HEO Acquires NewSat-34 Satellite, Enhancing Australian Space Capability
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Satellogic and HEO announced an agreement that establishes a "significant new pillar of Australian sovereign space capability," the company said. Through the full title acquisition of the in-orbit NewSat-34 satellite, a Mark IV-g satellite currently in orbit, HEO becomes the first Australian entity to own and operate a sub-meter resolution satellite. The satellite is already in orbit and actively collecting data, providing HEO with immediate operational capacity. Renamed Continuum-1, this acquisition represents a milestone in Australian space sovereignty and marks the first time Satellogic has sold a legacy, in-orbit satellite through its Sovereignty Government Program.
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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.
