Proven leader in Earth Observation with vertically integrated platform, differentiated technology, and 17 commercial satellites in orbit, representing more capacity than the next four1 Earth Observation companies combined
Satellogic seeks to remap the entire surface of the Earth daily in sub-meter resolution and at an affordable price-point, creating unprecedented commercial applications within a $140 billion Total Addressable Market2 (“TAM”) opportunity
Transaction expected to allow Satellogic to scale its constellation, with the goal of reaching 300+ satellites by 2025, offering enhanced analytics capabilities for commercial, sustainability, and government applications through a live catalog of every square meter of Earth daily
Platform will provide vital information to power the conversation around global challenges including climate change, water and energy use, and food supply
Combination values Satellogic at an implied pro forma enterprise value of $850 million
Leading institutional investors committed to participate in the transaction through a PIPE of $100 million, including SoftBank’s SBLA Advisers Corp. and Cantor FitzgeraldJuly 06, 2021 07:21 AM Eastern Daylight Time
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