Satellogic announces $12M agreement with sovereign defense customer

Satellogic (SATL) announced an agreement valued at $12M with a sovereign defense customer to deliver a commissioned, in-orbit NewSat satellite from its operational Aleph-1 constellation. The agreement encompasses the sale and full transfer of ownership and operations of the satellite to the customer, along with comprehensive support to develop independent capabilities to command the satellite and to process and use its data for military and civilian applications. The transfer process will begin immediately and is expected to be completed in early 2027, subject to the parties meeting contractual and regulatory milestones. Upon completion, the satellite will be removed from Satellogic’s operational fleet and incorporated into the customer’s sovereign regulatory framework.