagery Services sector

Buyout Funds investing in Aerospace & Defense Satellite Imagery Services companies

51+ funds
Description: Buyout funds focused on Aerospace & Defense Satellite Imagery Services companies globally.

Advent International

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Aerospace & Defense Satellite Imagery Services
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Aerospace & Defense Satellite Imagery Services sector

Growth Equity Funds in Aerospace & Defense Satellite Imagery Services companies

41+ funds
Description: Growth equity funds focused on Aerospace & Defense Satellite Imagery Services companies globally.

Partech

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Aerospace & Defense Satellite Imagery Services
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Aerospace & Defense Satellite Imagery Services companies

4.2 - Public trading comparable groups for Aerospace & Defense Satellite Imagery Services sector

Valuation benchmark group 1: Space Infrastructure and Services Companies

12 companies View group →
Description: Public companies in this group design, manufacture, and operate satellites, launch vehicles, space robotics, and mission systems for civil, commercial, and defense applications. They monetize through program-based hardware sales, mission services, and long-term support contracts. They are grouped as trading comparables given shared exposure to space infrastructure demand, backlog-driven revenue visibility, high R&D and capex intensity, and similar mixed hardware–services margin profiles.
Airbus Group logo

Airbus Group

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of aerospace products, services, and solutions for the commercial aircraft, helicopter, defense, and space sectors, offering innovative designs and technology for a wide range of aviation operations.
  • Key Products:
  • Commercial Aircraft: Passenger and cargo aircraft for global airlines
  • Helicopters: Civil and military helicopters for various applications
  • Defense Products: Military aircraft, satellites, and defense systems
  • Space Products: Launch vehicles and space exploration systems
  • Maintenance and Upgrades: Comprehensive services for aircraft maintenance, training, and technology upgrades.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Aerospace & Defense Satellite Imagery Services sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Aerospace & Defense Satellite Imagery Services sector

Who are the top strategic acquirers of Aerospace & Defense Satellite Imagery Services companies?

Top strategic buyers in this sector include Planet, a provider of a cloud-native earth-observation data and analytics platform that delivers daily global satellite imagery, lets users process and analyze data via serverless tools, and offers self-service purchasing of monitoring packages, public imagery processing and high-resolution tasking services. .

Which buyer groups are most relevant for Aerospace & Defense Satellite Imagery Services companies?

Relevant strategic buyer groups similar to the Aerospace & Defense Satellite Imagery Services sector include NewSpace because they share similar customer segments and product capabilities.

Financial Investors in Aerospace & Defense Satellite Imagery Services sector

Which are the top PE firms investing in Aerospace & Defense Satellite Imagery Services companies?

Potential investors in the broader Aerospace & Defense Satellite Imagery Services space include Partech and Advent International.

Who are the top buyout funds acquiring Aerospace & Defense Satellite Imagery Services companies?

Active PE funds and buyout funds acquiring companies in the Aerospace & Defense Satellite Imagery Services space include Advent International.

Who are the top growth equity funds investing in Aerospace & Defense Satellite Imagery Services companies?

Growth funds investing in the broader Aerospace & Defense Satellite Imagery Services sector include Partech.

Valuation of Companies in Aerospace & Defense Satellite Imagery Services sector

Which are the key public companies that are relevant trading comps for Aerospace & Defense Satellite Imagery Services companies?

Key trading comparable groups include Airbus Group, a provider of aerospace products, services, and solutions for the commercial aircraft, helicopter, defense, and space sectors, offering innovative designs and technology for a wide range of aviation operations..

Which are the key trading comparable groups for Aerospace & Defense Satellite Imagery Services companies?

Similar trading comparable companies include Space Infrastructure and Services Companies. Our platform tracks detailed trading comparable groups in the Aerospace & Defense Satellite Imagery Services sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Aerospace & Defense Satellite Imagery Services sector?

Our platform tracks M&A transactions in the Aerospace & Defense Satellite Imagery Services sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Aerospace & Defense Satellite Imagery Services?

Access recent funding rounds in the Aerospace & Defense Satellite Imagery Services sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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