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Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data collection, reports the launch of four additional satellites from Cape Canaveral Space Force Station.
They were delivered to a sun-synchronous low-Earth orbit on SpaceX's Transporter-5 mission on May 25, 2022 onboard the Falcon 9 reusable, two-stage rocket, under SpaceX's Rideshare program. All four sat Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data collection, reports the launch of four additional satellites from Cape Canaveral Space Force Station.
They were delivered to a sun-synchronous low-Earth orbit on SpaceX's Transporter-5 mission on May 25, 2022 onboard the Falcon 9 reusable, two-stage rocket, under SpaceX's Rideshare program. All four satellites have made contact with Satellogic's ground station network with good health reports.
The successful launch increases the Company's fleet to 26 operational satellites, an important milestone keeping Satellogic on track to have 34 satellites in orbit by Q1 2023 and achieve up to seven daily revisits over points of interest.
The four new spacecraft are the updated NewSats Mark IV model, which is more cost effective than its predecessor and has increased onboard storage as well as improvements to its propulsion and navigation systems.
"Since 2020, we have doubled the size of our constellation and expect the significant expansion of our fleet to continue," stated Emiliano Kargieman, CEO and Co-Founder of Satellogic. "We are focused on growing the number of our satellites in orbit in order to make Earth Observation data more accessible and affordable to governments and organizations around the world."
Satellogic recently confirmed that SpaceX continues to be its preferred vendor for rideshare missions, announcing a new Multiple Launch Agreement with SpaceX for 2023 and beyond, reserving launch capacity for the Company's next 68 satellites.
SpaceX's frequent launch schedule is helping to meet the Company's constellation roadmap and provides shorter periods between satellite development and deployment.
By the end of 2023, Satellogic expects to have 60+ satellites in orbit, offering weekly world remaps. By 2025, the Company aims to have over 200 satellites in orbit to provide daily remaps of the entire surface of the Earth, and up to 40 revisits of points of interest per day.
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