. 24/7 Space News .
SPACEMART
Liberty Strategic Capital to invest $150 Million in Satellogic and CF Acquisition Corp V
by Staff Writers
New York NY (SPX) Jan 19, 2022

.

Satellogic, a leader in sub-meter resolution satellite imagery collection, currently 70 centimeters, and CF Acquisition Corp., a special purpose acquisition company sponsored by Cantor Fitzgerald, announced that they have secured an additional $150 million private placement commitment from Liberty Strategic Capital ("Liberty"), a private equity firm founded and led by former U.S. Secretary of the Treasury Steven T. Mnuchin.

This investment brings the total committed capital coming into Satellogic in this series of transactions to more than $265 million, building on the previously announced PIPE offering of $100 million led by SoftBank's SBLA Advisers Corp. and Cantor Fitzgerald, among other top-tier institutional investors. Cantor Fitzgerald has increased its PIPE participation to approximately $58 million from the previously disclosed amount of $33 million.

Both the Liberty and SoftBank SBLA Advisers Corp. placements are subject to lock-up provisions for a minimum of a year. The capital will further position Satellogic to remap the entire surface of the Earth in sub-meter resolution, creating unprecedented data analytics and commercial applications within its $140 billion Total Addressable Market ("TAM").

In connection with Liberty's investment in Satellogic, Secretary Mnuchin will join Satellogic's Board of Directors as Non-Executive Chairman. Chairman and CEO of Cantor Fitzgerald and CFV Howard Lutnick will also join the Board of Directors.

Secretary Mnuchin, Founder and Managing Partner of Liberty, said, "It is hard to overstate the importance of up-to-date, high resolution Earth imagery as an aid to decision making across a broad variety of contexts. As Satellogic builds out its network to provide daily remaps of the Earth's surface at a low cost, we believe the company is well positioned to provide governments and businesses with the information they need to make better, more well-informed decisions with respect to a host of pressing problems. We are excited to partner with Satellogic as they continue to innovate in this exciting and growing market."

Emiliano Kargieman, CEO of Satellogic, said, "We are thrilled to welcome Secretary Mnuchin and Howard Lutnick to the Satellogic Board of Directors, and Liberty and its investors to our ownership as a public company. This transaction is a significant step towards our plan of daily sub-meter resolution world remaps ready to address vast and affordable commercial applications."

Howard W. Lutnick, Chairman and CEO of Cantor Fitzgerald and CFV, stated, "I'm excited Secretary Mnuchin and the team at Liberty share our enthusiasm for the enormous value Satellogic's massive data capacity unlocks. Satellogic's low-earth images will bring unique data sets and global analytics to the private sector and governments world-wide."

The proposed merger with CFV is projected to close in the first quarter of 2022. Liberty's investment in Satellogic is expected to close in mid-February after the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.


Related Links
Satellogic
The latest information about the Commercial Satellite Industry


Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Monthly Supporter
$5+ Billed Monthly


paypal only
SpaceDaily Contributor
$5 Billed Once


credit card or paypal


SPACEMART
Palomar survey instrument analyzes impact of Starlink satellites
Pasadena CA (SPX) Jan 18, 2022
Since 2019, SpaceX has been launching an increasing number of internet satellites into orbit around Earth. The satellite constellation, called Starlink, now includes nearly 1,800 members orbiting at altitudes of about 550 kilometers. Astronomers have expressed concerns that that these objects, which can appear as streaks in telescope images, could hamper their scientific observations. To quantify these effects, a team of researchers studied archival images captured by the National Science Foundati ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

SPACEMART
Crash test dummy

Cosmonauts complete first spacewalk of 2022 to prepare Russian ISS segment

Data-relay system connects astronauts direct to Europe

NASA's newest astronaut class begins training in Houston

SPACEMART
Rocket Lab readies first 2022 Electron Launch, BlackSky adds another mission to manifest

SpaceX launches 2,000th Starlink satellite from Florida

Gilmour Space fires up for 2022 with Australia's largest rocket engine test

Iran tests solid-fuel satellite carrier rocket

SPACEMART
Grounded: First Flight Delay Due to Inclement Weather on Another World

Sols 3357-3360: Edging Closer and Closer to Panari

Curiosity measures intriguing carbon signature on Mars

Steady driving towards ExoMars launch

SPACEMART
China conducts its first rocket launch of 2022

Shouzhou XIII crew finishes cargo spacecraft, space station docking test

China to complete building of space station in 2022

CASC plans more than 40 space launches for China in 2022

SPACEMART
Private investment in space infrastructure hit record $14.5B in 2021

Advances in Space Transportation Systems Transforming Space Coast

Liberty Strategic Capital to invest $150 Million in Satellogic and CF Acquisition Corp V

Palomar survey instrument analyzes impact of Starlink satellites

SPACEMART
Lion will roam above the planet - KP Labs to release their "king of orbit"

NASA satellite servicing technologies licensed by Northrop Grumman

Rusting iron can be its own worst enemy

Using ice to boil water

SPACEMART
Ironing out the interiors of exoplanets

Evidence for a second supermoon beyond our solar system

Unusual team finds gigantic planet hidden in plain sight

Pandora mission to study stars and exoplanets continues toward flight

SPACEMART
Oxygen ions in Jupiter's innermost radiation belts

Ocean Physics Explain Cyclones on Jupiter

Looking Back, Looking Forward To New Horizons

Testing radar to peer into Jupiter's moons









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.