The satellite imagery industry is experiencing rapid growth and transformation with significant developments in data availability, resolution, machine learning, and cloud-native architecture. Hundreds of civilian imaging satellites now produce vast amounts of data, challenging the capacity of even large populations to analyze it. Emerging providers are enhancing image resolution, making satellite systems competitive with aerial systems in developed regions and improving services in less accessible areas. Machine learning advancements have bolstered automated data interpretation, allowing for innovative applications in areas like post-disaster assessments and agricultural yield predictions. Additionally, Earth Observation technologies are being deployed in conflict zones, such as Ukraine, to assess infrastructure damage and track movements. The shift to cloud-native architectures is revolutionizing data management, with new formats like Cloud-optimized GeoTIFFs and tools like pgSTAC enhancing the organization and sharing of satellite data. The increasing use of 3D and digital twin technologies is also notable, offering new possibilities in simulation and data extraction. These trends indicate a dynamic future for the satellite industry, with ongoing developments expected to impact various sectors in 2023.