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Satellogic Announces Closing of $35 Million Registered Direct Offering of Common Stock
Globenewswire· 2026-01-27 21:12
Core Viewpoint - Satellogic Inc. has successfully closed a registered direct offering of 7,399,578 shares of Class A Common Stock, raising approximately $35 million to strengthen its balance sheet and support ongoing commercial momentum [1][3]. Financing Details - The offering was conducted with a single institutional investment manager, with Titan Partners acting as the lead placement agent and Craig-Hallum as the co-placement agent [2]. - The net proceeds from the offering will be allocated towards growth initiatives, satellite infrastructure, working capital, and general corporate purposes [3]. Commercial Momentum - The financing follows significant commercial achievements, including an $18 million satellite sale to the Government of Portugal and a seven-figure monitoring agreement with a strategic customer [4]. - The company has also been involved in enhancing Australia's sovereign space capabilities, indicating a growing demand for its services [4]. Strategic Developments - The appointment of Jeffrey Kerridge as SVP Sales in Q4 2025 is part of the company's strategy to enhance its sales capabilities and reflects the increasing adoption of its services [5]. - CEO Emiliano Kargieman emphasized that the recent financing and commercial wins indicate a strong start to 2026, with expectations for accelerated growth and enhanced in-orbit capabilities [6]. Company Overview - Founded in 2010, Satellogic is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems, providing decision-grade insights to government and commercial customers [8]. - The company's integrated approach allows for predictable satellite deployment and persistent coverage, enabling proactive decision-making for various sectors [9].
Satellogic Announces Pricing of $35 Million Registered Direct Offering of Common Stock
Globenewswire· 2026-01-26 13:37
Core Viewpoint - Satellogic Inc. has announced a registered direct offering of 7,399,578 shares of Class A common stock at a price of $4.73 per share, aiming to raise approximately $35 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on January 27, 2026, pending customary closing conditions [1]. - Titan Partners is the lead placement agent, with Craig-Hallum acting as co-placement agent for the offering [2]. - The shares are being offered under a "shelf" registration statement previously filed with the SEC [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for Satellogic's growth initiatives, including investments in constellation and satellite infrastructure, working capital, and general corporate purposes [2]. Group 3: Company Overview - Founded in 2010, Satellogic is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems, providing decision-grade insights to government and commercial customers [5]. - The company offers flexible options for sovereign Earth observation, including high-frequency imagery and managed space systems [5][6]. - Satellogic's integrated approach allows for predictable satellite deployment timelines and supports continuous monitoring for various sectors, including defense and intelligence [6].
Top 3 reasons to sell AST SpaceMobile stock as it soars on new SHIELD contract
Invezz· 2026-01-16 18:10
Copy link to section With a market cap that now sits well above $40 billion, ASTS is no longer a speculative penny stock – it's priced as if global success is a certainty. AST SpaceMobile (NASDAQ: ASTS) pushed meaningfully higher to print a record high of nearly $120 this morning after being picked as a prime contractor for the SHIELD program. "SHIELD†is part of a broader $151 billion defense framework aimed at protecting against missile, space, and cyber threats – and ASTS is now positioned to bid directly ...
Artificial Intelligence Production in Space: PowerBank Shares Additional Update on Collaboration with Smartlink AI
Prnewswire· 2026-01-08 12:07
Core Viewpoint - PowerBank Corporation has successfully launched the Genesis-1 satellite in collaboration with Smartlink AI, marking a significant milestone in the deployment of artificial intelligence models in orbit, which is expected to enhance the capabilities of future satellite networks [1][2][3]. Company Overview - PowerBank Corporation is a leader in North American energy infrastructure development, focusing on renewable and clean energy projects, particularly distributed and community solar projects in Canada and the USA [6]. - The company has developed renewable energy projects with a combined capacity exceeding 100 megawatts and has a potential development pipeline of over one gigawatt [6]. Collaboration with Smartlink AI - The Genesis-1 satellite, launched on December 10, 2025, is confirmed operational and is processing data onboard, demonstrating the feasibility of on-orbit computing [2][3]. - This satellite represents the first operational element of Smartlink AI's planned satellite network, which aims to expand capabilities and resilience through coordinated operations of multiple satellites [4][5]. - PowerBank is expected to play a significant role in the expansion of the Orbit AI project, particularly in providing solar energy and thermal control as satellite payloads scale [5]. Industry Context - The achievement of the Genesis-1 satellite comes at a time when there is increasing industry focus on orbital AI computing, driven by rising power demands and limitations of terrestrial data centers [3]. - Smartlink AI plans to launch a second satellite in Q1 2026, with additional launches to follow, indicating a strategic approach to building a robust satellite network [5].
BlackSky Technology (BKSY) Launches Third Gen-3 Satellite for Real-Time, AI-Powered Geospatial Intelligence
Yahoo Finance· 2026-01-02 14:10
BlackSky Technology Inc. (NYSE:BKSY) ranks among the best AI stocks to buy according to analysts. On December 17, BlackSky Technology Inc. (NYSE:BKSY) stated that it had successfully brought its third Gen-3 satellite into commercial operations, only three weeks after debut. The satellite incorporation represents a considerable increase in commissioning speed when compared to earlier launches, with the company noting that although its first Gen-3 satellite took five days to give early imagery, both of the s ...
L3Harris Technologies, Inc. (LHX) Wins $843M Contract For Missile Tracking Satellites
Yahoo Finance· 2025-12-23 21:54
Core Viewpoint - L3Harris Technologies, Inc. has secured a significant $843 million contract for developing missile tracking satellites, indicating strong growth potential in the defense sector [1][2][3]. Group 1: Contract Details - The contract involves the development of 18 infrared satellites for the Tranche 3 (T3) Tracking Layer, which will include ground assistance, sustainment, and operational functions [2]. - This new contract adds to previous orders for 34 satellites in development for Tranche 1 (T1) and Tranche 2 (T2) [2]. Group 2: Strategic Importance - The satellites will be part of the Space Development Agency's Proliferated Warfighter Space Architecture (PWSA) constellation, aimed at defending the U.S. from hypersonic and ballistic missile threats [3]. - The CEO of L3Harris emphasized the importance of these satellites in advancing tracking and targeting capabilities necessary for national defense [3]. Group 3: Market Outlook - Morgan Stanley upgraded L3Harris's rating to Overweight from Equal Weight and increased the price target from $350 to $367, citing potential catalysts such as the Golden Dome project in 2026 [3]. - As of December 22, analysts have a Moderate Buy rating on the stock, with a one-year average price target of $334, indicating a potential upside of 13% [4]. Group 4: Company Overview - L3Harris Technologies provides comprehensive technology solutions that connect various domains including air, land, space, sea, and cyber for national security [4].
Why EchoStar Stock Crept Higher Today
The Motley Fool· 2025-12-19 23:55
The company has quite an interesting asset in its portfolio.A rather up-and-down stock lately, satellite technology specialist EchoStar (SATS +1.29%) had a good trading session on Friday. Its shares rose by more than 1%, edging past the bellwether S&P 500 index, largely on an analyst's rather generous price target raise. A bull weighs in with a new takeThe person behind the raise was Deutsche Bank (prognosticator Bryan Kraft. Well before market open that day, Kraft elected to boost his fair value assessment ...
安徽实现“五算合一”体系全面贯通
Xin Lang Cai Jing· 2025-12-19 16:22
(来源:新安晚报) 安徽省算力统筹调度平台自2024年5月上线以来,已成功实现"通算、智算、超算、量算"为一体的四算 合一调度体系。截至目前,平台已汇聚通用算力639.2P,智能算力41493.6P,超级算力33.3P,量子算力 2070比特,天基算力1.1P,算力调度涉及金额超4亿元,累计兑现省内人工智能补贴近2600万元,赋能 科学大脑、自动驾驶、人形机器人、汽车、金融等领域发展。 转自:新安晚报 本报讯 12月18日,在安徽中科卫星空天信息产业基地,卫星数据与算力基础设施的一次里程碑式的深 度融合,宣告安徽加载"第五算力",为千行百业的智能应用筑牢坚实底座。 安徽省算力统筹调度平台接入"天基算力"后,可进行存档影像、编程拍摄等多种卫星遥感服务,同时上 架2款AIRSAT卫星算力产品,并提供5款卫星遥感应用场景,实现天基数据与多类型算力深度协同,直 达农业监测、环境保护、应急指挥、国土规划等多样化的应用场景,实现从"数据到信息、信息到决 策"的快速速转化。 在当天举行的"安徽省算力统筹调度平台与中科卫星运营调度平台互联互通暨卫星数据赋能场景创新发 布会"上,由芜湖市大数据建设投资运营有限公司投资建设的安徽 ...
X @SpaceX
SpaceX· 2025-12-12 21:17
Industry Application - Starlink provides high-speed internet for off-road racing teams in remote desert terrains [1] - Starlink's satellite technology enables real-time communication, story sharing, and livestreaming for racers [2] - Racing speed reaches 240 kph (approximately 150 mph) across more than 1,600 km (approximately 1,000 miles) [2] Technological Advancement - Starlink's Performance Kits are deployed on racing trucks and helicopters [1] - This technology is essential to winning races and an industry first for the sport [2]
Market Fetes Planet Labs' Earnings Beat, But High Multiples, Dilution Risks Loom
Seeking Alpha· 2025-12-12 11:25
Group 1 - The core focus of Planet Labs PBC is transitioning from a data-first company to a satellite manufacturer, which has led to a surge in stock value due to revenue growth [1] Group 2 - The article highlights the importance of understanding the company's strategic shift and its implications for future performance [1]