Satellogic Signs Three-Year Imaging Deal With HEO Through 2029

Satellogic (SATL) signed a three-year agreement with space intelligence company HEO to provide access to its high-resolution satellite network for imaging and analyzing objects in orbit, the company said Thursday. The agreement runs through 2029 and includes a minimum annual commitment worth seven figures in dollars for each of the three years, supporting global space monitoring. The deal extends a partnership that began in September 2020, when the two companies began adapting Earth-observation satellites to image objects in space, starting with the International Space Station. Satellogic is HEO's longest-standing satellite imaging partner, with successful captures rising from about 30 in 2021 to more than 1,600 over the past year. On the Nasdaq, shares were trading 1.18 percent up at $3.8550.