Satellogic joins global data marketplace to enhance sales and distribution

Satellogic joins global data marketplace to enhance sales and distribution
by Clarence Oxford
Los Angeles CA (SPX) May 07, 2024

Satellogic Inc. (NASDAQ: SATL), a prominent provider of sub-meter resolution Earth Observation (EO) data, has announced its inclusion as a commercial vendor in the Global Data Marketplace (GDMP). This platform facilitates real-time e-commerce transactions for data and analytics services, catering to unclassified space awareness needs for US and global agencies, including the US Space Force.

The Global Data Marketplace streamlines the connection between vendors and consumers of commercial space data on a unified platform. This model supports immediate interactions, payments, and anonymous data transactions for entities in the commercial, government, academic, and allied sectors. Satellogic's participation allows it to efficiently engage with federal agencies and contractors via an online process.

Satellogic's capabilities on the GDMP platform include marketing and selling products, crafting order proposals, and servicing approved orders.

This year, the U.S. Department of Defense enhanced its classification policy, which aligns with the National Defense Strategy by facilitating broader access to information and easing integration challenges with allies, partners, and commercial space entities.

The GDMP represents an initiative by the US Government to overhaul traditional procurement methods and reduce entry barriers for providers, including those with international roots. Joining the GDMP is a key advancement in Satellogic's strategy to become an essential partner for US and global agencies, enhancing its visibility and operational reach.

"We are excited that the US Government is taking an innovative and disruptive approach to procurement and leveraging a broader set of commercial capabilities," said Matt Tirman, President of Satellogic. "Satellogic's portfolio of cost-effective, low-latency, and high-resolution electro-optical imaging is a great benefit to this platform since it gives government users the ability to easily and affordably purchase directly from Satellogic."

Operating the world's largest commercial fleet of submeter-resolution EO satellites, Satellogic provides vital EO data to governments and corporations, supporting improved decision-making processes. The company is committed to advancing cost efficiency and rapid technological iterations to broaden access to essential planetary and terrestrial data.