Satellogic is a company specialising in Earth-observation satellites, founded in 2010 by Emiliano Kargieman and Gerardo Richarte. It began launching their Aleph-1 constellation of ÑuSat satellites in May 2016.

The company is listed on the Nasdaq exchange (as SATL) however it currently has its headquarters in the British Virgin Islands although this is being moved to the US. It also has its operations based in Montevideo, Uruguay and a business development centre in Miami.

Satellogic is building a 200+ mega-constellation of Earth-observation satellites. It has 19 in orbit. Until the election of the Trump administration, Howard Lutnick, Trump’s Secretary of Commerce, was on the Satellogic board of directors. The company has a marketing“partnership with Maxar Intelligence, also specialists in Earth observation.

The company has said it will need to raise more cash this year. As at March 31st it had $17.7 million in cash (down from $22.5 a year earlier) and a filing with the US Securities & Exchange Commission stated that revenues for the quarter-year to March 31st was $33.3 million, and representing a loss of $9.5 million (an improvement over the loss of $14.6 million a year earlier).

“To grow our business, we have to continue to improve our technology and regularly launch new and improved satellites, which require capital,” the company told the SEC. “Sustained and repeat business, along with securing new debt and equity capital, are critical for our ongoing success.

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Categories: Articles, Business, Funding, Satellite

Tags: earth, satellite, Satellogic