SATL - Satellogic signs new Multiple Launch Agreement with SpaceX
Satellogic Inc. (NASDAQ: SATL) has entered a Multiple Launch Agreement with SpaceX reserving the unveiling of its 68 new satellites. CEO and co-founder Emiliano Kargieman said:
Following our previous launch successes with SpaceX, we are pleased to have signed this MLA to continue our work together in 2023 and beyond.
New MLA replaces past MLA covering 2022 rollouts
The new MLA replaces the previous MLA, which covered rollouts in 2022, and affirms that SpaceX remains Satellogic’s ideal supplier for rideshare operations, meeting the volume requirements of Satellogic’s satellites framework and allowing for a shorter time between satellite advancement and rollout.
Kargieman added:
Today’s announcement ensures that we will be able to continue to launch our satellites as they are produced and that we remain on track to collect every square meter of the Earth’s surface every week in 2023, providing our customers with the most up-to-date, reliable high-resolution data source on a global scale. Expanding our capacity is crucial to making Earth Observation data affordable and accessible for everyone.
Satellogic develops its own satellites, controls its cluster, and productizes the EO information it collects to serve its clients in every sector effectively. Such vertical integration lowers the cost of extracting information from EO, allowing Satellogic to provide relevant insight at a lower price to a wider variety of businesses.
Additionally, SpaceX makes its own upgraded spacecraft and rockets, providing more cheap alternatives and increased efficiency. SpaceX’s regular release calendar will aid Satellogic’s plans to substantially expand its constellation.
Five more satellites aboard Falcon 9 flown to low earth orbit
The release of five more spacecraft by Satellogic was just announced. Aboard the Falcon 9, a recyclable two-stage spacecraft, they were flown to a sun-synchronous earth orbit on SpaceX’s Transporter-4 operation. Satellogic presently maintains 22 high-resolution spacecraft. It is on course to be the first firm capable of reconfiguring the whole planet’s surface in high resolution also with high frequency, thanks to the missions included in this new MLA.
Satellogic wants to launch new satellites every quarter to have more than 200 satellites in orbit by 2025, allowing it to deliver regular sub-meter resolution imaging of the whole Earth’s surface and upwards of 40 revisits of places of interest every day.
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