Satellogic Inc. (NASDAQ: SATL) has announced the launch of five additional spacecraft from Cape Canaveral Space Force Station.
The satellites were delivered to SSO on SpaceX’s Transporter-4 mission on April 1, 2022, onboard the Falcon 9 reusable, two-stage rocket, under SpaceX’s Rideshare program. All five satellites have made contact with the company’s ground station network with good health reports, bringing Satellogic’s constellation total to 22 satellites on-orbit.
The launch marks the first deployment of Satellogic’s new Mark V satellite model that features improved cameras, radios, computers, and other subsystems compatible with all components from previous models, offering Satellogic’s customers higher quality products.
The remaining satellites are four updated NewSats Mark IV model, which have increased onboard storage and upgrades to its propulsion and navigation systems. The enhancements include manufacturability and cost saving processes used in preparation for the opening of Satellogic’s High-Throughput Plant, which is expected to commence production by the second half of 2022.
By Q1 2023, Satellogic expects to have 34 commercial satellites on-orbit, offering up to seven daily revisits of any point of interest. The company aims to expand its constellation to more than 200 satellites by 2025, in order to provide daily coverage of the entire surface of the Earth.
“We are thrilled to announce this launch and our second mission with SpaceX. We have expanded our fleet by nearly 30% and are on track to launch 12 additional spacecraft this year, which greatly increases our capacity to deliver critical high-resolution data from space,” said Emiliano Kargieman, CEO and Co-Founder of Satellogic. “Democratizing Earth Observation data in order to make satellite imagery accessible and affordable to governments and customers around the world will advance understanding of climate change, infrastructure needs, security risks, natural disasters and supply chain issues, among other applications and uses. The information our company can provide will help develop and power effective solutions to combat today’s most pressing problems.”