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NEW YORK - Earth observation satellite company Satellogic Inc. (NASDAQ:SATL), currently trading at $3.35 and showing an impressive 242% return over the past year according to InvestingPro, has been added to the U.S. small-cap Russell 3000 Index, effective after market close on June 27, 2025, according to a company statement.
The inclusion in the widely recognized index, which measures the performance of the 3,000 largest U.S. public companies by market capitalization, automatically places Satellogic in either the large-cap Russell 1000 Index or small-cap Russell 2000 Index.
Membership in the Russell indexes is expected to enhance Satellogic’s visibility among institutional investors and potentially increase liquidity for its shares. The indexes are commonly used by investment managers as benchmarks for active investment strategies and for index funds.
"This inclusion is a testament to our team’s dedication, the robust performance of our scalable Earth Observation platform, and our commitment to delivering accessible and affordable insights to customers worldwide," said Emiliano Kargieman, CEO and Co-Founder of Satellogic, in the press release.
Founded in 2010, Satellogic describes itself as a vertically integrated geospatial company that provides high-resolution Earth observation data and insights. The company manufactures its own satellites and offers Earth imaging technology aimed at applications including climate change monitoring, energy supply, and national security.
Satellogic completed its NASDAQ listing in 2022 and has been working to expand its constellation of satellites to increase imaging capacity and data collection capabilities.
In other recent news, Satellogic Inc. has secured a multi-million dollar contract with an undisclosed client in the Asia Pacific region. This agreement involves the use of Satellogic’s NewSat satellite constellation and its Aleph platform, allowing the client to manage satellite imaging tasks directly. Additionally, Satellogic has entered a $30 million multi-year contract to provide AI-powered satellite analytics to a defense and security customer, enhancing operational responsiveness with near-daily, ultra-low latency analytics. These analytics are processed directly onboard Satellogic’s satellite constellation, supporting defense target monitoring and strategic decision-making.
In a move to expand its capital-raising options, Satellogic has signed a Second Amended and Restated Sales Agreement with Cantor Fitzgerald & Co. and Northland Securities, Inc. This agreement allows for the potential sale of up to $50 million in Class A common stock, providing flexibility in raising capital based on market conditions. Satellogic’s recent corporate restructuring, which included domestication in Delaware, has facilitated these updates to its financial instruments. These developments reflect Satellogic’s strategic efforts to advance its satellite solutions and meet the growing demand for timely geospatial data.
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