Author Topic: Satellogic  (Read 6514 times)

Offline Tywin

Satellogic
« on: 07/17/2018 10:04 pm »
One of the most innovate companys in South America in space is Satellogic.

https://www.satellogic.com/

The company specialize in earth observation has made important improve in the last months...like raised 27 million dollars...and planning a new factory the satellites in Uruguay...


https://spacenews.com/satellogic-raises-27-million-round-for-hyperspectral-imaging-constellation/

https://www.c4isrnet.com/c2-comms/satellites/2018/06/27/want-satellite-imagery-but-not-satellites-this-company-can-help/

http://www.laht.com/article.asp?CategoryId=23620&ArticleId=2459595

A interesting interview with her CEO Emiliano Kargieman:



« Last Edit: 07/17/2018 10:10 pm by Tywin »
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Offline Kosmos2001

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Re: Satellogic
« Reply #1 on: 07/19/2018 12:59 pm »
They have facilites in Barcelona too.

Offline Tywin

Re: Satellogic
« Reply #2 on: 01/15/2019 07:46 pm »
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Offline Tywin

Re: Satellogic
« Reply #3 on: 02/25/2019 03:55 pm »
Quote
Satellogic, the world’s first vertically integrated geospatial analytics company, today announced the appointment of Rick Dunn as the company’s new Chief Financial Officer. Dunn brings over 25 years of financial leadership to Satellogic, including executive roles in both public and private companies as well as over 10 years in public accounting. Most recently, Dunn served as CFO of PowerTeam Services, helping facilitate their acquisition by private equity owners in September 2018.


http://www.parabolicarc.com/2019/02/24/satellogic-welcomes-rick-dunn-chief-financial-officer/

A new small step for Satellogic...
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Offline Tywin

Re: Satellogic
« Reply #4 on: 09/13/2019 04:30 pm »
Great News for Satellogic!

Quote
The agreement with ABDAS, a Chinese data science company, gives that company exclusive access to Satellogic’s constellation of imaging satellites for imaging sites within China’s Henan Province. ABDAS will have control over what sites to observe within the province when the satellites are passing overhead. The agreement is valued at $38 million, Satellogic said in a Sept. 9 statement.


Quote
He said the company has seen “significant traction” for the dedicated satellite constellation concept for customers at both the regional and national level, particularly for countries that are just starting to develop Earth observation capabilities, such as in Latin America and Africa. “We expect this to be the first of many” such deals, he said.

Satellogic currently has eight satellites in orbit, providing multispectral imagery at a resolution of one meter and hyperspectral imagery at a resolution of 30 meters. Sixteen more satellites are scheduled for the next several months on Long March and Vega rockets. That includes 13 on a dedicated Long March 6 rocket in July 2020.

https://spacenews.com/satellogic-signs-deal-to-provide-imagery-service-in-china/
« Last Edit: 09/13/2019 04:30 pm by Tywin »
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Offline gongora

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Re: Satellogic
« Reply #5 on: 09/13/2019 04:30 pm »
https://spacenews.com/satellogic-signs-deal-to-provide-imagery-service-in-china/
Quote
The agreement with ABDAS, a Chinese data science company, gives that company exclusive access to Satellogic’s constellation of imaging satellites for imaging sites within China’s Henan Province. ABDAS will have control over what sites to observe within the province when the satellites are passing overhead. The agreement is valued at $38 million, Satellogic said in a Sept. 9 statement.
...
Satellogic currently has eight satellites in orbit, providing multispectral imagery at a resolution of one meter and hyperspectral imagery at a resolution of 30 meters. Sixteen more satellites are scheduled for the next several months on Long March and Vega rockets. That includes 13 on a dedicated Long March 6 rocket in July 2020.

Offline Tywin

Re: Satellogic
« Reply #6 on: 09/13/2019 04:31 pm »
gongora jaja, at the same time  ;)
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Offline XRZ.YZ

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Re: Satellogic
« Reply #7 on: 12/04/2021 06:18 pm »
Seems Satellogic opened an office near Charlotte, NC  (210 Delburg St. Davidson, NC 28036)
https://satellogic.com/company/contact-us/
and many of their recent press release are released from this location.
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Offline XRZ.YZ

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Re: Satellogic
« Reply #8 on: 12/21/2021 06:57 pm »
https://twitter.com/jeff_foust/status/1473351479964717060

Given current market environment, not a good time to go public.
Planet Lab drops 30-40% immediately after going public.
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Offline XRZ.YZ

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Re: Satellogic
« Reply #9 on: 12/28/2021 04:18 pm »
https://twitter.com/satellogic/status/1475802198894268419?s=21

Charlotte, NC: December 28, 2021 – Satellogic, a leader in sub-meter resolution satellite imagery collection, announced today that it will be constructing a high-throughput satellite manufacturing facility in the Netherlands.

This 57,000 square foot new location is expected to accelerate the company’s assembly of satellites and accommodate its state-of-the-art manufacturing, integration, and testing equipment. In addition to having logistics capabilities and storage facilities designed for sensitive optic-mechanical and electronic parts, the facility will also host office and meeting space for approximately 80 persons to support hybrid working opportunities.

The site’s location in Berkel en Rodenrijs was strategically selected as the region is home to a sizable workforce of skilled labor. Proximity to The Hague, Delft, and Rotterdam aids in providing Satellogic with the world’s best logistic support.

Satellogic’s VP of Manufacturing Operations, Gustav Wenhold, will lead operations at the new facility. Wenhold has amassed more than 20 years of international leadership experience. For the last 15 years, he has managed several aerospace manufacturing entities, ensuring that required functions for self-sustaining business models were in place.

“Satellogic has ambitious growth plans that our new high-throughput plant is designed to meet,” said Wenhold. “With these significant additions to our production capabilities, we’re prepared to continue supporting our customers by delivering high frequency, high-resolution imagery and strategic, timely insights for decision makers.”

The new high-throughput plant will follow a modern production approach and Industry 4.0 principles. Construction of the building is on schedule to be completed by the end of January 2022. Production is expected to commence during the second quarter of 2022 when the facility’s equipment will be fully commissioned and is expected to reach full production capacity of 25 satellites per quarter by Q3 2023.

“Satellogic relies on key suppliers for the delivery of components and subassemblies which have been fully developed by our internal engineering and manufacturing teams,” said Alessandro Comune, VP of Global Supply Chain. “With this expansion to our supply chain, we expect we will be able to scale up our production plans and reach our goal of constantly maintaining 300 satellites in orbit.”

Satellogic will continue to operate its current Assembly, Integration, and Test (AIT) facility in Montevideo, Uruguay, with a capacity of 24 satellites per year. In the future, the facility in Uruguay will mainly function as a pilot plant to introduce new technology for the next-generation satellites. The technology will also be further developed to achieve the manufacturing maturity level for satellites required to be transferred to the Netherlands where the processes for industrialization and throughput increase are developed. Both facilities will maintain a focus on the company’s standardization, zero defects, and zero waste initiatives.

Satellogic is expected to list as a public company through a proposed business combination with CF Acquisition Corp. V (Nasdaq: CFV) (“CFAC V”), a special purpose acquisition company sponsored by Cantor Fitzgerald. The transaction, which is expected to allow Satellogic to build out its constellation of satellites and maintain its position as a global leader in sub-meter imagery, is projected to close in the fourth quarter of 2021. After closing, Satellogic will trade on the Nasdaq under ticker symbol “SATL.”


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Offline gongora

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Re: Satellogic
« Reply #10 on: 01/18/2022 04:53 pm »
JANUARY 18, 2022

Secretary Steven Mnuchin’s Liberty Strategic Capital to Invest $150 Million in Satellogic and CF Acquisition Corp. V (Nasdaq: CFV)


Investment will support Satellogic as it scales its constellation, with the goal of weekly remapping of the entire Earth’s surface in 2023 and daily remapping thereafter, unlocking countless commercial, sustainability, and government applications

Secretary Mnuchin to serve as Non-Executive Chairman of Satellogic Board of Directors

Howard W. Lutnick, Chairman and CEO of Cantor Fitzgerald and CFV, to join Satellogic Board of Directors

Satellogic satellites have the capacity to collect more images than the closest four satellite competitors combined, changing the way we see our Earth by delivering data that helps analyze and develop solutions for the world’s most pressing problems within a $140 billion TAM opportunity [1]

Total committed capital of $265 million; merger slated to close in Q1 2022

New York, N.Y. — January 18, 2022 – Satellogic, a leader in sub-meter resolution satellite imagery collection, currently 70 centimeters, and CF Acquisition Corp. V (Nasdaq: CFV) (“CFV”), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced that they have secured an additional $150 million private placement commitment from Liberty Strategic Capital (“Liberty”), a private equity firm founded and led by former U.S. Secretary of the Treasury Steven T. Mnuchin.

This investment brings the total committed capital coming into Satellogic in this series of transactions to more than $265 million, building on the previously announced PIPE offering of $100 million led by SoftBank’s SBLA Advisers Corp. and Cantor Fitzgerald, among other top-tier institutional investors. Cantor Fitzgerald has increased its PIPE participation to approximately $58 million from the previously disclosed amount of $33 million. Both the Liberty and SoftBank SBLA Advisers Corp. placements are subject to lock-up provisions for a minimum of a year. The capital will further position Satellogic to remap the entire surface of the Earth in sub-meter resolution, creating unprecedented data analytics and commercial applications within its $140 billion Total Addressable Market (“TAM”).

In connection with Liberty’s investment in Satellogic, Secretary Mnuchin will join Satellogic’s Board of Directors as Non-Executive Chairman. Chairman and CEO of Cantor Fitzgerald and CFV Howard Lutnick will also join the Board of Directors.

Secretary Mnuchin, Founder and Managing Partner of Liberty, said, “It is hard to overstate the importance of up-to-date, high resolution Earth imagery as an aid to decision making across a broad variety of contexts. As Satellogic builds out its network to provide daily remaps of the Earth’s surface at a low cost, we believe the company is well positioned to provide governments and businesses with the information they need to make better, more well-informed decisions with respect to a host of pressing problems. We are excited to partner with Satellogic as they continue to innovate in this exciting and growing market.”

Emiliano Kargieman, CEO of Satellogic, said, “We are thrilled to welcome Secretary Mnuchin and Howard Lutnick to the Satellogic Board of Directors, and Liberty and its investors to our ownership as a public company. This transaction is a significant step towards our plan of daily sub-meter resolution world remaps ready to address vast and affordable commercial applications.”

Howard W. Lutnick, Chairman and CEO of Cantor Fitzgerald and CFV, stated, “I’m excited Secretary Mnuchin and the team at Liberty share our enthusiasm for the enormous value Satellogic’s massive data capacity unlocks. Satellogic’s low-earth images will bring unique data sets and global analytics to the private sector and governments world-wide.”

Company Highlights

Images that Change the Way We See the Earth: Satellogic’s satellites have more capture capacity than the closest four satellite competitors combined. Satellogic intends to launch additional satellites in 2022, more than doubling its data and imagery capacity, and it expects to create weekly sub-meter resolution world remaps by the end of 2023 and daily remaps thereafter.
Highly Scalable, Competitive Operating Model: Satellogic’s unique, patented camera design, underpinned by vertically integrated manufacturing, enables its satellites to capture 10 times more data at one-tenth of the cost of its competitors’ high-resolution Earth Observation satellites. Satellogic also benefits from shorter R&D cycles and the ability to efficiently scale while maintaining overall quality.
Delivering Data to Solve the World’s Most Pressing Problems: Satellogic was founded to help solve some of the greatest challenges of our time: resource utilization and distribution. From tradeoffs between food, energy and water supplies, to monitoring the impacts of natural disasters, global health and humanitarian crises in the midst of a looming climate emergency; access to a continually refreshed source of global, high-quality data is critical to confronting some of the world’s most crucial issues.
Unparalleled Commercial and Government Applications: Using its patented satellite technology, Satellogic’s enormous comparative image and data capture capacity position it for vast commercial and government applications through a live catalog of every square meter of Earth. For instance, governments could monitor their borders or assess supply chain congestion, companies and communities could swiftly analyze the wake of a hurricane or fire to determine damage, and climate scientists can track the impact of global warming and resource utilization to inform policymakers, among countless other use cases. Across industries and around the globe, Satellogic customers will be able to make smarter decisions, informed by the best-in-class technology and leading content collection at an affordable price point.   
Next Steps

The proposed merger with CFV is projected to close in the first quarter of 2022. Liberty’s investment in Satellogic is expected to close in mid-February after the waiting period under the Hart–Scott–Rodino Antitrust Improvements Act of 1976.

A proxy statement/prospectus supplement is being filed with the Securities and Exchange Commission for CFV’s special meeting of stockholders, which is scheduled for January 24, 2022 at 11:00 a.m. EST via live webcast.

Offline XRZ.YZ

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Offline XRZ.YZ

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Re: Satellogic
« Reply #12 on: 01/26/2022 12:02 am »

https://satellogic.com/news/press-releases/satellogic-completes-business-combination-with-cf-acquisition-corp-v-to-become-publicly-traded-company/

Class A Ordinary Shares to Commence Trading on Nasdaq on January 26, 2022 under ticker “SATL”

Gross proceeds to Satellogic will total approximately $262 million, including cash held in CFV’s trust account and concurrent PIPE financing, as well as the transaction with Liberty Strategic Capital, slated to close in February

Transaction expected to allow Satellogic to scale its constellation of satellites, collecting and analyzing weekly remaps of the Earth by 2023 and creating a live catalog of every square meter of Earth daily thereafter, enabling immense commercial, sustainability, and government applications

New York, NY — January 25, 2022 – Satellogic Inc., a leader in sub-meter resolution satellite imagery collection (“Satellogic,” the “Company”), today announced that it has completed its previously announced business combination with CF Acquisition Corp. V (Nasdaq: CFV) (“CFV”), a publicly traded special purpose acquisition company sponsored by Cantor Fitzgerald. The business combination was approved at a special meeting of CFV stockholders on January 24, 2022. Beginning Wednesday, January 26, 2022, Satellogic’s Class A ordinary shares and warrants will trade on the Nasdaq under the ticker symbols “SATL” and “SATLW,” respectively.

In connection with the closing of the business combination and other transactions, Satellogic will receive gross proceeds of approximately $262 million. This total includes proceeds from the CFV trust account and the previously announced private placement (“PIPE”) of $100 million led by SoftBank’s SBLA Advisers Corp. and Cantor Fitzgerald, among other top-tier institutional investors. Cantor Fitzgerald increased its PIPE participation to approximately $58 million from $33 million. Gross proceeds also include the $150 million private placement commitment from Liberty Strategic Capital (“Liberty”). Liberty’s investment is expected to close in February after the waiting period under the Hart–Scott–Rodino Antitrust Improvements Act of 1976 expires.

The proceeds will further position Satellogic to scale its constellation to remap the entire surface of the Earth in sub-meter resolution, with the newest advanced satellite technology able to capture 10 times more data at one-tenth of the cost of its competitors. Satellogic’s capabilities uniquely position the Company for vast commercial, sustainability and government applications across a large addressable market. Recently, the Company updated its forecasts to take into account the timing of the business combination and current assumptions.

“Reaching this milestone represents a strong step forward for Satellogic. We are thrilled with the close of this transaction and look forward to our next chapter as a public company as we continue on our mission to provide groundbreaking, high-resolution images and data analytics of the entire Earth in real time at an affordable price,” said Emiliano Kargieman, CEO & Founder of Satellogic. “This transaction will allow us to continue to scale our constellation of satellites to reach daily remaps of the Earth’s surface at the high-resolution and low cost necessary to unlock the vast commercial market. I’m extremely proud of our team’s hard work and dedication to get us to this point and believe we are well positioned for long-term sustainable growth.”

Former U.S. Secretary of the Treasury Steven Mnuchin, Founder and Managing Partner of Liberty Strategic Capital, will join Satellogic’s Board of Directors as Non-Executive Chairman upon close of the transaction. Secretary Mnuchin said, “Congratulations to the entire Satellogic team; we look forward to partnering with you as you focus on a growing market with tremendous commercial and government opportunity. Access to high-quality and cost-effective information will improve decision-making and help solve problems on a global scale.”

“Satellogic’s unparalleled technology cements its position as a leader in the satellite industry with limitless opportunity,” said Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and CFV. “The ability to remap the entire surface of the Earth at 70 centimeters and an affordable price point positions the Company to address a host of applications. I’m excited to support Satellogic on its journey to penetrate this rapidly growing and largely untapped market.”

Advisors

Cantor Fitzgerald & Co. served as financial advisor and capital markets advisor to CFV as well as placement agent on the PIPE. Hughes Hubbard & Reed LLP and Ellenoff Grossman & Schole LLP served as legal counsel to CFV. J.P. Morgan served as financial advisor to Satellogic. Friedman Kaplan Seiler & Adelman LLP and Greenberg Traurig LLP served as legal counsel to Satellogic.

About Satellogic

Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic 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 Earth Observation 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 of high-resolution images and analytics through its information platform 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 Earth Observation 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
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Offline XRZ.YZ

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Offline XRZ.YZ

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Offline su27k

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Re: Satellogic
« Reply #15 on: 01/03/2023 02:31 am »
Revenue shortfall causes layoffs and delays at Satellogic

Quote from: SpaceNews
The diminished revenues have forced the company to cut costs. That included laying off 18% of its workforce in the third quarter, reducing its staff to about 380 people. Rick Dunn, Satellogic’s chief financial officer, said the number of employees would remain “more or less flat” in 2023.

The company has also scaled back the growth of its constellation. In that November 2021 presentation, Satellogic projected having 111 satellites in orbit in 2023. The company will instead end 2023 with no more than 47 satellites, although Kargieman said in the call that some of the 10 satellites it launched in October 2020 could be retired by the end of 2023 as they reach the end of their three-year design life.

With those reduced projections, Satellogic has delayed completion of a new high-throughput satellite manufacturing facility it planned to open in 2022 in the Netherlands. That factory, which Satellogic said in late 2021 would be fully operational by the start of 2023, was designed to produce 25 satellites a quarter.

Offline Robspace54

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Re: Satellogic
« Reply #16 on: 03/11/2023 11:49 pm »
The ISS lifted it's orbit on 6 March 2023 to dodge an operating commercial satellite believed to be Nusat-17 (based on analysis by Jonathon McDowell). The Aleph-1 constellation has a lot of these spacecraft in low Erath orbit.

I read that the Satellogic Nusat (also known as NewSat) imaging satellites are 51 cm × 57 cm × 82 cm (20 x 22.5 x 32.3 inch) spacecraft of 37.5 kg mass. Other than some images of assembled, or3 D CAD, s/c does anyone know of a 3-view diagram of these birds?
« Last Edit: 03/12/2023 11:41 am by Robspace54 »

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