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.
Satellogic characterized the May 2024 layoffs as part of previously announced and ongoing efforts to reduce operational costs and control spending.
Satellogic had a cash balance of $23,500,000 at the end of 2023, down from $76,500,000 at the end of 2022.
Satellogic provides electro-optical Earth observation data to governments and corporations for decision-making.
Satellogic expects the new financing facility to provide funding to support expansion in 2024.
Satellogic will issue floating rate secured convertible promissory notes in the aggregate principal amount of $30,000,000 to Tether Investments Limited under the Note Purchase Agreement.
In connection with a change of control of Satellogic, including delisting of Satellogic’s Class A ordinary shares, the holder has the right to require the Borrower to repurchase the Secured Convertible Notes for cash at a price equal to the greater of 105% of the redemption value and 105% of the then-prevailing conversion value, plus accrued but unpaid interest and any other amounts owed (the Put Price).
The Secured Convertible Notes are convertible into Satellogic’s Class A ordinary shares at an initial conversion price of $1.20 per share equivalent (833 Class A Ordinary Shares per $1,000 principal amount), subject to customary anti-dilution adjustments.
If Satellogic effects an asset sale outside the ordinary course of business or an insurance or condemnation event results in net proceeds to Satellogic in excess of $2 million, the Borrower must offer to prepay the Secured Convertible Notes up to the amount of the relevant proceeds at par unless such proceeds are used to purchase comparable assets within six months.
Tata Advanced Systems Limited and Satellogic signed a collaboration agreement in November 2023 to develop and integrate an advanced Earth observation satellite in India.
Satellogic provided industry knowledge transfer, foundational components, intellectual property licensing terms, and support to construct an AIT facility in India as part of its Space Systems offering.
Tata Advanced Systems and Satellogic signed a collaboration in November 2023 to develop and integrate an advanced Earth observation satellite in India.
Uruguay has hosted the headquarters of Satellogic, a company developing a constellation of Earth observation satellites.
Tata Advanced Systems Limited (TASL) and Satellogic Inc. are collaborating to establish and develop local space technology capabilities in India.
Satellogic designed and manufactured a state-of-the-art Earth observation satellite that is planned to launch as UzmaSAT-1 in the second half of 2024 aboard a SpaceX Falcon 9 rocket.
Tata Advanced Systems Limited (TASL) and Satellogic Inc. are collaborating to establish and develop local space technology capabilities in India.
Tata Advanced Systems Limited and Satellogic are collaborating to establish and develop local space technology capabilities in India.
Tata Advanced Systems Limited and Satellogic are collaborating to establish and develop local space technology capabilities in India.
Satellogic went public via a SPAC merger in January 2022 that provided $262,000,000 in gross proceeds.
Satellogic has built and operated Earth observation satellites equipped with optical and multispectral sensors since its founding.
Satellogic’s planned U.S. business realignment includes redomiciling the company from the British Virgin Islands to Delaware by the first half of 2024.