Satellogic

Satellogic Inc. is an Earth observation company that designs, manufactures and operates its own satellites and sells the resulting geospatial data and satellite systems. It was founded in 2010 by Emiliano Kargieman and Gerardo Richarte and maintains a corporate presence in Delaware with a headquarters address in Davidson, North Carolina, plus locations in Montevideo (Uruguay), Buenos Aires and Cordoba (Argentina), and Barcelona (Spain). The company began launching its Aleph-1 constellation of ÑuSat/NewSat satellites in May 2016 and, as of September 2025, had launched more than 50 such satellites; as of June 2024 it reported 26 satellites in operation. Its stated objective is a 200+ satellite constellation able to remap the planet weekly at high resolution.

The product portfolio is organized around asset monitoring using sub-meter imagery (defense and security, infrastructure, agriculture, environmental monitoring), Constellation-as-a-Service subscriptions in which a dedicated fleet and associated training and technology transfer are provided to a customer, and sales of satellite hardware carrying multispectral and hyperspectral sensors, full-motion video, inter-satellite radios and onboard computing. Customers task imagery and search the archive through the Aleph platform and an API. Satellites are specified at 51 x 57 x 82 cm, 40 kg dry mass / 50 kg wet mass, a three-month development cycle and a 3-5 year design life; commercial satellites carry a high-resolution multispectral payload and a hyperspectral camera at 30 m GSD with a 150 km swath from a 470 km altitude. Imagery is offered at up to 50 cm super-resolution based on 70 cm native resolution.

The company reported revenue of roughly $6-8 million for 2022 and about $10 million for 2023, and trailing-twelve-month revenue of $31.9 million with a net loss attributable to common shareholders of $103.9 million as of mid-2026 reporting. More recent public materials describe a shift toward government and defense intelligence customers, a reported backlog of $65.1 million, and newer offerings including the Aleph Observer daily high-resolution monitoring service and Merlin constellation.

Founding story

In the summer of 2010, after time spent at NASA's Ames Research Center in Mountain View, California, Emiliano Kargieman began developing the concepts behind Satellogic, aiming to apply lessons from two decades of information technology to satellite services and to deliver spatial information services without large infrastructure investments. He founded the company with his friend and colleague Gerardo Richarte in July 2010; Kargieman had previously co-founded Core Security Technologies and the venture firm Aconcagua Ventures.

Business model

Satellogic is vertically integrated: it builds its own satellites and monetizes them both as a data provider and as a hardware and capability vendor. Revenue lines comprise imagery and geospatial data access (tasking and archive via the Aleph platform and API), subscription-based Constellation-as-a-Service arrangements giving a customer assured access to a dedicated fleet, direct sales of satellite systems to sovereign and institutional buyers, and related support and technology-transfer services.

Mix of data/imagery sales and tasking, multi-year subscription contracts (Constellation-as-a-Service and monitoring agreements) and one-off satellite hardware sales such as the $18 million sovereign satellite sale to the Government of Portugal. Reported revenue was approximately $6-8 million in 2022 and about $10 million in 2023; trailing-twelve-month revenue was $31.9 million and Q2 FY26 revenue $15.92 million, against continuing net losses.

Traction

More than 50 ÑuSat/NewSat satellites launched since May 2016, with 26 in operation as of June 2024 and launches continuing through NewSat 53 and 54 on 30 March 2026. Commercial milestones include contracts with NASA CSDA, the Brazilian Air Force and the Taiwan Space Agency; Constellation-as-a-Service programs with Albania (September 2022), TATA Advanced Systems (November 2023) and Uzma (December 2023); an $18 million satellite sale to Portugal; and a one-year Earth observation imagery contract of more than $18 million with an international defense customer. Reported backlog was $65.1 million, and the company reported record revenue and its first positive quarterly result on a reported basis in Q2 FY26 coverage.

Latest developments

In January 2026 Satellogic closed a $35 million registered direct offering of 7,399,578 Class A shares, following an $18 million sovereign satellite sale to Portugal and a seven-figure monitoring agreement. In 2026 it appointed Jamil Kawar as Senior Vice President, Space Systems, added retired US Army Lieutenant General Michael E. Williamson to its board as an independent Class III director, and secured a one-year Earth observation imagery contract worth more than $18 million with an international defense customer. Q2 FY26 results showed record revenue of $15.92 million with a $20.05 million loss, and the company promoted its Aleph Observer daily monitoring service and the sale of dedicated satellites to sovereign customers, alongside CEO commentary on visual language AI models for Earth observation.