Satellogic

What Satellogic does

Satellogic Inc. is a publicly traded (NASDAQ: SATL) vertically integrated Earth observation company founded in 2010 by Emiliano Kargieman and Gerardo Richarte, headquartered in Davidson, North Carolina after a 2025 U.S. redomiciliation, with operating presence in Uruguay, Israel, and Spain. The company designs, manufactures, launches, and operates a constellation of ~20 active NewSat small satellites in low Earth orbit, delivering sub-meter high-resolution imagery with a tasking-to-delivery turnaround under three hours and a claimed per-satellite deployment cost of approximately $1.3M (vs. ~$7M at Planet Labs and ~$16M at BlackSky), supported by an annual production capacity of 24 satellites and a 67% gross margin. Its roadmap includes the NextGen/Merlin platform (30cm-class resolution, onboard AI processing, and Inter-Satellite Link capability, with first launch targeted October 2026 and full operation in 2027) and the Aleph platform for self-service tasking, archive access, and Searchable Earth semantic retrieval.

The company's product portfolio is anchored by Aleph Observer (persistent daily monitoring subscriptions), the Aleph self-service data platform and API, Multispectral Imagery products, and Space Systems / Constellation-as-a-Service offerings that deliver flight-proven NewSat satellites to sovereign customers (e.g., $18M Portugal/CEiiA Mark V deal, $12M in-orbit NewSat transfer, $18M international defense contract, $30M AI-first EO constellation anchor, Slingshot program with the U.S. Office of Naval Research). Customer segments are primarily Government & Defense and Sovereign/National Government customers across 35+ countries (U.S., Brazil, Portugal, Malaysia, Albania, Saudi Arabia, India, Nepal, Australia, Israel, Spain, U.K.), with secondary segments in Energy & Mining, Finance & Insurance, Environment & Climate, and channel partners such as Suhora (India/Nepal), Telespazio (Brazil), HEO (Australia), and SkyFi (marketplace).

Satellogic generates revenue through a mix of recurring subscription monitoring (Aleph Observer), multi-year defense and intelligence imagery services, hardware sales / turnkey Constellation-as-a-Service satellite transfers, and usage-based per-task imagery orders, supplemented by exclusive regional distribution and reseller licensing. Pricing is primarily quote-based under multi-year contract forms with a per-task/per-area retail layer exposed via SkyFi. The company went public in January 2022 via a business combination with CF Acquisition Corp. V (~$262M proceeds), supplemented by $150M from Liberty Strategic Capital (Steven Mnuchin, now Non-Executive Chairman), a $30M Tether convertible note (April 2024), a $90M public offering (October 2025), and a $35M registered direct offering (January 2026), reaching a reported valuation of ~$1.16B in June 2026 alongside exceptional stock performance (348% over six months, 440% YTD).

Name

Satellogic

Legal name

Satellogic Inc.

Website

https://satellogic.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Satellogic operates a vertically integrated Earth observation platform, deploying ~20 high-resolution NewSat small satellites and the Aleph data platform to deliver persistent monitoring, Constellation-as-a-Service, and AI-enabled imagery analytics for defense, sovereign, and commercial customers in 35+ countries.

Ownership category

akta.pro rank

Product category

Satellite Earth Observation Services

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Satellite Telecommunications (517410)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Guided Missiles & Space Vehicles & Parts (3760)

akta.pro primary industry

Satellite Imagery & Remote Sensing Geospatial Platforms (BPAMANAM)

akta.pro secondary industries

Remote Sensing & Geospatial Vision (satellite/drone imagery) (HDAAAEAL), Enterprise Satellite Connectivity & Managed Services (VSAT, SD-WAN over Satcom) (HDAIAJAB)

Keywords

• Earth observation satellites
• Satellite imagery services
• Geospatial intelligence platform
• Persistent monitoring subscriptions
• Constellation-as-a-Service

Headquarters

HQ city

Montevideo

HQ country

Uruguay

HQ region

Latin America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Asset Monitoring (Aleph Observer): Subscription-based persistent monitoring service delivering daily high-resolution Earth observation across hundreds of sites for defense, intelligence, civil government, and commercial customers. Structured as recurring monitoring revenue replacing episodic imagery tasking.
2. Space Systems (Satellite Sales / Constellation-as-a-Service): Direct sale of NewSat satellites and turnkey constellation capacity to sovereign and government customers (e.g., $18M Portugal/CEiiA Mark V deal, $12M sovereign defense in-orbit NewSat sale, $30M multi-year defense constellation anchor). Includes technology transfer, launch, and operations.
3. Data Distribution & Reseller Licensing: Multi-year exclusive distribution agreements (e.g., Suhora in India/Nepal) and reseller/integrator licensing of Satellogic Earth Observation data and Value Added Products, generating recurring and usage-based revenue.
4. Defense / Government Contract Imagery: Custom-tasked and persistent imagery delivery under multi-year defense contracts (e.g., $18M international defense customer, U.S. Office of Naval Research Slingshot program, Brazilian Air Force/Telespazio Brasil), including on-orbit processing and rapid-delivery tasking.

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels10 records

Core offering

Satellogic operates a vertically integrated Earth observation (EO) platform built on its proprietary NewSat small-satellite constellation in low Earth orbit, paired with the Aleph self-service data platform and on-board AI processing. The company sells high-resolution sub-meter imagery, the Aleph Observer persistent monitoring subscription, Space Systems (NewSat satellite hardware) and Constellation-as-a-Service to defense, intelligence, sovereign, and commercial customers worldwide. It also distributes its archive and tasking imagery through channel partners and marketplaces.

Product overview

Satellogic offers a vertically integrated Earth Observation platform-and-modules architecture: a unified Aleph Platform (UI + API) acts as the core self-service tasking and analytics layer that orchestrates the underlying NewSat satellite fleet (Mark IV, Mark V, NextGen) and the forthcoming Merlin Constellation. On top of this platform, modular products include Aleph Observer (persistent monitoring), Rapid Delivery (3-hour L1B imagery), Multispectral Imagery products, and Searchable Earth (semantic archive retrieval). Space Systems and Constellation-as-a-Service (CaaS) extend the offering to partners and governments who want to deploy or co-utilize Satellogic satellite capacity, while AI-powered partnerships such as SynMax deliver agentic geospatial intelligence on top of the imagery stream.

Differentiator

Problem solved

Functional benefit

Brands

• Aleph Observer: Persistent global intelligence monitoring capability providing daily high-resolution monitoring across hundreds of sites for defense, intelligence, civil government, and commercial use cases.
• NewSat
• Constellation-as-a-Service (CaaS)
• Aleph
• Merlin
• NextGen

Products and services

• Aleph Observer Subscription-based persistent monitoring service delivering daily high-resolution Earth observation across hundreds of customer-designated sites, replacing ad-hoc episodic tasking with sustained situational awareness for defense, intelligence, civil government, and commercial customers.
• Aleph Platform Self-service imagery platform with API and Python SDK for tasking, archive access, and integration, used by Resellers, Integrators, and direct enterprise customers to order and consume Earth observation imagery.
• Space Systems End-to-end NewSat small-satellite design, manufacture, launch, and operations offering, enabling sovereign and government customers to acquire dedicated Earth observation satellites (Constellation-as-a-Service / direct satellite transfer).
• Constellation-as-a-Service (CaaS) Service model providing government, defense, and institutional customers with dedicated satellite constellation capacity without independently designing, manufacturing, or operating space systems.
• Multispectral Imagery Imagery product capturing data across multiple spectral bands, supporting detailed analysis for agriculture, environmental monitoring, and defense applications.
• Rapid Delivery (L1B Imagery) Service module providing L1B imagery delivery within 3 hours from tasking, enabling time-sensitive analytics for defense and commercial customers.

Quantifiable outcome

• Deploys satellites at ~$1.3M per launch vs. $7M (Planet) and $16M (BlackSky)
• +9 more outcomes

Named customers18 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability10 records

Feature7 records

Partnerships

Eleven partnerships are on record, tiered core, flagship and minor.

• SynMaxcoreStrategic or Co-development Partner · 23 June 2026Strategic collaboration to develop and deliver AI-powered geospatial intelligence products for defense and intelligence customers, combining Satellogic's forthcoming Merlin constellation with SynMax's multi-source intelligence fusion and agentic AI analytics for persistent global monitoring. First offerings tied to the October 2026 Merlin launch.
• Innovative Defense Technologies (IDT) and U.S. Office of Naval ResearchflagshipImplementation/ SI/ Consulting Partner · 24 April 2026Subcontract with IDT to extend the 'Slingshot' program for the U.S. Office of Naval Research, deploying up to eight next-generation satellites with Inter-Satellite Link technology (Phases II and III) for maritime intelligence and low-latency orbital processing through 2027.
• CEiiA (Portugal Centre of Engineering and Product Development)flagshipStrategic or Co-development Partner · 12 January 2026$18 million agreement for two NewSat Mark V 50cm-class imaging satellites with ownership transfer to CEiiA in Q2 2026, integrating into the Atlantic Constellation for Portugal's sovereign Earth observation capabilities. Includes knowledge transfer and 85%+ European-sourced components.
• Suhora TechnologiescoreChannel Partner/ Reseller/ Distributor · 2 September 2025Multi-year, seven-figure exclusive distribution agreement for Satellogic's Earth Observation data in India and Nepal, integrated into Suhora's SPADE subscription platform for urban development, natural resource management, disaster response, and climate change mitigation.
• HEO (Australia)coreStrategic or Co-development Partner · 4 August 2025Expanded agreement with exclusive access to Satellogic's high-resolution satellite constellation for Non-Earth Imagery (NEI) supporting Space Domain Awareness. Originally began with the sale of NewSat-34 satellite to HEO.
• Uzma Berhad (Malaysia)flagshipStrategic or Co-development Partner · 18 June 2025Selected as successful bidder to lead Malaysia's High-Resolution Earth Observation Satellite Project; Satellogic will design, develop, and deliver a 50cm resolution satellite with final integration and testing in Malaysia, supporting the country's Space Exploration 2030 Action Plan.
• Telespazio BrasilcoreChannel Partner/ Reseller/ Distributor · 6 February 2025Multi-year contract for low-latency, high-resolution satellite imagery for the Brazilian Air Force, supporting defense operations. Built on Satellogic's vertical integration and rapid delivery capability.
• Maxar TechnologiescoreStrategic or Co-development Partner · 11 December 2024Partnership to enhance monitoring for defense agencies, combining Maxar's and Satellogic's capabilities to support defense and intelligence customer workflows.
• SpaceXcoreTechnology or Integration · 4 March 2024Launch services partner — Satellogic has launched multiple NewSat Mark-V satellites aboard SpaceX Transporter rideshare missions (e.g., Transporter-10, Transporter-12), providing the primary access to orbit for its growing constellation.
• SkyFicoreChannel Partner/ Reseller/ Distributor · 22 February 2024Marketplace distribution of Satellogic archive data: 30 million sq km of 99cm Satellogic archive data plus a free sample dataset are available on the SkyFi platform for tasking and archive orders with a minimum order size of 5 km².
• TAQNIA ETS (Saudi Technology Development and Investment Company)minorStrategic or Co-development Partner · 9 February 2024Memorandum of Understanding signed at the World Defense Show 2024 to support the advancement of geospatial technologies for TAQNIA information services in Saudi Arabia, as part of the Middle East space economy buildout.

Scale indicators15 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Planet Labs PBC: Closest direct competitor operating the largest commercial fleet of small Earth observation satellites with sub-meter resolution. Both companies serve defense, intelligence, civil government, and commercial customers with daily revisit imagery and overlapping Constellation-as-a-Service offerings.
• BlackSky Holdings: Direct competitor in high-cadence, sub-meter tasking imagery with a small-satellite constellation targeting defense and intelligence customers. Comparable on resolution, rapid tasking-to-delivery, and customer segments; Satellogic cites BlackSky's higher per-satellite cost ($16M) as a key differentiator.

Broad incumbents

• Maxar Technologies: Large incumbent in high-resolution commercial satellite imagery (WorldView Legion) serving NGA, NRO, and allied defense customers. Satellogic has an active commercial partnership with Maxar to enhance monitoring for defense agencies, indicating overlapping rather than purely competing positioning.
• Airbus Defence and Space: Operates the SPOT and Pléiades constellations delivering sub-meter and very-high-resolution optical imagery to defense, intelligence, and commercial customers globally. Comparable on customer base and product category but at much larger scale and with a much broader portfolio.

Emerging players

• ICEYE: Operates one of the largest commercial SAR (synthetic aperture radar) constellations for all-weather Earth observation, serving defense and insurance customers with persistent monitoring. Comparable on small-sat constellation economics and sovereign/defense go-to-market, but differentiated by SAR vs. optical imagery.
• Spire Global: Publicly traded small-satellite operator focused on radio frequency and weather data; overlap is on the small-sat business model and government/defense contracting motion rather than imagery product. Provides a peer benchmark for space-based data-as-a-service economics.
• Umbra: U.S.-based SAR small-satellite operator focused on high-resolution imagery for defense and intelligence customers. Comparable on small-sat constellation economics, U.S. redomiciled defense GTM, and pricing-per-task commercial model; differentiated by SAR vs. optical modality.
• Capella Space: SAR satellite operator with high-resolution all-weather imagery targeting U.S. government and defense customers. Comparable on satellite-as-a-service business model, defense focus, and persistent monitoring positioning, but differentiated by SAR technology.
• GHGSat: Operates a constellation of small satellites for high-resolution methane and greenhouse gas emissions monitoring, serving energy and environmental customers. Comparable on small-sat constellation economics and value-added Earth observation analytics business model.

Others

• HEO (HEO Robotics): Australian-based Non-Earth Imagery (NEI) and Space Domain Awareness provider; partner of Satellogic with exclusive access to Satellogic's constellation for NEI. Listed as a peer due to complementary rather than directly overlapping offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Satellogic
• YouTubeyoutube.com/channel/UCLtM3YLSGAz1-SKe63gkwLQ
• Facebookfacebook.com/satellogic
• LinkedInlinkedin.com/company/satellogic
• Instagraminstagram.com/satellogic

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds14 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Satellogic