Satellogic

Last updated

Satellogic Inc.
Company type Public
Nasdaq:  SATL
Industry
Founded2010  OOjs UI icon edit-ltr-progressive.svg
Founders
  • Emiliano Kargieman
  • Gerardo Richarte
Headquarters
British Virgin Islands (corporative)
Montevideo, Uruguay (operations)
Number of locations
List
Number of employees
140 (2024 [1] )
Website satellogic.com

Satellogic Inc. is a company specializing in Earth-observation satellites, founded in 2010 by Emiliano Kargieman and Gerardo Richarte.

Contents

Satellogic began launching their Aleph-1 constellation of ÑuSat satellites in May 2016. [2]

On 19 December 2019, Satellogic announced they have received US$50 million in funding in the latest funding round. [3] In January 2022 the company went public with a special-purpose acquisition company (CF Acquisition Corp. V) merger. [4] Satellogic is a publicly traded company on the Nasdaq exchange. [5]

History

In the summer of 2010, after spending some time at the Ames Research Center in Mountain View, California, Emiliano Kargieman started developing the concepts that would become Satellogic. [6] He realized there was a great opportunity: to bring to the satellite services industry many of the lessons learned during the last two decades of working with Information Technology, and build a platform that provides spatial information services, without major investments in infrastructure. Together with his friend and colleague, Gerardo Richarte, [7] they started Satellogic.

Since 2010, the company has grown from a small start-up to a multinational company that has customers around the globe. [8] [9]

Satellogic made Argentina's first two nanosatelites, CubeBug-1 (nickname El Capitán Beto, COSPAR 2013-018D, launched 26 April 2013 on a Long March 2D launch vehicle) and CubeBug-2 (nickname Manolito, also known as LUSAT-OSCAR 74 or LO 74, COSPAR 2013-066AA, launched 21 November 2013 on a Dnepr launch vehicle). [10] Their third satellite, BugSat 1, launched in June 2014. [11] Both the CubeBug-1 and CubeBug-2 as well as the BugSat 1 satellite served as technology tests and demonstrations for the ÑuSat satellites. They also had amateur radio payloads.[ citation needed ]

The CubeBug project was sponsored by Argentinian Ministry of Science, Technology and Productive Innovation. Satellogic began launching their Aleph-1 constellation of ÑuSat satellites in May 2016. [12]

On 19 December 2019, Satellogic announced they have received US$50 million in funding in the latest funding round. [3] In January 2022 the company went public with a special-purpose acquisition company (CF Acquisition Corp. V) merger. In connection with the closing of the business combination and other transactions, Satellogic received gross proceeds of approximately $262 million to fund its satellite constellation. Satellogic planned to have 202 satellites in orbit by 2025 and expected revenue of $480 million in 2025. [4] [13] Former US Secretary of the Treasury Steven Mnuchin and Cantor Fitzgerald CEO Howard Lutnick invested in the SPAC merging with Satellogic and became major investors. [14]

Satellogic announced a partnership with Palantir Technologies in 2022. [15] [16]

As of June 2024, Satellogic had 26 satellites in operation in space and staff of about 140 people. Its revenues for all of 2022 were $6-8 million, and for 2023 $10 million. [1]

After President-elect Donald Trump announced in November 2024 that he would make Howard Lutnick the new US Secretary of Commerce, Lutnick resigned from the Satellogic board of directors. [17] At the same time, his company Cantor Fitzgerald increased its stake in Satellogic. [18]

Technology

Satellogic is building a 200+ satellite constellation as a scalable Earth observation platform with the ability to weekly remap the entire planet at high resolution to provide affordable geospatial insights for daily decision making. [19] [20]

Satellogic created a small, light, and inexpensive system that can be produced at scale. Each commercial satellite carries two payloads – one for high resolution multispectral imaging and another one for a hyperspectral camera of 30 m GSD and 150 km swath (at a 470 km altitude). [21]

Satellite specifications

Satellogic's satellites are built to the following specifications: [22]

Size:51 x 57 x 82 cm
Dry Mass:38.5 kg
Wet Mass:41.5 kg
Development Cycle:3 months
Design Life:3 years

Products and services

Dedicated satellite constellations

Satellogic's markets "Dedicated Satellite Constellations" (DSC) as an opportunity for customers to develop a national geospatial imaging program at unmatched frequency, resolution and cost. This program is aimed at municipal, state and national governments eager to gain exclusive control of a fleet of satellites over an area of interest. [23] It can be used to support key decisions, to manage policy impact, to measure investment and socio-economic progress and to serve as an open environment to foster collaboration, data and information sharing. [24]

DSC's satellites are registered and flagged by the operating entity. With complete control of the satellites over the designated area of interest, the operator will directly task the satellite from its own ground station, allowing frequent remapping and the ability to revisit specific points of interest several times per day. Total control of imagery download and private cloud archiving guarantee prompt and secure data management by an operator's own team. [25]

In 2019. Satellogic signed its first agreement to deliver a dedicated satellite constellation for exclusive geospatial analytics in Henan Province, China. [26]

DSC has been nominated for Via Satellite's "2019 Satellite Technology of the Year" Award. [27]

Data services

Satellogic offers 1-meter resolution multispectral imaging and 30-meter resolution hyperspectral satellite imagery. [28]

Geospatial analytics

Satellogic's data science and AI team convert images into layers [29] available as data-services in its online platform, including object identification, classification, semantic change detection and predictive models within a broad range of industries including agriculture, forestry, energy, finance and insurance, as well as applications for the civilian area of governments, such as cartography, environmental monitoring and critical infrastructure, among others. [30]

Offices

Satellogic's R&D facilities are located in Buenos Aires and Córdoba, Argentina. The AIT facility is located in Montevideo, Uruguay. The data-technology center in Barcelona, Spain; a finance office in Charlotte, United States, and there is a business development center in Miami, United States. [31]

Satellite launches

As of June 2023, Satellogic has launched 46 satellites [32] from the US (with SpaceX), [33] China and Russia and French Guiana.

While the first three spacecraft were early prototypes, the following 43 satellites corresponded to four consecutive iterations and incremental versions of Satellogic's ÑuSat design (Mark I to Mark V). [34]

Since 2018, Satellogic has a tradition of naming their spacecraft after important women scientists. [35]

On 19 January 2021, it was announced that SpaceX would become their preferred rideshare vendor, the first due in June 2021. [36] In May 2022, a new multi-launch agreement with SpaceX for the next ~60 satellites was announced. [37]

SatelliteLaunch VehicleLaunch Base LocationLaunch Date
CubeBug-1, Capitán Beto Long March 2D Jiuquan, China 26 April 2013
CubeBug-2, Manolito Dnepr Yasny, Russia 21 November 2013
BugSat-1, Tita Dnepr Yasny, Russia 19 June 2014
ÑuSat-1, Fresco

ÑuSat-2, Batata

Long March 4B Taiyuan, China 30 May 2016
ÑuSat-3, Milanesat Long March 4B Jiuquan, China 15 June 2017
ÑuSat-4, Ada Lovelace

ÑuSat-5, Maryam Mirzakhani

Long March 2D Jiuquan, China 2 February 2018
ÑuSat-7, Sophie Germain

ÑuSat-8, Marie Curie

Long March 2D Taiyuan, China 15 January 2020
ÑuSat-6, Hypatia Vega Kourou, French Guiana 2 September 2020
ÑuSat-9, Alice Ball

ÑuSat-10, Caroline Herschel

ÑuSat-11, Cora Ratto

ÑuSat-12, Dorothy Vaughan

ÑuSat-13, Emmy Noether

ÑuSat-14, Hedy Lamarr

ÑuSat-15, Katherine Johnson

ÑuSat-16, Lise Meitner

Ñusat-17, Mary Jackson

ÑuSat-18, Vera Rubin

Long March 6 Taiyuan, China 6 November 2020
ÑuSat-19, Rosalind Franklin

ÑuSat-20, Grace Hopper

ÑuSat-21, Elisa Bachofen

ÑuSat-22, Sofya Kovalevskaya [38]

Falcon 9 Block 5 Cape Canaveral, United States 30 June 2021
ÑuSat-23, Annie Maunder

ÑuSat-24, Kalpana Chawla

ÑuSat-25, Maria Telkes

ÑuSat-26, Mary Somerville

ÑuSat-27, Sally Ride [39]

Falcon 9 Block 5 Cape Canaveral, United States 1 April 2022
ÑuSat-28, Alice Lee

ÑuSat-29, Edith Clarke

ÑuSat-30, Margherita Hack

ÑuSat-31, Ruby Payne-Scott

Falcon 9 Block 5 Cape Canaveral, United States 25 May 2022
ÑuSat-32, Albania-1 [40]

ÑuSat-33, Albania-2 [40]

ÑuSat-34, Amelia Earhart [40]

ÑuSat-35, Williamina Fleming [40]

Falcon 9 Block 5 Cape Canaveral, United States 3 January 2023
ÑuSat-36, Annie Jump Cannon [41]

ÑuSat-37, Joan Clarke [41]

ÑuSat-38, Maria Gaetana Agnesi [41]

ÑuSat-39, Tikvah Alper [41]

Falcon 9 Block 5 Vandenberg, United States 15 April 2023
ÑuSat-40, Carolyn Shoemaker [42]

ÑuSat-41, Cecilia Payne-Gaposchkin [42]

ÑuSat-42, Maria Wonenburger [42]

ÑuSat-43, Rose Dieng-Kuntz [42]

Falcon 9 Block 5 Vandenberg, United States 12 June 2023
ÑuSat-44, Maria Mitchell Falcon 9 Block 5 Vandenberg, United States 4 March 2024
ÑuSat-46, TSAT-1A (in collaboration with TASL) Falcon 9 Block 5 Cape Canaveral, United States 7 April 2024
ÑuSat-48, Henrietta Leavitt

ÑuSat-49, Klára Dán von Neumann

ÑuSat-50, Nancy Roman

Falcon 9 Block 5 Vandenberg, United States 16 August 2024

See also

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References

  1. 1 2 "Revenue shortfall causes layoffs and delays at Satellogic". 17 June 2024.
  2. ↑ "Home". Satellogic. Retrieved 2 December 2022.
  3. 1 2 "Satellogic raises $50 million to build out imaging constellation". 19 December 2019.
  4. 1 2 "Satellogic Completes Business Combination with CF Acquisition Corp. V to Become Publicly Traded Company" (Press release). Business Wire. 25 January 2022.
  5. ↑ "F-1/A". www.sec.gov. Retrieved 1 September 2022.
  6. ↑ Politi, Daniel (19 September 2016). "Six men and women shaping how the world views Argentina". ft.com. Retrieved 5 May 2020.
  7. ↑ "Gerardo Richarte BIO" . Retrieved 7 September 2021.
  8. ↑ "Satellogic Signs Agreement to Deliver Dedicated Satellite Constellation for Exclusive Geospatial Analytics in Henan Province, China". Parabolic Arc. 9 September 2019. Retrieved 6 May 2020.
  9. ↑ Atkins, Jacob (22 February 2019). "Satellogic announces new leadership plus new satellites". contxto.com. Retrieved 6 May 2020.
  10. ↑ "Satellogic". satellogic.com. Retrieved 4 February 2016.
  11. ↑ Henry, Caleb (29 December 2014). "Satellogic Finalizes 16-Satellite Earth Observation Constellation". satellitetoday.com. Satellite Today. Retrieved 29 March 2018.
  12. ↑ Jones, Andrew. "China launches seismo-electromagnetic probe along with ESA, Danish and commercial CubeSats". GB Times. Archived from the original on 2 February 2018. Retrieved 2 February 2018.
  13. ↑ "Satellogic completes SPAC merger". 26 January 2022.
  14. ↑ Bloomberg Technology (18 January 2022). Why Mnuchin, Lutnick Teamed Up on Satellite Investment . Retrieved 2 January 2025– via YouTube.
  15. ↑ Anand, Priya (4 April 2022). "Palantir Is Now in Space". Bloomberg News.
  16. ↑ "Satellogic Announces Strategic Partnership with Palantir Technologies". Satellogic. Retrieved 2 January 2025.
  17. ↑ Satellogic Inc. Board Changes Amidst Leadership Transition NASDAQ
  18. ↑ "CANTOR FITZGERALD, L. P. Acquires Additional Shares in Satellogi". www.gurufocus.com. Retrieved 2 January 2025.
  19. ↑ "CGWIC Signs Agreement to Launch Satellogic Earth Observation Constellation of 90 Satellites". 15 January 2019. Retrieved 15 January 2019.
  20. ↑ "This Startup Wants to Check the Ripeness of Coffee Beans From Space". Bloomberg.com. 15 January 2019. Retrieved 15 January 2019.
  21. ↑ Chaturvedi, Aditya (1 March 2019). "Satellogic plans to remap the planet at one meter resolution each week". geospatialworld.net. Retrieved 5 May 2020.
  22. ↑ Nichols, Greg. "Space firm to launch 90 satellites for constellation blanketing Earth". ZDNet . Retrieved 5 May 2020.
  23. ↑ "Satellogic". satellogic.com. Retrieved 5 May 2020.
  24. ↑ "SatMagazine". satmagazine.com. Retrieved 5 May 2020.
  25. ↑ "Satellogic Signs Agreement to Deliver Dedicated Satellite Constellation for Exclusive Geospatial Analytics in Henan Province, China". Parabolic Arc. 9 September 2019. Retrieved 5 May 2020.
  26. ↑ "Argentine start-up seals rare China space imaging deal" . Financial Times. 9 September 2019. Retrieved 5 May 2020.
  27. ↑ "2019 Nominees for Satellite Technology of the Year". Satellite Today. March 2020.
  28. ↑ "Satellogic will launch two new Earth observation satellites as it expands operations". techcrunch.com. 7 January 2020. Retrieved 5 May 2020.
  29. ↑ "A Snapshot of Imagery in Agriculture". agriculture.com. 22 November 2019. Retrieved 5 May 2020.
  30. ↑ "This Startup Wants to Check the Ripeness of Coffee Beans From Space". bloomberg.com. 15 January 2019. Retrieved 5 May 2020.
  31. ↑ "Satnews Publishers: Daily Satellite News". satnews.com. Retrieved 5 May 2020.
  32. ↑ Takken, Remco (16 January 2020). "Successful launch of Satellogic's "Marie and Sophie" satellites". geospatialworld.net. Retrieved 5 May 2020.
  33. ↑ "Satellogic Announces Successful Launch of Four Additional Satellites on SpaceX Transporter-5 Mission". Bloomberg News . 26 May 2022.
  34. ↑ sscott (4 April 2022). "Satellogic Makes Contact with Newly Launched Mark V Satellites - Via Satellite -". Via Satellite. Retrieved 29 September 2022.
  35. ↑ "Satellogic to Launch Two NewSat Mark IV Spacecraft". businesswire.com. 7 January 2020. Retrieved 6 May 2020.
  36. ↑ "Satellogic and SpaceX Announce Multiple Launch Agreement". businesswire. 19 January 2021. Retrieved 21 January 2021.
  37. ↑ "Satellogic Announces Multiple Agreement with SpaceX for its Next 68 Sub-Meter Resolution Earth Observation Satellites". 4 May 2022.
  38. ↑ "Satellogic Launches 4 Additional Satellites on SpaceX Falcon 9 Rocket". www.businesswire.com. 30 June 2021. Retrieved 1 July 2021.
  39. ↑ Clark, Stephen (1 April 2022). "Forty payloads ride into orbit on SpaceX Falcon 9 rocket". Spaceflight Now. Retrieved 1 April 2022.
  40. 1 2 3 4 "Satellogic's Aleph-1 constellation expanded with four smallsat deployments via the Transporter-6 rideshare mission". SatNews. 4 January 2023. Retrieved 5 January 2023.
  41. 1 2 3 4 Lentz, Danny (15 April 2023). "SpaceX Transporter-7 launches 51 payloads, booster return to LZ". NASASpaceFlight . Retrieved 15 April 2023.
  42. 1 2 3 4 Lentz, Danny (12 June 2023). "SpaceX Transporter-8 launches 72 payloads marking 200th booster landing" . Retrieved 15 June 2023.
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