World's largest commercial SAR satellite constellation for persistent Earth observation.
ICEYE operates the world's largest commercial synthetic aperture radar (SAR) satellite constellation, providing all-weather, day-and-night Earth observation for defense, intelligence, insurance, and disaster response. Founded 2014 in Espoo as a spin-out from Aalto University. Doubled revenue in 2025 to €250M+ with €100M+ profitability and a €1.5B backlog. Closed a €150M growth round + €50M secondary at a €2.4B valuation in December 2025.
Space📍 Espoo, FinlandFounded 2014
Current Valuation
$2.5B
as of 2025-Q4
UNICORN
QL Price
$2.5B
0% vs last round
QuantLogix's current estimate for ICEYE, published 2026-10-07 — in line with the last disclosed round of $2.5B (2025-Q4).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$2.5B
2025-Q4
weight 0.59
Secondary market print
$2.5B
2026-06-27
weight 0.54
How this price has held up
No round has priced for ICEYE since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, ICEYE, 2026-10-07 (0757fc076b9d8a46).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is ICEYE going public?
No. ICEYE is private and has not filed to go public. There is no S-1 on file.
What is ICEYE's valuation in 2026?
ICEYE is valued at $2.5B as of 2025-Q4, set by its Series E ($158M, Dec 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
ICEYE has raised $686M in total, most recently a Series E of $158M in Dec 2025.
Is ICEYE publicly traded — can you buy ICEYE stock?
No. ICEYE is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for ICEYE on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Rafal Modrzewski
Founded
2014
HQ
Espoo, Finland
Total Raised
$686M
Est. Revenue
$275M (2025)
Growth
~2x YoY (2025 vs 2024)
Last Round
Series E — $158M (Dec 2025)
IPO Status
private
Fundraising Status
Series E · $158M · 10 mo ago
privateTotal raised $686M
Secondary Market
Implied price / share
$51.45
Open interest
4
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series E
$158M
Dec 2025
—
—
Vertical Intelligence — Defense / Aerospace
Federal awards
12
prime contracts, last 36 months
Obligated
$12M
top: National Aeronautics and Space Administration
Largest award
$4M
Department of Homeland Security
Latest award
2026-09-30
Largest award: THE VENDOR WILL BE IN SUPPORT OF THE RESPONSE DIRECTORATE FOR SYNTHETIC APERTURE RADAR SATELLITE ANNUAL SUBSCRIPTION (70FA3026C00000003)
Name-verified against recipient "ICEYE NORTH AMERICA INC." on USASpending.gov as of 2026-10-04. Prime awards only — subcontracts and classified work are not visible in the public registry. Verify on USASpending.gov ↗
Talent Signal
Hiring trend
▶ Hiring steady
+6% vs 2026-08
Open roles
186
via ashby
Product-build share
65%
engineering, research, product, design
Trajectory
strengthening
heavy product build — 65% of open roles are product-building functions (engineering/research/product) — 64 of 186 open roles are engineering.
Recent senior hire: 1 senior hire (CEO).
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Key Executive Moves
INAnn StevensCEO · 2026-09-12
From trusted-source news extraction (deep-enrich pipeline); dates approximate publication, not effective date.
Counted from ICEYE's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.