Commercial Earth imaging company Satellogic announced Dec. 19 that it has raised $50 million to help it scale up its satellite constellation.
Earth imaging startup Satellogic has signed an agreement with a Chinese company that will give it access to its fleet of satellites for imaging a Chinese province.
Shanghai Academy of Spaceflight Technology, or SAST, is one of two main launch vehicle manufacturers under the China Aerospace Science and Technology Corporation, the main contractor for the Chinese space program, which last year generated revenues of $37.3 billion.
Satellogic, a company developing a constellation of Earth imaging satellites with hyperspectral capabilities, announced Jan. 15 that it will launch its fleet of spacecraft on Chinese rockets.
The number of small satellites launched in 2017 exceeded even the most optimistic forecasts, but continued growth of the market will require new companies to start deploying constellations in the next few years.
Satellogic, a company developing a constellation of satellites designed to provide high-resolution and hyperspectral imagery, has raised $27 million to continue that effort in a round led by a Chinese company.