It is launching as a co-payload on a SpaceX rocket in 2019. This commercial telescope will have an image intensified ultraviolet and visible camera, and a 48 megapixel camera for visible and near-infrared imaging for astronomical and Earth observation purposes, available for use by customers around the world.

The Waypoint telescope will also provide 150 band hyper-spectral camera for Earth observation at 3 meter resolution for use in scientific and commercial applications.

SpaceFab's Waypoint telescope design provides twice the resolution of other satellite telescopes of equivalent size and weight by using extending optics. The telescope is launched with a standard 12U cubesat form factor, then the secondary optics assembly is extended when in orbit. This doubles the telescope focal length while cutting the size, weight, and launch cost in half compared to conventional satellite telescopes with similar resolution.