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Satellogic plans to launch additional satellites each quarter with the goal of growing its constellation to over 200 satellites by 2025.
Satellogic recently launched five additional spacecraft that were delivered to sun-synchronous orbit on SpaceX’s Transporter-4 mission aboard a Falcon 9 rocket.
Satellogic Inc. signed a new Multiple Launch Agreement with SpaceX reserving launch capacity for 68 satellites.
The SPAC merger provided Satellogic with $168,000,000 in proceeds.
Satellogic flew five satellites on the Transporter-4 mission that launched 2022-04-01.
When announcing its SPAC merger in July 2021, Satellogic projected 2021 revenues of $7,000,000 and adjusted EBITDA of –$32,000,000.
Satellogic is building a factory in the Netherlands that will be able to produce 25 satellites per quarter by the third quarter of 2023.
Satellogic reached a similar agreement with SpaceX in January 2021 covering four rideshare launches.
Satellogic has a goal of operating 200 or more satellites by 2025 to provide daily global remapping.
Satellogic signed a contract with SpaceX on 2022-05-04 to launch 68 additional satellites.
Satellogic reported 2021 revenue of $4.2 million, a net loss of $117.7 million, and adjusted EBITDA of –$30,700,000.
Satellogic uses patented Earth imaging technology to deliver high-quality, planetary-scale Earth observation data at lower cost.
Satellogic is a vertically integrated geospatial company developing a scalable, fully automated Earth observation platform designed to remap the planet at high frequency and high resolution.
Ukraine’s Ministry of Defence requested assistance in raising funds for a Dedicated Satellite Constellation service provided by Satellogic to track Russian troop movements and enhance refugee departure route security.
Halifax International Security Forum will fund a Satellogic Dedicated Satellite Constellation to provide Ukraine with the ability to task and receive timely high-resolution satellite imagery.
Satellogic was selected to produce the satellites for the Halifax International Ukraine constellation once the funds are raised.
Satellogic became a publicly traded company earlier 2022 after completing a merger with a special purpose acquisition company.
Satellogic’s goal is to deploy 200 satellites to provide daily global Earth imagery with frequent revisit rates.
Satellogic operates a constellation of 22 multispectral imaging satellites with sub-meter resolution.
Satellogic is a vertically integrated company that designs, manufactures, and operates its own constellation of Earth observation small satellites.