In the past two decades, a silent revolution has taken place in the space domain, leading to what today is known as “New Space.” We have passed from a selected group of countries, space agencies, and big industries building, launching, and operating satellites and other spacecrafts, of a scenario in which many universities and research institutes can do it. The key of this was the definition of the “CubeSat” standard, back to 1999. In 2013, it all took off on the commercial Earth Observation sector with the first launches from two companies that are now running 100+ CubeSat constellations for optical imaging or weather prediction, with very low revisit times. Today, the same revolution is taking place in the fields of Telecommunications, and Astronomical Scientific missions. In this chapter, the evolution of the space sector is briefly revised until the arrival of the CubeSats. Then, the CubeSat intrinsic limitations are discussed as they are key to understand the development and current situation of the CubeSat sector. NASA and ESA strategies are also presented. The chapter concludes with a summary of the technology roadmap to enable the next generation of CubeSat-based missions, including satellite constellations or federations, formation flying, synthetic apertures…

This work has been supported by an ICREA Acadèmia award from the Generalitat de Catalunya to Prof. A. Camps. The author wants to express his gratitude to Profs. A. Golkar (Skoltech, Moscow, Russia) and H. Park (Universitat Politècnica de Catalunya, Barcelona, Spain) for the revision of this chapter and useful comments.

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