ELECNOR DEIMOS is a private Spanish company, part of the Elecnor industrial group, which owns and operates DEIMOS-1, the first Spanish Earth Observation satellite. DEIMOS-1, launched in 2009, is among the world leading sources of high resolution data. On June 19<sup>th</sup>, 2014 ELECNOR DEIMOS launched its second satellite, DEIMOS-2, which is a very-high resolution, agile satellite capable of providing 75-cm pan-sharpened imagery, with a 12kmwide swath. The DEIMOS-2 camera delivers multispectral imagery in 5 bands: Panchromatic, G, R, B and NIR. DEIMOS-2 is the first European satellite completely owned by private capital, which is capable of providing submetric multispectral imagery. The whole end-to-end DEIMOS-2 system is designed to provide a cost-effective, dependable and highly responsive service to cope with the increasing need of fast access to very-high resolution imagery. The same 24/7 commercial service which is now available for DEIMOS-1, including tasking, download, processing and delivery, will become available for DEIMOS-2 as well, as soon as the satellite enters into commercial operations, at the end of its in-orbit commissioning. The DEIMOS-2 satellite has been co-developed by ELECNOR DEIMOS and SATREC-I (South Korea), and it has been integrated and tested in the new ELECNOR DEIMOS Satellite Systems premises in Puertollano (Spain). The DEIMOS-2 ground segment, which includes four receiving/commanding ground stations in Spain, Sweden and Canada, has been completely developed in-house by ELECNOR DEIMOS, based on its Ground Segment for Earth Observation (gs4EO®) suite. In this paper we describe the main features of the DEIMOS-2 system, with emphasis on its initial operations and the quality of the initial imagery, and provide updated information on its mission status.