Shares of GeoEye Inc. tumbled 19 percent Thursday after the Dulles-based company disclosed that engineers had detected an "irregularity" in the equipment of its satellite GeoEye-1. In a filing with the Securities and Exchange Commission Wednesday, GeoEye said that engineers had discovered the problem Friday, December 11 and that the problem involved equipment used to point the antenna that transmits imagery to receiving stations on the ground. Read more
Since the early 1960s, super powerful spy satellites have been the stuff of the military and intelligence communities. Now two U.S. companies have launched commercial imaging satellites that offer the same sort of space-based images of the Earth to the public. One of these companies, GeoEye of Dulles, Va., launched a multi-million dollar satellite last year, and it's the highest-resolution commercial imaging satellite in the world. From its vantage point of 425 miles in space, the 4,300-pound GeoEye-1 satellite orbits the Earth and focuses its powerful lens on the surface below, snapping electronic images that can resolve objects on the ground as small as 41 cm across. That's approximately the size of home plate on a baseball diamond. These images are typically processed and sold to the military for mapping and to companies like Google, which makes them available to the public through its platform Google Earth. (Because of federal regulations, the publicly-available images are slightly lower resolution -- approximately 50 cm).
Researchers from Dulles, Va.-based GeoEye Systems Engineering will discuss the success of the worlds highest-resolution commercial imaging satellite that the company launched last year. The session will also preview the satellite GeoEye-2, which is expected to be launched around 2012 and would have a ground resolution twice as fine as GeoEye-1.
Is GeoEye Poised to Take Off? Its time to start a large position in GeoEye Inc., or add to your position if it is less than 3/4 immediately. The provider of space based and aerial imagery is trading at a huge discount right now to its true value, and it wont be long before the market realizes this (as has already started happening once GeoEye bounced off of its lows last week). In addition, with upcoming catalysts, and insider buying, now is not the time to delay.
GeoEye have recently obtained images of the pirated Saudi tanker as it was anchored off the Somali coast. You can see a selection of images on their website.
A United Launch Alliance Delta II rocket body that was launched from the Vandenberg Air Force Base in California on the 6th September, 2008, for the GeoEye-1 Satellite mission, is predicted to re-enter the Earths atmosphere on the 21st October, 2008 @ 11:18 GMT ± 48 Hours
GeoEye, Inc., a premier provider of satellite, aerial and geospatial information, released today the first, colour half-meter ground resolution image taken from its GeoEye-1 satellite. The satellite has been undergoing calibration and check-out since it was launched on Sept. 6 from Vandenberg Air Force Base in Calif. The Company will begin selling GeoEye-1 imagery products later this autumn.
Satellite Captures First Image This bird's-eye view of Kutztown University in Pennsylvania was the first image ever seen by the GeoEye-1, the world's highest-resolution commercial satellite sponsored by Google, when it opened its camera door earlier this week.
The 4,300-pound satellite collected the image at noon EDT on October 7 while moving from the north pole to the south pole in a 423-mile-high orbit at 17,000 miles per hour, or 4.5 miles per second. The spacecraft can take photos at a resolution of up to 41 centimeters -- close enough to zoom in on the home plate of a baseball diamond, according to Mark Brender, GeoEye's vice president of communications and marketing.
Vandenberg AFB successfully launched a Delta II rocket from Space Launch Complex-2 at 11:51 a.m. today. The rocket carried the GeoEye-1 Satellite into a circular Sun-synchronous orbit where the satellite will begin its mission of collecting multispectral or colour images of the Earth for both government and commercial organisations.