Satellogic Announces Successful Expansion of its Satellite Constellation Following SpaceX’s Launch of the Transporter-7 Mission
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced the successful deployment of four additional satellites following the launch of SpaceX’s Transporter-7 mission from Vandenberg Space Force Base, California. Each of the NewSat Mark-IV spacecraft made contact with Satellogic’s ground station reporting in good health.
The SpaceX Transporter-7 mission was completed Friday, April 14, with a two-stage rocket delivering the four satellites designed and built by Satellogic to orbit. The NewSat Mark-IV models include multispectral cameras designed to collect high-resolution imagery from sun-synchronous low-Earth orbit. Satellogic continued its celebrated tradition of naming satellites after remarkable women in STEM and has named these four spacecraft after Joan Clarke, Annie Jump Cannon, Tikvah Alper, and Maria Gaetana Agnesi.
“Each of our 14 launches has enabled us to continuously expand and improve the Earth Observation capabilities our customers rely on,” said Matt Tirman, CCO of Satellogic. “We are proud of our 100% successful deployment rate, and as with our launch in January and those planned for later this year, these additional satellites bring Satellogic one giant leap closer to fulfilling our aim of daily global remaps.”
SpaceX is Satellogic’s preferred launch provider for rideshare missions for 2023 and beyond. A multiple launch agreement reserved launch capacity for up to 68 satellites to support the Company’s planned constellation roadmap for 200+ satellites in orbit. Satellogic aims to expand its constellation to include over 40 satellites in 2023.
Future launches may support the company’s newest offering, Space Systems; a satellite purchase program that aims to lower the financial barrier to EO spacecraft ownership. Purchase options begin at less than $10 million, and offer flexibility as well as a significantly shortened time-to-operation span of 8-3 months. Satellogic Space Systems is designed to accommodate governments with interest or requirements for asset ownership to enhance national geospatial intelligence (GEOINT) with global tasking autonomy. Satellogic’s Space Systems business line offers satellite acquisition not subject to ITAR regulations, export controls and/or licensing.
About Satellogic
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.
Satellogic’s mission is to democratize access to geospatial data through its information platform of high-resolution images to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.
With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.
To learn more, please visit: http://www.satellogic.com
Contacts
Investor Relations:
MZ Group
Chris Tyson/Larry Holub
(949) 491-8235
SATL@mzgroup.us
Media Relations:
Satellogic
pr@satellogic.com
