Satellogic shares climb after sale of in-orbit satellite to Australian firm
Satellogic Inc. (NASDAQ: SATL) saw its stock rise 15% on Tuesday after confirming the sale of a legacy in-orbit satellite to Australian space technology company HEO. The Mark IV-g craft NewSat-34, renamed Continuum-1, transfers full ownership to HEO while Satellogic continues to provide operational support. The move establishes Australia’s first so…