It's the first of three weather watchers to be launched into orbit in the next seven years, costing a whopping 1.3bn euros (£831m).
As well as keeping an eye on the weather, the MSG-1 will also check out what's happening to the planet over time, giving us much more info on global warming.
The launch of the satelllite was supposed to have happened earlier in the week, but there was a problem with the rocket carrying into orbit.