Satellogic develops and operates commercial satellites and space systems. The company plans to expand its U.S. strategy, pursue the National Security market, and explore global Space Systems opportunities. It secured $30 million from Tether Investments to support planned growth in 2024. The financing is structured as secured convertible notes bearing a floating interest rate of SOFR plus 6.50%, with a potential 4.0% increase in certain default scenarios. The notes are backed by substantial assets of the company and its subsidiaries, including intellectual property, and convert into Class A ordinary shares at $1.20 per share subject to CFIUS approval and standard anti-dilution adjustments. The transaction includes covenants restricting additional debt, asset sales, and dividends, grants Tether pre-emptive rights and registration rights, and was completed as a private placement exempt from Securities Act registration. A filed Form 8-K states that Liberty Strategic Capital, associated with Secretary Steven Mnuchin, will invest $150 million in Satellogic and CF Acquisition Corp. V. The filing identifies the SPAC as CF Acquisition Corp. V (Nasdaq: CFV). The provided article text does not describe Satellogic’s products, core operations, future plans, or operating metrics. The article also does not disclose the financing instrument(s) or detailed terms of the investment beyond the $150 million amount. The Form 8-K and the named investor (Liberty Strategic Capital) are the primary disclosures in the text. Satellogic develops and operates Earth-observation satellites equipped with multispectral and hyperspectral cameras, offering 1-meter multispectral and 30-meter hyperspectral imaging. The company currently operates eight spacecraft in orbit and is adding two NewSat Mark IV satellites launching Jan. 15 on a Long March 2D rocket. Its product offering combines imagery with analytics and insights derived from satellite data. Satellogic plans to launch 80 or more satellites over the next two years and already has contracts in place to support that buildout. To support growth it is expanding its assembly and test facility in Uruguay. The company was founded in 2010 and recently closed $50 million in new funding to help fuel continued expansion. Satellogic builds affordable, high‑resolution imaging micro‑satellites capable of capturing 1‑meter‑resolution photos of Earth. Its platform also delivers hyperspectral imaging from orbit with 30‑meter spatial resolution. Hyperspectral data can be used for mineral and oil prospecting, forestry monitoring, weather forecasting, and climate‑change monitoring. The company launched its sixth micro‑satellite on June 15 aboard a Long March‑4B rocket from Jiuquan Satellite Launch Center. Founded in 2010, Satellogic competes with larger constellations by focusing on lower‑cost smallsats and hyperspectral capability. The company raised $27M in a Series B led by Tencent. Satellogic develops small imaging satellites equipped for high-resolution Earth observation; its third successful launch, Tita, was the first with high-resolution imaging capability. The company says its satellites are roughly the size of a desktop hard drive and built with newer electronics to enable much faster revisit times. Satellogic claims customers could get repeat images in about five minutes versus roughly three days with existing systems. Management plans to "freeze" the satellite design soon and accelerate deployments, targeting 10–15 launches on the 2015 timeline and ultimately a network of hundreds of satellites in low Earth orbit. The company positions its imagery for monitoring food production and security, energy production and distribution, and natural resource production. Financially, Satellogic has raised $4.5 million from CEO Emiliano Kargieman and undisclosed angel investors.

Total raised

$232M

Funding rounds

5

Latest round

Equity

Latest activity

Jan 2022