Satellogic shares skyrocket on multiple launch agreement with SpaceX

Satellogic

04/05/2022 15:18

** Geospatial analytics operator Satellogic shares  SATL.O  
rise as much 14.5% at $10.3, their highest level since Jan 21
    ** Announces multiple launch agreement with SpaceX for next
68 Sub-Meter Resolution Earth observation satellites
    ** Agreement positions co to achieve weekly remapping of
Earth's surface in 2023 and over 20 daily revisits of any point
of interest
    ** Co aiming to grow its constellation to over 200
satellites by 2025
    ** Up to Tuesday's close, stock had fallen 7.22%

 (Reporting by Shreyaa Narayanan in Bengaluru)
 ((Shreyaa.Narayanan@thomsonreuters.com))