Satellogic set to sell its Earth-imagery satellites
Satellogic is a South American company known for high-resolution multispectral imagery. They are selling Earth-observation satellites for $10 million or less.
Satellogic has introduced a new Space Systems product that targets customers interested in developing their space capabilities rather than just purchasing images.
According to Satellogic’s chief commercial officer, Matt Tirman, this type of satellite is sought after by space agencies worldwide for various purposes, such as civil, research, and defensive and intelligence. He also mentioned that there is a high demand for this product.
Satellogic is providing its customers with the option to receive delivery of their satellite orders within three months.
In addition, the company is offering to transfer intellectual property to its clients. According to Matt Tirman, Satellogic’s chief commercial officer, some customers have requested the company’s advice on how to set up an assembly, integration, and testing facility.
Satellogic is not subjected to U.S. export controls such as the International Traffic in Arms Regulations, and customers do not need a National Oceanic and Atmospheric Administration license for Earth imagery because the company is not based in the United States.
This exemption from ITAR and NOAA licensing requirements is a significant advantage for both Satellogic and the market.
Satellogic was established in 2010 and currently operates a constellation of 30 Earth-observation satellites.
By the end of this year, the company plans to increase its satellite count to over 40 to meet the demand for Earth imagery, analytics, and satellite tasking services from its customers, according to Matt Tirman, Satellogic’s chief commercial officer.
The company’s ability to build high-quality smallsats at scale for a lower cost compared to traditional Earth-observation satellites is a significant aspect of its business, Tirman added.
Over the past two years, the demand for satellites has increased, particularly from emerging space programs in Africa, Asia, Europe, and the Middle East, which led to the creation of Satellogic’s Space Systems arm in January.