Axelspace Signs MoU with Geoimage and SI Analytics for Satellite Data Collaboration in Australia

Promoting AI-based data analysis and services for industry and government sectors.

Axelspace Corporation (“Axelspace”), which designs, manufactures and operates microsatellites, and conducts business to promote a society where space is accessible to people around the world, is pleased to announce the signing of a memorandum of understanding (MoU) with Geoimage Pty Ltd, a leading Australian satellite imagery and geospatial solutions provider and SI Analytics Co., Ltd., a provider of AI-based satellite imagery analysis solutions. The MoU outlines collaboration in the development and promotion of geospatial data products and services for the Australian market.

Since 1988, Geoimage has been an industry leader in remote sensing technologies, distinguished by its strong partnerships with leading providers and advanced image processing and analysis capabilities.

SI Analytics, founded in 2018, a Korea-based geospatial AI company specialising in satellite data analytics, Earth observation and defense intelligence solutions. Leveraging deep learning and space technology, SI Analytics develops advanced platforms that transform large scale satellite imagery-Geospatial Foundation Model into actionable insights for governments, enterprises, and research institutions.

Based on this MoU, three companies intend to cooperate on initiatives related to Earth observation data acquisition, AI-based analytics, and local service delivery. By leveraging the unique strengths and technological capabilities of each partner, they aim to accelerate the adoption of advanced geospatial solutions across industry and government sectors in Australia.

Axelspace operates Earth observation GRUS-1 microsatellite constellation, providing wide-area and high-frequency optical imagery. In 2026, next-generation Earth observation GRUS-3 seven satellites are scheduled for launch to further enhance revisit frequency and coverage capability. Axelspace has already made a products partnership agreement with Geoimage, and with the signing of this new tripartite memorandum, aims to further meet the needs of users in Australia and expand its presence in the market.

Mark Covington, CEO, Geoimage Pty Ltd, commented:

"It was fun to take part in a three-way handshake with our friends at Axelspace and SI Analytics, both are existing partners with us, who we admire and respect greatly. By coming together, we will be breaking new ground in EO, and that will be good for Australia".

Geoimage: https://www.geoimage.com.au/

Taegyun Jeon, Founder and CEO of SI Analytics, commented:

"Through this collaboration with Axelspace and Geoimage, we aim to accelerate the use of AI-powered geospatial intelligence across Australia. By integrating satellite data with our Geospatial Foundation Model, we can deliver more accurate and scalable insights for industry and government users. Leveraging the unique strengths of all three companies, we look forward to providing innovative and practical intelligence that supports critical decision-making in the region".

SI Analytics: https://si-analytics.ai/en/

Tatsuhiko Fukasawa, Head of AxelGlobe Business Division, Axelspace, commented:

"Axelspace’s mission is to make Earth observation more accessible and practical for people around the world. By collaborating with Geoimage and SI Analytics, we will combine high-quality imagery from the GRUS constellation with cutting-edge analytics and local information to develop Earth observation solutions tailored to the needs of customers in Australia. Together, the three companies will work to further expand the foundation for Earth observation data utilization in Australia".

About Axelspace

Guided by its vision—“Space within Your Reach”—Axelspace has been at the forefront of microsatellite innovation since its founding in 2008. Leveraging cutting-edge expertise in microsatellite design, manufacturing, and on-orbit operations, the company is redefining how people and industries access space. Its flagship businesses, AxelLiner, which provides satellite development and operation services to help customers realize their space missions, and AxelGlobe, which delivers Earth observation data through Axelspace’s proprietary optical satellite constellation, are driving a new era of space utilization. Through these initiatives, Axelspace is shaping a future where space is accessible and within reach for everyone.

Axelspace: https://www.axelspace.com/

Geoimage Pty Ltd
Head Office: Brisbane, Australia
CEO: Mark Covington
https://www.geoimage.com.au/