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Satellogic can remap any country or region in its entirety every month.
Satellogic satellites have a life cycle of three years to keep hardware at peak technological advancement.
Ursa Space customers can search and order archived imagery from Satellogic or task new imagery from Satellogic.
Ursa Space Systems has added Satellogic Inc. to its Virtual Constellation and Partner Network.
Satellogic captures both multispectral and hyperspectral imagery, producing rich geospatial data streams.
Satellogic reduced its 2025 revenue forecast from $787,000,000 to $480,000,000.
Liberty Strategic Capital invested $150,000,000 in Satellogic, with that investment announced on 2022-01-18.
The additional $150,000,000 investment from Liberty Strategic Capital became necessary to ensure Satellogic had sufficient capital to develop its satellite constellation.
Satellogic completed a merger with CF Acquisition Corp. V, a SPAC affiliated with Cantor Fitzgerald, and closed the deal on 2022-01-25.
Satellogic revised its forecast from launching 300 satellites by 2025 to having 202 satellites in orbit by 2025.
The merger will provide $262,000,000 in gross proceeds to Satellogic to support development of a satellite constellation that will provide high-resolution and hyperspectral imagery updated daily.
Satellogic is building a new factory in the Netherlands for high-throughput production of satellites that should be operating at full speed by the third quarter.
Satellogic reduced its 2025 adjusted EBITDA forecast from $473,000,000 to $297,000,000.
When Satellogic announced the SPAC deal in July, the company expected to raise $271,000,000 through the SPAC’s proceeds and a $100,000,000 private investment in public equity (PIPE) round.
Satellogic projects that slightly more than 200 satellites will allow the company to perform daily remaps of the entire planet by 2025.
There is now more than $265,000,000 of capital committed to Satellogic as part of the merger and PIPE round.
Satellogic is building a scalable, fully automated Earth observation platform designed to remap the entire planet at both high frequency and high resolution.
A 2024-01-18 filing with the Securities and Exchange Commission projected Satellogic would have 202 satellites in orbit in 2025 generating $480,000,000 in revenue and $297,000,000 in adjusted EBITDA.
Liberty Strategic Capital entered into a definitive agreement to invest $150,000,000 in Satellogic, Inc. in connection with Satellogic’s merger with CF Acquisition Corp. V.
When the merger with CF Acquisition Corp. V was announced in July, the companies expected $250,000,000 from the SPAC and $100,000,000 from the PIPE, which they projected would leave Satellogic with $271,000,000 in cash after debt repayment and expenses.