Currently headquartered in Montevideo, Uruguay, and registered in the British Virgin Islands, Satellogic recently outlined plans to relocate to sell high-resolution multispectral imagery directly to the U.S. government instead of through third parties.
Satellogic’s shares started a downward trend shortly after listing on NASDAQ in early 2022, joining other underperforming space stocks that went public by merging with a blank check firm known as a special purpose acquisition company (SPAC).
TAMPA, Fla. — Satellogic has received a remote sensing license in the United States, the Earth observation operator announced Nov. 21 as it moves operations to the country from Uruguay in search of more government business.
The National Oceanic and Atmospheric Administration (NOAA) license covers 36 sub-meter resolution satellites already in low Earth orbit, Satellogic president Matt Tirman said, as well as plans to grow the constellation in coming years.
The company said NOAA granted the license following an inter-agency review that assessed national security and other risks.
It is Satellogic’s first such license because Uruguay does not have regulation requiring it — or a remote sensing agency. . .
The National Oceanic and Atmospheric Administration (NOAA) license covers 36 sub-meter resolution satellites already in low Earth orbit, Satellogic president Matt Tirman said, as well as plans to grow the constellation in coming years.
The company said NOAA granted the license following an inter-agency review that assessed national security and other risks.
It is Satellogic’s first such license because Uruguay does not have regulation requiring it — or a remote sensing agency. . .
The company announced plans to redomicile to Delaware Sept. 21, when it reported a $30 million net loss for the first half of 2023, compared with a $8 million net loss for the same period in 2022.
- Although revenue jumped 33% year-over-year to $3.2 million for the period, this is far behind the $30-50 million the company expected in December to make for the full year.
- The company had earlier projected $132 million in sales for 2023.
Why Satellogic?
Satellogic virtually reinvented the satellite from the ground up, by creating a smaller, lighter, and more cost-effective system that can be produced at scale.
- Because of this, Satellogic’s huge constellation offer a highly agile and cost effective offering for rapid tasking and archive.
- Indeed, Satellogic is creating a live catalogue of Earth, delivering daily updates on a global scale, to help decision-makers tackle the biggest challenges of our time with a complete picture of the planet.
- Satellogic’s Aleph platform makes it easy to securely search their image library, order new captures, and stream or download imagery all via an intuitive web app or API - all with transparent pricing and flexible licensing options.
Quick facts about Satellogic
By 2025, the company expects their 200+ satellites to provide daily remaps of the entire surface of the Earth, with up to 40 revisits of points of interest per day.
At present, they have 25+ satellites already capable of capturing high-quality imagery (with rapid tasking frequency and response) at 70 cm resolution, perfect for those cases that require a very quick turnaround. . .
At present, they have 25+ satellites already capable of capturing high-quality imagery (with rapid tasking frequency and response) at 70 cm resolution, perfect for those cases that require a very quick turnaround. . .
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