HEO Acquires New Satellite to Enhance Australian Space Capability
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: Newsfilter
- Milestone Satellite Acquisition: HEO's acquisition of the in-orbit NewSat-34™ satellite makes it the first Australian entity to own and operate a sub-meter resolution satellite, marking a significant advancement in Australia's space sovereignty.
- Enhanced R&D Capabilities: Renamed Continuum-1, the satellite will serve as HEO's dedicated non-Earth imaging R&D testbed, enabling the testing of novel image acquisition modes and accelerating the development of autonomous imaging systems.
- Support for National Interests: As Australia's first sub-meter resolution remote sensing satellite under sovereign control, Continuum-1 extends the operational life of a legacy satellite while providing independent access to critical imaging capabilities for national interests.
- Strengthened Commercial Relationship: This acquisition deepens the collaboration between Satellogic and HEO, allowing HEO to fully control satellite operations and integrate the entire imaging service cycle, enhancing its competitiveness in the space sector.
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About SATL
Satellogic Inc. is a vertically integrated geospatial analytics company. It is a provider of high-resolution satellite imagery to governments and commercial customers worldwide. Through its subsidiaries, the Company invests in the software, hardware, and optics of the aerospace industry, focusing on satellite and image analytics technologies. It is engaged in building a fully automated earth observation platform with the ability to remap the entire planet at both high-frequency and high-resolution, making satellite imagery accessible to drive global decision-making. It offers the purchase-to-orbit opportunity for submeter optical satellites. Its Space Systems offering includes NewSat Mark V models; high-launch cadence via SpaceX; direct tasking over any point of interest; optional end-to-end support, including ground segment and data management; global access empowering sovereign missions, and add-on supplemental coverage for multiple daily revisits via the satellogic constellation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
