As the role of missions and experiments carried out in outer space becomes more and more essential in our understanding of many earthly problems, such as resource management, environmental problems, and disaster management, as well as space science questions, thanks to their lower cost and faster development process CubeSats can benefit humanity and therefore, young scientists and engineers have been motivated to research and develop new CubeSat missions. Not very long after their inception, CubeSats have evolved to become accepted platforms for scientific and commercial applications. The last couple of years showed that they are a feasible tool for conducting scientific experiments, not only in the Earth orbit but also in the interplanetary space. For many countries, a CubeSat mission could prompt the community and young teams around the world to build the national capacity to launch and operate national space missions. This paper presents an overview of the key scientific and engineering gateways opened up to the younger scientific community by the advent and adaptation of new technology into CubeSat missions. The role of cooperation and the opportunities for capacity-building and education are also explored. Thus, the present article also aims to provide useful recommendations to scientists, early-career researchers, engineers, students, and anyone who intends to explore the potential and opportunities offered by CubeSats and CubeSats-based missions.