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Satellogic announced a SPAC deal that will raise $271,000,000 one day before Planet announced its SPAC deal.
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 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 plans to build out a constellation of 300 satellites by 2025.
Satellogic projects revenue growing from $7,000,000 in 2021 to $787,000,000 in 2025.
Satellogic’s previous fleet included 13 commercial satellites in orbit equipped with the company’s three signature imaging modes.
Satellogic signed a multiple-launch agreement with SpaceX to deploy a full constellation of more than 300 satellites.
Satellogic currently operates 13 imaging satellites that provide high-resolution and hyperspectral imagery.
Satellogic expects its constellation to include over 300 satellites by 2025 to provide capacity to remap the entire Earth daily.
The Satellogic constellation deployment with SpaceX is expected to be completed by 2025.
Satellogic launched four additional spacecraft from Cape Canaveral Space Force Station on a SpaceX Falcon 9 rocket at 19:31 UTC on 2021-06-30.
Satellogic raised a $50,000,000 private funding round in December 2019.
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.
Satellogic plans to grow its constellation at roughly 100 satellites per year after reaching 60 operational satellites.
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.
Satellogic currently has 17 commercial satellites on orbit, including four satellites launched on 2021-06-30.
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 selected SpaceX as its preferred vendor for rideshare missions and began missions with SpaceX starting with the 2021-06-30 launch.
Satellogic operates a low Earth orbit (LEO) satellite constellation supported by platform and data science teams to deliver high-frequency, high-resolution, end-to-end solutions.
Satellogic partnered with the United States Geospatial Intelligence Foundation (USGIF).