Satellogic (Merlin)

Daily global remapping at 1m resolution. 10 ten spectral bands aligned with Sentinel-2, AI-first onboard processing, real-time communications.

• Eight satellites in orbit and plans to launch 16 satellites in 2020.
• SATL is currently flying 26 satellites (2022) and expects to launch “up to” 21 next year. 
• 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.
• The company, in a business update Dec. 15, said it expected to launch 18 to 21 satellites in 2023, giving it enough satellites to map the Earth every two weeks.

• Announced in late 2021 that it will be constructing a high-throughput satellite manufacturing facility in the Netherlands.
• One of the satellites took a pictures of the ISS.
• On April 1, 2022, Palantir and Satellogic launched our first Edge AI-enabled satellite into space as part of the SpaceX Transporter 4 mission. Incorporating Palantir’s Edge AI technology onboard Satellogic’s NewSat will allow us to begin processing imagery data on orbit, separating signal from noise in high-scale data to make the best use of limited bandwidth and enabling more opportunities for customers to gain near real-time data at scale.
• Halifax International raising funds to build imaging satellites for Ukraine. Satellogic would produce satellites for Ukraine under a Halifax International initiative.
• Satellogic expects 2022 revenue to be in the $6M–$8M range. At 6.2M km2 daily, Satellogic claims to have the “largest high-resolution commercial capture capability.”
• We will add up to 21 satellites next year alone, including our MarkV which can image the earth at sub .60CM.
• Revenue shortfall causes layoffs and delays at Satellogic, SpaceNews, 2023-01-02.
• Space Systems; a satellite purchase program that aims to lower the financial barrier to EO spacecraft ownership. Purchase options begin at less than $10 million, and offer flexibility as well as a significantly shortened time-to-operation span of 8-3 months.
• Satellogic lays off 13% of workforce, SpaceNews, 2024-05-27.
• Satellogic: April’s debt financing not enough to fund the business for coming year; seeking new debt, equity sources. Space Intel Report, 2024-09-04.
• Satellogic Announces $10 Million Private Placement Made By a Single Institutional Investor, 2024-12-09.
• Satellogic Launches Very-High Resolution NextGen Satellite Platform for Sovereign, AI-First Earth Observation Missions, 2025-10-13.

Satellogic is creating a live catalog of Earth —delivering daily updates on a global scale— to help decision-makers tackle the biggest challenges of our time with a complete picture of the planet.

• CubeBug-1 (Capitán Beto)
• CubeBug-2 (Manolito)