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.
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Planet and Satellogic have plans to merge with SPACs in the same year to raise capital for their businesses.
Satellogic manufactures its own satellites and launches them with SpaceX and other launch partners.
Satellogic offers low-latency hyperspectral imagery that GeoTerraImage will use in its comprehensive agriculture offering.
Satellogic announced a SPAC deal that will raise $271,000,000 one day before Planet announced its SPAC deal.
The merger transaction to take Satellogic public is expected to be completed early in the fourth quarter of 2021, subject to regulatory approvals and other customary closing conditions.
Satellogic plans to build and launch a constellation of more than 300 satellites.
Satellogic plans to use its SPAC funding to deploy a full 300-satellite constellation.
Satellogic’s satellites have been built in a pilot plant in Uruguay and the company is scouting several locations in Europe for a high-throughput manufacturing facility to produce satellites at a much higher rate.
Satellogic expects to have 60 satellites operating in orbit by the beginning of 2023, enabling weekly remaps at 70-centimeter resolution of any point on the planet.
Each of the four new Satellogic spacecraft is equipped with sub-meter multispectral imaging, 25-meter hyperspectral capabilities, and 1-meter resolution full-motion video.
The Satellogic constellation deployment with SpaceX is expected to be completed by 2025.
Satellogic’s previous fleet included 13 commercial satellites in orbit equipped with the company’s three signature imaging modes.
Satellogic currently operates 13 imaging satellites that provide high-resolution and hyperspectral imagery.
Satellogic currently has 17 commercial satellites on orbit, including four satellites launched on 2021-06-30.
Satellogic plans to grow its constellation at roughly 100 satellites per year after reaching 60 operational satellites.
Satellogic launched four additional satellites on SpaceX’s Transporter-2 rideshare mission on 2021-06-30, and those satellites are expected to be operational in six to eight weeks.
Satellogic raised a $50,000,000 private funding round in December 2019.
Satellogic selected SpaceX as its preferred vendor for rideshare missions and began missions with SpaceX starting with the 2021-06-30 launch.
Satellogic projects it can provide imagery at a cost per square kilometer roughly 100 times cheaper than competitors such as Airbus, BlackSky, Maxar, and Planet.
Satellogic signed a multiple-launch agreement with SpaceX to deploy a full constellation of more than 300 satellites.