We describe ways to define and calculate -norm signal subspaces that are less sensitive to outlying data than -calculated subspaces. We start with the computation of the maximum-projection principal component of a data matrix containing signal samples of dimension . We show that while the general problem is formally NP-hard in asymptotically large , , the case of engineering interest of fixed dimension and asymptotically large sample size is not. In particular, for the case where the sample size is less than the fixed dimension , we present in explicit form an optimal algorithm of computational cost . For the case , we present an optimal algorithm of complexity . We generalize to multiple -max-projection components and present an explicit optimal subspace calculation algorithm of complexity where is the desired number of principal components (subspace rank). We conclude with illustrations of -subspace signal processing in the fields of data dimensionality reduction, direction-of-arrival estimation, and image conditioning/restoration.