Satellogic (SATL)
Provides high-resolution imagery, monitoring tools, and sovereign satellite systems.
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Sells satellite imagery, monitoring subscriptions, constellation access, and satellite systems from a vertically integrated Earth-observation platform. Revenue is concentrated in Data & Analytics, with Space Systems, government and defense demand, partner distribution, and Montevideo manufacturing shaping execution.
Builds and operates Earth-observation satellites, then sells Data & Analytics products such as tasking, archived imagery, Aleph Observer, Constellation-as-a-Service, multispectral imagery, and Aleph platform/API access. Space Systems adds satellite sales, licensing, mission operations support, and sovereign-system options.
Revenue is concentrated in North America and is expected near term to come mainly from governments, defense-and-intelligence customers, and selected commercial customers. The company uses partner channels, including Vantor in the United States and Suhora in India and Nepal, alongside direct platform access.
Execution rests on vertical integration, Montevideo assembly and testing, non-ITAR architecture, and founder-led technical management. The business also depends on a small customer base, defense procurement cycles, export-control compliance, satellite capacity, and progress from Aleph Observer toward Merlin.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $10 | Target: $9 |
| Jun 29, 2026 | Freedom Broker | Upgrade | ||
| May 28, 2026 | Northland Securities | Target | Target: $9 | Target: $11 |
| May 27, 2026 | Roth Capital | Target | Target: $10 | Target: $15 |
| May 13, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $7 | Target: $10 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $112.8M · Total debt $96.5M · Total assets $196.2M · Shareholders' equity $33.9M
- Revenue
- $15.9M
- Operating income
- $266.0K
- Net income
- −$20.0M
No dividends on record.
| Institutions | ≈ 65.02% | 99.96M shares | |
|---|---|---|---|
| 197 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 17.38% | 26.71M shares | |
| 10 holders · as of Aug 31, 2026 | |||
| Other | ≈ 17.60% | 27.06M shares | |
| remainder | |||
153.74M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (153.74M in the company's Sep 22, 2026 report, 137.66M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Brandon LutnickInsider10 percent owner | 8.70% | 13.38M A | filed Oct 6, 2025 |
Emiliano KargiemanInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 7.79% | 1.39M A · 10.58M B | filed Jul 22, 2026 |
Liberty 77 Capital L.P.Institution | 6.50% | 10.00M A | as of Jun 30, 2026 |
State Street CorpInstitution | 4.94% | 7.60M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 4.78% | 7.34M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 26, 2026 | Liberty 77 Capital L.P. | director, 10 percent owner: | −10,000,000 | $9.77 |
| May 14, 2026 | Alan Kharsansky | officer: Chief Technology Officer | −87,091 | $8.35 |
| Mar 27, 2026 | Rick Dunn | officer: Chief Financial Officer | +16,695 | $5.91 |
| Mar 30, 2026 | Rick Dunn | officer: Chief Financial Officer | +19,050 | $5.17 |
| Mar 30, 2026 | Matthew Tirman | officer: President | −9,499 | $5.18 |
- Planet Labs
Daily EO monitoring and tasking rival
- BlackSky Technology
Real-time geospatial intelligence and tasking rival
- MDA Space
SAR geointelligence and mission-systems rival
- Spire Global
Space-based data and space-services peer
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Satellogic | $5.57 | −0.27% | $768.1M | — | — | 24.1 | +258.5% |
| Planet Labs | $16.82 | −1.49% | $5.68B | — | — | 15.0 | +58.1% |
| BlackSky Technology | $22.93 | −1.04% | $948.2M | — | — | 8.7 | +50.1% |
| MDA Space | $31.40 | −1.23% | $5.15B | 55.8 | 30.5 | 3.8 | +28.0% |
| Spire Global | $12.22 | +2.17% | $389.1M | — | — | 6.2 | −5.9% |
| Median | 55.8 | 30.5 | 7.5 | +39.1% |