The CubeSat standard was created by California Polytechnic State University, San Luis Obispo and Stanford University's Space Systems Development Lab in 1999 to facilitate access to space for university students. Since then the standard has been adopted by hundreds of organizations worldwide. CubeSat developers include not only universities and educational institutions, but also private firms and government organizations.

The CubeSat standard facilitates frequent and affordable access to space with launch opportunities available on most launch vehicles.