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) 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.
Satellogic (NASDAQ: SATL) has announced a teaming agreement with Geollect, enhancing maritime domain awareness capabilities through high-resolution satellite imagery and geospatial analytics. This collaboration will leverage Satellogic's imagery collection and processing, enabling near real-time asset tracking for government and commercial sectors.
CEO Emiliano Kargieman emphasized the partnership's alignment with their strategy of working with top organizations to enhance the impact of Earth Observation. This initiative aims to provide critical insights for enhancing security and operational decision-making.
Orbital Insight has announced a partnership with Satellogic (NASDAQ: SATL) to integrate high-resolution satellite imagery and full-motion video into its geospatial intelligence platform. This collaboration aims to enhance data accessibility, improve revisit rates, and reduce analytics costs for customers. Satellogic, which operates 22 satellites and plans to expand its fleet significantly, will provide superior Earth observation data. The partnership is expected to enable more granular insights for users, allowing quicker and more informed decision-making.
Satellogic Inc. (NASDAQ: SATL), a leader in satellite imagery collection, will showcase a NewSat satellite model at GEOINT 2022 Symposium from April 24-27, 2022, in Aurora, Colorado. The company aims to democratize access to high-resolution geospatial data and enhance its Earth Observation platform. With a current constellation of 22 satellites and plans to expand to over 200 by 2025, Satellogic is committed to providing affordable solutions to tackle global challenges such as climate change and food security.
Satellogic (NASDAQ: SATL) has announced the successful launch of five new satellites, expanding its fleet to 22 satellites. The satellites were sent to a sun-synchronous orbit via SpaceX's Transporter-4 mission on April 1, 2022. This launch includes the new Mark V model with enhanced features. With plans to launch an additional 12 satellites in 2022, the company aims to advance its goal of providing affordable Earth observation data to address global challenges such as climate change and security risks.
Satellogic (NASDAQ:SATL) has announced a collaboration with the Halifax International Security Forum to provide Ukraine with enhanced satellite imagery capabilities through a Dedicated Satellite Constellation (DSC). This initiative enables the Ukrainian government to gain direct control over satellite imagery, allowing for improved monitoring of military movements and critical infrastructure. The DSC will enhance Ukraine's ability to capture high-resolution images daily. HFX has initiated a $10 million fundraising campaign to support this initiative, aimed at providing vital intelligence for national security.
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