Satellogic Shares Up 40% on NASA Earth Observation Contract

Dow Jones

2024-12-06

By Sabela Ojea

Shares of Satellogic surged after the company said it has been selected to be part of a NASA multiple-award Earth observation contract with a maximum cumulative value of $476 million for all award winners.

The stock was up 40% to $3.66 on Thursday. Shares have more than doubled since the beginning of the year, and have more than tripled over the past three months.

The company said that it will provide NASA with high-resolution multispectral imagery. The multiple-award contract will be in place until Nov. 15, 2028.

"This data will be pivotal in efforts to understand and mitigate the effects of climate change, monitor environmental trends, and improve various applications that benefit humanity," Satellogic said.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

December 05, 2024 12:51 ET (17:51 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The multiple-award contract will be in place until Nov. 15, 2028. \n</p>\n<p>\n  \"This data will be pivotal in efforts to understand and mitigate the effects of climate change, monitor environmental trends, and improve various applications that benefit humanity,\" Satellogic said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 05, 2024 12:51 ET (17:51 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4187","symbol_name":"航天航空与国防","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489749382","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489749382","pubTimestamp":1733421060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Satellogic surged after the company said it has been selected to be part of a NASA multiple-award Earth observation contract with a maximum cumulative value of $476 million for all award winners.The stock was up 40% to $3.66 on Thursday. 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