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 leader in Earth Observation (EO) data, announced participation in two major events: the World Satellite Business Week from September 12-16, and the International Astronautical Congress from September 18-22, both in Paris, France. The company's CCO, Matt Tirman, emphasized their goal to democratize EO data and expand their satellite constellation for daily remapping of Earth. CEO Emiliano Kargieman will engage in a fireside chat at the World Satellite Business Week, showcasing Satellogic's commitment to high-resolution geospatial insights.
Satellogic (NASDAQ: SATL) will participate in the Jefferies Industrials Conference in New York City from August 9-10, 2022. The company’s EVP & GM Global Public Sector, Matt Tirman, will host a Fireside Chat on August 10 at 9:30 AM ET. This session will be available for live viewing and replay on the company’s investor relations site. Satellogic aims to democratize access to geospatial data, providing affordable Earth Observation solutions to address global challenges.
Satellogic (NASDAQ: SATL) has been named a finalist for the Company Award 2022 by the European Association of Remote Sensing Companies (EARSC) for its contributions to the Earth Observation (EO) sector in Europe. The award will be presented on June 14, 2022, at the EXPANDEO & FIRE Forum 2022 in Brussels. CEO Emiliano Kargieman expressed honor at the nomination, highlighting the company's efforts to democratize EO data and its expansion from 26 to 34 satellites by Q1 2023. Satellogic is also involved in various European initiatives, emphasizing its commitment to environmental monitoring and disaster response.
Satellogic Inc. (NASDAQ: SATL) has successfully launched four new satellites, increasing its operational fleet to 26. This launch, part of SpaceX's Transporter-5 mission, positions the company towards its goal of 34 satellites by Q1 2023. These updated NewSats Mark IV models offer enhanced efficiency and capabilities. By the end of 2023, Satellogic aims to deploy over 60 satellites, enabling weekly remaps of the Earth. The long-term plan is to have over 200 satellites by 2025, achieving daily remaps and extensive revisit capability.
Satellogic (NASDAQ: SATL) will participate in the Baird 2022 Global Consumer, Technology & Services Conference in New York City from June 6-8, 2022, and the LD Micro Invitational XII Conference in Westlake Village, CA from June 7-9, 2022. EVP & GM Matt Tirman will hold one-on-one meetings and a Fireside Chat on June 8 at 12:50 PM ET. CFO Rick Dunn and VP Ryan Driver will present at the LD Micro Invitational on June 7 at 5:30 PM ET. Both presentations will be accessible via live webcast. Interested parties can schedule meetings by contacting Satellogic management.
Satellogic (NASDAQ: SATL) has announced its expansion into the Australian market, enhancing regional customer relationships and support for the growing APAC space economy. This initiative will be led by Ken Fritschel, Vice President of International Sales. The company operates 22 high-resolution satellites and aims to increase its constellation to 34 by Q1 2023 and over 200 by 2025, enabling daily remaps of the Earth. Additionally, Satellogic has secured a Multiple Launch Agreement with SpaceX for 68 new satellites, ensuring efficient deployment and technological advancement.
Satellogic (NASDAQ: SATL) will participate in key industry conferences in May 2022, including the Geospatial World Forum in Amsterdam, GLEC 2022 in Quito, Locate 2022 in Canberra, and the ESA Living Planet Symposium in Bonn. The company's leadership will engage in panels and discussions on Earth Observation data and its mission to democratize access to geospatial data. Notably, Satellogic plans to remap the Earth daily by 2025, emphasizing its commitment to addressing global challenges like climate change and food security.
Satellogic Inc. (NASDAQ: SATL) will participate in two investor conferences in May 2022: the 17th Annual Needham Technology & Media Conference from May 16-19 in New York and virtually, and the Morgan Stanley European Space Summit on May 17 virtually. CEO Emiliano Kargieman will present on May 16 and participate in a panel on May 17 discussing data opportunities in the sector. The company focuses on democratizing access to geospatial data, aiming to tackle significant global challenges.
Satellogic (NASDAQ: SATL) announced a new Multiple Launch Agreement with SpaceX, securing launch capacity for 68 additional satellites. This partnership aims to enable weekly remapping of Earth’s surface and up to 40 revisits daily to key locations, enhancing commercial and governmental data accessibility. With the recent launch of five satellites, Satellogic operates 22 high-resolution satellites and plans to grow its constellation to over 200 by 2025. This vertical integration reduces costs and improves data quality, positioning the company as a leader in Earth Observation.
Satellogic (NASDAQ: SATL) announced significant growth in its satellite fleet to 22 and plans to launch up to 12 more by the end of 2022. Following its business combination with CF Acquisition Corp. V, the company raised approximately $262 million, enhancing its cash balance by $168 million. The firm is constructing a manufacturing facility in the Netherlands, expected to produce 25 satellites quarterly by Q3 2023. Despite a net loss of $117.7 million for 2021, Satellogic aims for positive cash flow by 2024, supported by a growing sales pipeline in government and defense sectors.
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