Geosptial imagery provider Satellogic sharply reduces 2023 forecast, delays launches and seeks new funding

by Peter B. de Selding

PARIS — Geospatial satellite imagery provider Satellogic, founded on the premise that sharply lower-cost high-resolution imagery would open vast new commercial markets, continues to struggle to find those markets and now needs substantial cash.

The company has further reduced costs, cutting staff by 110 employees — a 25% reduction — since the beginning of the year and is delaying the production and launch of new satellites.

Satellogic told investors earlier this year it would create a proxy company in the United States to better appeal to U.S . . .

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