Welcome to our dedicated page for Satellogic news (Ticker: SATL), a resource for investors and traders seeking the latest updates and insights on Satellogic stock.
Satellogic Inc. (Symbol: SATL) is a leading provider of high-resolution satellite imagery catering to government and commercial clients worldwide. With operations spanning North America, Europe, Asia, and South America, Satellogic leverages its proprietary technology to deliver accurate and timely data for a variety of applications including agriculture, forestry, energy, and urban planning.
Founded with the vision to democratize access to space-based data, Satellogic has established strong partnerships, most notably with Tata Advanced Systems Limited. The company's recent achievements include launching multiple satellites to enhance its constellation, ensuring better global coverage and more frequent imaging capabilities.
Key Projects:
- New Satellite Launches: Continual expansion of their satellite fleet to provide high-quality imagery with improved revisit rates.
- Geospatial Analytics: Offering advanced analytics solutions to translate raw data into actionable insights for various sectors.
- Partnerships: Collaborations with leading aerospace and technology companies to integrate and enhance satellite data applications.
Financially, Satellogic derives a significant portion of its revenue from the Asia Pacific region, showcasing its strong market presence and demand in that geography. The company remains committed to innovation, expanding its product offerings, and maintaining its position as a key player in the satellite imagery industry.
Satellogic (NASDAQ: SATL), a pioneer in sub-meter resolution Earth Observation (EO) data collection, has announced its involvement in three key global industry conferences in May. The Geospatial World Forum will take place from May 2-5 in Rotterdam, Netherlands, where Solange Uwera will participate as a panelist. Following this, the Space Meetings Veneto will be held from May 15-17 in Venice, Italy, featuring presentations by CEO Emiliano Kargieman and VP of Supply Chain Alessandro Comune. Lastly, the GEOINT 2023 Symposium will occur from May 21-24 in St. Louis, Missouri, USA, where Satellogic will exhibit at Booth #226.
These events highlight Satellogic’s commitment to enhancing its presence within the geospatial industry.
Satellogic (NASDAQ: SATL) announced the launch of four additional satellites, expanding its fleet to 34 operational units. This deployment occurred during SpaceX's Transporter-7 mission from California on April 14, 2023. The NewSat Mark-IV satellites, equipped with multispectral cameras, will enhance high-resolution Earth Observation (EO) capabilities for commercial and governmental applications.
The company aims to achieve daily global remaps and plans to increase its satellite constellation to over 40 units this year. Satellogic has established a multiple launch agreement with SpaceX, allowing for a total of 68 satellites to be launched. The company also introduced a Space Systems program to facilitate satellite ownership, targeting a price under $10 million and a rapid operational timeframe of 8-3 months.
Satellogic Inc. (NASDAQ: SATL) has announced a partnership with SkyFi, enhancing access to their Earth Observation (EO) data. This collaboration allows customers to directly task Satellogic satellites via the SkyFi platform, promoting democratized access to high-resolution satellite imagery for both businesses and individuals. With 30 satellites currently in orbit, Satellogic aims to support critical global challenges such as climate change and food security. Future enhancements will enable priority tasking and expanded product offerings, reflecting the rising demand for affordable EO data solutions.
Satellogic (NASDAQ: SATL), a leader in Earth Observation data collection, has announced its participation in several significant industry conferences in March and April 2023. Key events include the Esri Partner Conference in Palm Springs (March 4-6), the GeoBuiz Summit in Monterey (March 6-8), SATELLITE 2023 in Washington, DC (March 13-16), the World Agri-Tech Innovation Summit in San Francisco (March 14-15), and CYSAT in Paris (April 26-27). The company aims to enhance data access and discuss strategic capabilities at these conferences, showcasing its advanced geospatial technology.
Satellogic (NASDAQ: SATL) has announced its participation in the 35th Annual ROTH Conference from March 12-14, 2023, at The Ritz Carlton, Laguna Niguel. Key executives, including Rick Dunn, Chief Financial Officer, and Ryan Driver, Vice President of Strategy and Corporate Development, will attend in-person. They will engage in one-on-one meetings to share insights on the Company's strategic initiatives and forthcoming milestones. The conference aims to foster discussions about Satellogic's mission, which focuses on democratizing access to geospatial data and enhancing Earth observation capabilities.
Satellogic (NASDAQ: SATL) announced its participation in several global industry conferences in January and February 2023, including the 15th European Space Conference in Brussels, SmallSat Symposium in Mountain View, CA, Global Space and Technology Convention in Singapore, SpaceCom 2023 in Orlando, FL, and MINEXCHANGE in Denver, CO. CEO Emiliano Kargieman will speak at key sessions to promote Earth Observation innovations. The conferences aim to enhance collaboration in the space sector and showcase Satellogic's advancements in geospatial data solutions.
Satellogic (NASDAQ: SATL) has successfully deployed four new satellites, increasing its operational fleet to 30. Launched via SpaceX from Cape Canaveral, this deployment includes the Albania-1 and Albania-2 satellites, supporting a three-year agreement with the Republic of Albania for monitoring applications. The newly deployed NewSat Mark V-B model features enhanced capabilities, including higher resolution and improved onboard systems. This expansion aligns with Satellogic's goal to offer comprehensive Earth observation services globally.
Satellogic (NASDAQ: SATL) announced strong growth in Asset Monitoring revenue, achieving a 35% CAGR through October 2022. The company has secured a multi-million-dollar deal with the Republic of Albania for its Constellation-as-a-Service (CaaS) offering. With $124 million in cash as of 1H 2022, Satellogic expects to end the year with $78 - $82 million while maintaining a debt-free business model. They have launched a new Space Systems line, providing satellite sales with rapid build-to-launch times. Full financial results for 1H 2022 will be released before year-end.
Satellogic (NASDAQ: SATL) has signed a letter of intent with Agencia Espacial Mexicana to develop a Constellation-as-a-Service program aimed at enhancing Mexico's geospatial data capabilities. The agreement covers monitoring approximately 2 million square kilometers with high-resolution multispectral imagery up to three times a year. This initiative is designed to support various sectors including defense, agriculture, and maritime security, reflecting Satellogic's strategy to provide cost-effective Earth Observation solutions. The program also encompasses a pilot project utilizing archived imagery.
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