Satellogic is a vertically integrated Earth Observation (EO) company that designs, manufactures, and operates its own constellation of satellites. They provide high-resolution imagery and full-motion video data, with frequent revisits, for various applications across industrial, environmental, and governmental sectors. Satellogic partners with organizations like NASA, Maxar, Ursa Space, and SkyFi, and aims to democratize access to geospatial analytics.
All verified mentions of this organization in source documents.
The deployment includes the Albania-1 and Albania-2 satellites that will support the Republic of Albania under a three-year constellation-as-a-service agreement with Satellogic.
The fourth launched spacecraft is Satellogic’s NewSat Mark V-B model carrying a new iteration of a multispectral and hyperspectral camera designed for longer captures with higher resolution.
Satellogic expects to launch up to 21 satellites to its constellation in 2023.
A multiple launch agreement signed between Satellogic and SpaceX in 2022-04-01 reserves launch capacity for Satellogic’s next 68 satellites.
Satellogic deployed four satellites launched with SpaceX from Cape Canaveral Space Force Station as rideshare members of the Transporter-6 mission.
Satellogic now projects $30–50 million in revenues for 2023 and $140–200 million in revenues for 2025.
Some of the 10 satellites Satellogic launched in October 2020 could be retired by the end of 2023 as they reach the end of their three-year design life.
Satellogic projected revenues of $6–8 million for all of 2022 and an adjusted EBITDA loss of $55–60 million.
Satellogic has a three-year, $6,000,000 agreement with the government of Albania that includes naming two NewSat satellites launching on Transporter-6 as Albania-1 and Albania-2.
Satellogic signed a contract with SpaceX in May 2022 to launch 68 satellites on an unspecified number of launches.
In November 2021, Satellogic projected revenue of $47,000,000 for 2022 and an adjusted EBITDA loss of $2,000,000 as part of its SPAC merger materials.
Satellogic laid off 18% of its workforce in the third quarter, reducing its staff to about 380 people.
Satellogic raised $168,000,000 when its SPAC merger closed in January 2022 and projected having $78–82 million of cash on hand at the end of 2022.
Satellogic expected to launch 18 to 21 satellites in 2023 to achieve mapping of the Earth every two weeks.
Satellogic’s existing factory in Uruguay can produce 24 satellites a year.
Satellogic delayed completion of a new high-throughput satellite manufacturing facility in the Netherlands that was planned to open in 2022.
Satellogic announced a letter of intent with the Mexican space agency AEM for a constellation-as-a-service agreement on 2022-12-13.
Satellogic projects an adjusted EBITDA loss of $20–35 million in 2023, breakeven in 2024, and positive adjusted EBITDA of $35–90 million in 2025.
Satellogic will end 2023 with no more than 47 satellites instead of the 111 satellites projected in November 2021.
Satellogic recorded $2,400,000 in revenue in the first half of 2022 primarily from two unnamed customers.