Earth Observation Companies Celebrate New Natural Disasters

SAN FRANCISCO — After a semester of declining stock prices and lethargic revenues, Earth Observation companies celebrate a new breadth of devastating natural disasters sweeping across the globe—which is already translating into new purchase orders—and has pumped up market caps, to great relief of founders and investors. “It is refreshing to see proper, massive floods, storms and tornadoes wreaking havoc worldwide. Our teams are very busy at the moment” stated Herb Hamilton, CEO of Galactix, an US-based Earth Observation company operating a constellation of proprietary hyperspectral sensors in LEO orbit. “This showcases the importance of timely, near real time satellite imagery to alleviate the lives of those suffering, such as insurance corporations” he added.