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The Transporter-4 launch is part of Satellogic’s previously announced 2022 plans to expand its fleet to 22 satellites delivering high-resolution data from space.
Satellogic plans to launch up to 12 additional spacecraft later in 2022 to offer up to seven daily revisits of any point of interest, resulting in a total of 34 commercial satellites in orbit by 2023-01-01.
Satellogic plans to launch up to 12 additional spacecraft later in 2022 to offer up to seven daily revisits of any point of interest, resulting in a total of 34 commercial satellites in orbit by 2023-01-01.
The Transporter-4 launch is part of Satellogic’s previously announced 2022 plans to expand its fleet to 22 satellites delivering high-resolution data from space.
Each Satellogic satellite has a daily data collection capacity of 300,000 km² and is equipped with high-resolution multispectral imagery, hyperspectral imagery, and full-motion video capabilities.
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 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 completed a merger with CF Acquisition Corp. V, a SPAC affiliated with Cantor Fitzgerald, and closed the deal on 2022-01-25.
Satellogic reduced its 2025 adjusted EBITDA forecast from $473,000,000 to $297,000,000.
Satellogic revised its forecast from launching 300 satellites by 2025 to having 202 satellites in orbit by 2025.
There is now more than $265,000,000 of capital committed to Satellogic as part of the merger and PIPE round.
The shareholder vote for the Satellogic merger was delayed from 2023-12-08 to 2023-12-30 and then postponed again to 2024-01-24.
A July investor presentation projected Satellogic would have 300 satellites in orbit in 2025 generating $787,000,000 in revenue and $473,000,000 in adjusted EBITDA.
Satellogic expects that expanding its supply chain through the new facility will enable scaling up production plans to support a goal of constantly maintaining 300 satellites in orbit.
Satellogic will continue to operate its current Assembly, Integration, and Test facility in Montevideo, Uruguay with a capacity of 24 satellites per year.
Satellogic will construct a 57,000-square-foot high-throughput satellite manufacturing facility in the Netherlands.
Satellogic announced a SPAC deal in July 2021 but has been struggling to close its merger.
The new Satellogic manufacturing facility in the Netherlands will open in mid-2022 and, when fully functional at the beginning of 2023, will be able to produce 25 satellites a quarter.
Satellogic signed a Letter of Intent with Agencia Espacial del Paraguay to develop a Space-as-a-Service program for Paraguay.
Satellogic plans to deploy an additional 60 to 200 satellites over the next 24 to 36 months to enable increased full-motion video collection and time-series models.