There are tremendous advances occurring in the satellite industry including the launch of shoe-box sized satellites and the development of hyperspectral sensors that provide spectral footprints of both visible and non-visible occurrences. These advances have led to new developments and strategies in the earth observation market and are contributing to the emergence of a new Space Economy. Justin Oliveira, CEO of Analytical Space explains how Small Sats, hyperspectral imaging and the use of optical networks are revolutionizing many aspects of the traditional satellite industry. Justin provides his insights on public – private partnerships and how decreases in cost of entry are changing current business models and driving innovation and growth.