NYSE:MAXR 7 June 2025 - 20 June 2025

Imagine peering down at Earth through thick clouds or the dead of night and still seeing clear images of the surface. Traditional optical satellites are blind in such conditions – in fact, at any given moment about 75% of the planet is obscured either by cloud cover or darkness, making it inaccessible to optical imaging mckinsey.com. Enter Synthetic Aperture Radar imaging satellites – the ultimate "sky scanners" that illuminate the Earth with their own radar vision. SAR satellites are redefining Earth observation by providing 24/7, all-weather eyes on the planet capellaspace.com. From tracking storms through cloud cover to monitoring ground shifts in total darkness, SAR technology is unlocking insights impossible for ordinary cameras. In this report, we explore what SAR is and how it works, the advantages of radar imaging over traditional optics, and the myriad applications that benefit from SAR’s unique capabilities. We will also survey key SAR satellite missions, highlight the major players driving SAR innovation, examine current trends like miniaturization and constellations, discuss the challenges of interpreting radar imagery, and peek into the future of SAR – including the rise of smallSAR constellations and AI-powered image analysis. By the end, it will be clear how SAR imaging