Synspective

Executive Summary

Synspective is a Tokyo-based company that runs a network of special radar satellites designed to take pictures of Earth very often. It makes 40 million dollars in yearly sales by handling every step itself, from making the hardware to selling data directly to customers. The business is currently worth 500 million dollars and has six satellites flying in space right now. It is trying to win customers in a 15 billion dollar map and data market by offering very clear pictures and using computer software to understand the images. Although the company lost 20 million dollars last year because it spent so much on building new equipment, it has solid contracts with governments to watch for disasters and check on construction projects. This public stock offering is a big moment for space technology in Japan as the company tries to move from testing to selling to more businesses. Future success depends on using its own factory to sell products in the fast-growing Asia-Pacific region while trying to lose less money on daily operations.