Welcome to our dedicated page for Satellogic news (Ticker: SATL), a resource for investors and traders seeking the latest updates and insights on Satellogic stock.
Satellogic Inc. (NASDAQ: SATL) is a vertically integrated Earth observation and geospatial company that regularly issues news on satellite manufacturing, high-resolution data services, sovereign space programs, and capital markets activity. Its announcements provide insight into how the company designs, builds, and operates satellite systems to deliver sub-meter and very-high-resolution imagery, as well as AI-first monitoring capabilities for government and commercial users.
News about Satellogic often covers new contracts and strategic agreements, such as multi-year, seven-figure monitoring deals that support continuous, high-frequency coverage over large portfolios of sites, and sovereign-focused arrangements for AI-first constellations. The company has highlighted a $30 million multi-year contract for an AI-first constellation serving a defense and intelligence customer, an $18 million agreement with CEiiA in Portugal for NewSat Mark V satellites supporting the Atlantic Constellation, and an exclusive partnership with Suhora to expand access to high-resolution data in India and Nepal.
Investors and analysts can also follow technology and product updates, including the launch of Satellogic’s NextGen very-high-resolution satellite platform, which features 30 cm-class resolution and on-orbit AI processing, and developments related to its Aleph platform for tasking, access, and delivery. In addition, Satellogic issues releases on financial and corporate milestones, such as quarterly financial results, public offerings of Class A common stock under its shelf registration, and inclusion in the U.S. small-cap Russell 3000 Index.
This news feed allows readers to track how Satellogic’s EO platform, sovereign solutions, and partnerships evolve over time, and how these developments relate to defense and intelligence, civil government, environmental monitoring, infrastructure protection, and other data-driven applications.
Satellogic Inc. (NASDAQ: SATL) has been selected as one of eight recipients for NASA's Commercial SmallSat Data Acquisition Program (CSDA) On-Ramp1 Multiple Award contract. The contract, announced on September 6, 2024, has a maximum cumulative value of $476 million for all award winners. Satellogic will provide NASA with high-resolution multispectral imagery until November 15, 2028.
This collaboration aims to offer NASA a cost-effective solution for augmenting Earth observation data, important for understanding climate change, monitoring environmental trends, and improving applications that benefit humanity. The CSDA program leverages the commercial space sector to enhance NASA's ability to gather Earth observation data efficiently and affordably.
Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data, has announced significant changes to its Board of Directors. Kelly Kennedy, a seasoned financial executive with over 30 years of experience, has been appointed to the board and will chair the Audit Committee, effective September 3, 2024. Kennedy, currently CFO at Willow Innovations, brings extensive expertise in finance, operations, and strategic growth.
Simultaneously, Brad Halverson has retired from his position on the Board of Directors and as chair of the Audit Committee, also effective September 3, 2024. Halverson, who joined the board in 2022, provided valuable financial and operational leadership during his tenure.
Satellogic Inc. (NASDAQ: SATL) has joined the Global Data Marketplace (GDMP) as a commercial vendor, enhancing access to federal agencies and partners, including the US Space Force. The GDMP streamlines data acquisition, allowing immediate interaction, payment, and anonymous data acquisition. This move aligns with the US Government's efforts to modernize procurement and reduce barriers for commercial providers. Satellogic's participation marks a significant step towards becoming a important partner for US and international agencies.
Satellogic Inc. (NASDAQ: SATL) has released a large open dataset of high-resolution imagery to support the training of foundation models for Earth Observation. The dataset contains 6 million images, including location revisits, totaling 900 Gigapixels. This dataset aims to accelerate the development of Earth Observation AI models by providing real-time imagery of the planet. Satellogic data is available for commercial use under a Creative Commons license, with a paper and baseline foundation model to be published.
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