The present invention is directed to a small, lightweight artificial satellite with edge computing capabilities. The artificial satellite is configured to perform onboard georectification and generation of analytics-ready data products. The artificial satellite includes at least one sensor operable to capture hyperspectral, multispectral, and/or video image data, and an onboard processor including at least one payload processor. The payload processor is operable to perform georectification and/or position rectification of image data using one or more onboard reference images, vector maps, positional data, and/or inter-satellite information, such that the image data is spatially accurate prior to transmission.