A new generation of commercial satellites like IKONOS, SPOT-5 and OrbView-3,4 will have improved features, especially an higher geometric resolution with a better dynamic radiometric range. In addition high precision orbital position and attitude data will be provided by the on-board GPS receivers, IMU(Inertial Measurement Units) and star trackers. This additional information allows for reducing the number of ground control points. Furthermore this information enables direct georeferencing of imagery without ground control points. In our work mathematical models for calculating the satellite orbital parameters of SPOT-3 and KOMPSAT-1 were developed and can be easily extended to process images from other high resolution imaging systems as they become available.