ICEYE, a global leader in cutting-edge space intelligence, celebrated the one-year anniversary of the opening of its facilities in Athens. The company’s operations in Greece place the country at the center of advanced satellite manufacturing in Europe.
ICEYE has established a comprehensive satellite production hub in Athens, with the goal of soon becoming another European location where satellites are built from the ground up. This is a strategic investment with a long-term vision and plan that significantly strengthens Greece’s position in the European space industry.
ICEYE’s presence in Greece began as early as 2024 with the establishment of ICEYE Hellas, and in its first full year of operation, the company successfully built and launched the first two Greek SAR microsatellites as part of the National Microsatellite Program.
In addition to meeting Greece’s domestic needs, ICEYE Hellas’ facilities—which house a full production line with satellite assembly, integration, and testing (AIT) capabilities—support broader European and global space missions.
In addition to serving as a production base of strategic importance, Greece is emerging as a hub for innovation and research with international reach in the space sector.
ICEYE’s strategic investment in Greece not only underscores the company’s confidence in the country’s scientific talent but has also created highly specialized jobs that attract both Greeks living abroad and international professionals. At the same time, ICEYE Hellas actively collaborates with the domestic technology ecosystem—including Greek universities, startups, and technology companies.
This momentum is bolstered by the recent Series F funding round of 1 billion euros, which values ICEYE at over 10 billion euros. This significant European investment will bolster both domestic production and research as well as ICEYE’s broader European operations.
Vasilis Haloulakos, CEO of ICEYE Hellas, stated: “Our efforts are yielding tangible and measurable results. We have launched two fully operational SAR satellites, which are already meeting Greece’s needs in critical areas of national security. We are expanding our footprint through increased local production and research to enhance the technological capabilities Greece needs.
We collaborate with Greek universities, startups, and more established companies. We are making substantial investments in talent, both domestically and by attracting talented Greeks to return to Greece. At the same time, we bring in executives from abroad to work for ICEYE in Athens and contribute their unique expertise. We’re not just talking about the Greek tech ecosystem—we’re building it, through the consistency of our projects.”