{"id":209834,"date":"2023-11-21T19:04:25","date_gmt":"2023-11-22T00:04:25","guid":{"rendered":"https:\/\/spacenews.com\/?p=209834"},"modified":"2023-11-21T19:04:27","modified_gmt":"2023-11-22T00:04:27","slug":"satellogic-gets-noaa-license-for-move-to-the-united-states","status":"publish","type":"post","link":"https:\/\/spacenews.com\/satellogic-gets-noaa-license-for-move-to-the-united-states\/","title":{"rendered":"Satellogic gets NOAA license for move to the United States"},"content":{"rendered":"

TAMPA, Fla. \u2014 Satellogic has received a remote sensing license in the United States, the Earth observation operator announced Nov. 21 as it moves operations to the country from Uruguay in search of more government business.<\/p>

The National Oceanic and Atmospheric Administration (NOAA) license covers 36 sub-meter resolution satellites already in low Earth orbit, Satellogic president Matt Tirman said, as well as plans to grow the constellation in coming years.<\/p>

The company said NOAA granted the license following an inter-agency review that assessed national security and other risks. <\/p>

It is Satellogic\u2019s first such license because Uruguay does not have regulation requiring it \u2014 or a remote sensing agency.<\/p>

Currently headquartered in Montevideo, Uruguay, and registered in the British Virgin Islands, Satellogic recently outlined plans to relocate<\/a> to sell high-resolution multispectral imagery directly to the U.S. government instead of through third parties.<\/p>

The company announced plans to redomicile to Delaware Sept. 21, when it reported a $30 million net loss for the first half of 2023, compared with a $8 million net loss for the same period in 2022.<\/p>

Although revenue jumped 33% year-over-year to $3.2 million for the period, this is far behind the $30-50 million the company expected in December to make for the full year. The company had earlier projected $132 million in sales for 2023.<\/p>

Satellogic\u2019s shares started a downward trend shortly after listing on NASDAQ in early 2022, joining other underperforming space stocks<\/a> that went public by merging with a blank check firm known as a special purpose acquisition company (SPAC). <\/p>

From a high this year of $4.03, the shares recently reached a new low of $0.69 before rising to trade around the $1 mark. <\/p>

Tirman, formerly Satellogic\u2019s chief commercial officer who was promoted in September to lead relocation efforts, said the company will work with a ground station provider in the United States as part of plans to move operational control of the constellation to the country.<\/p>

Satellogic ultimately aims to operate a full constellation of 200 satellites so it can map the world daily.<\/p>

The operator builds its dishwasher-sized spacecraft in-house, and announced plans earlier this year<\/a> to also sell them to other companies, although it has not yet announced a customer for this line of business.<\/p>","protected":false},"excerpt":{"rendered":"

Satellogic has received a remote sensing license in the United States, the Earth observation operator announced Nov. 21 as it moves operations to the country from Uruguay in search of more government business.<\/p>\n","protected":false},"author":11009,"featured_media":123325,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_jetpack_memberships_contains_paid_content":false,"mc4wp_mailchimp_campaign":[],"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"footnotes":""},"categories":[4148,4161],"tags":[820,2154],"newspack_spnsrs_tax":[],"coauthors":[3507],"class_list":["post-209834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-archive","category-news-archive","tag-noaa","tag-satellogic","entry"],"yoast_head":"\nSatellogic gets NOAA license for move to the United States - 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