Synspective, a Japanese radar satellite operator, just announced it will post its first operating profit in 2026 after years of strategic losses. The company doubled its revenue in 2025 and expects to do it again this year, while quadrupling its EBITDA (earnings before interest, taxes, depreciation, and amortization). The secret? A massive contract with Japan's Defense Ministry for a satellite constellation launching revenue starting in April 2026.
Why this matters: Space-based radar satellites can see through clouds and darkness—perfect for disaster response, infrastructure monitoring, and national security. When companies like Synspective become profitable, they stop burning investor cash and start scaling. That means more satellites launching, faster innovation in Earth observation, and better real-time data for climate tracking, urban planning, and emergency response. Japan is betting heavily on indigenous space capability, and Synspective's turnaround signals that government-backed space ventures can actually work—a rare win in an industry littered with billion-dollar vaporware.





