Manifest Space: Remapping the World with Satellogic CEO Emiliano Kargieman 7/6/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 6 July 2023
⏱️ 22 minutes
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| 0:00.0 | A remap of the Earth every two weeks. That's essentially the current game plan for |
| 0:05.8 | Saddilogic, a company specializing in high-resolution Earth observation imagery. |
| 0:10.3 | Satologic now boasts the largest commercial constellation of sub-meter |
| 0:14.8 | resolution satellites in the world, but it has much farther to go. |
| 0:19.1 | A goal of 200 in orbit. |
| 0:21.3 | Our goal is to remap the entire surface of the planet every single day |
| 0:25.4 | except meter resolution. So the idea is to build essentially a live catalog of |
| 0:29.9 | everything happening on the planet so that you know any day you can wake up and you want to see |
| 0:34.4 | what's going on somewhere and you can you know look in and go take a look what happened yesterday. |
| 0:39.5 | Satologic went public via a SPAC in early 2022. The stock has plunged some 80% since then, with a market |
| 0:46.6 | value now below $200 million. But revenue has grown up 42% last year. |
| 0:52.7 | For investors though, the key is cash. |
| 0:54.9 | Does the company have enough to build and deploy all of those satellites? |
| 0:58.6 | On this episode, co-founder and CEO Emiliano Kargaman, who goes by EK for short, joins me to discuss the constellation, |
| 1:06.7 | the tech capabilities, and Sadologics Business Case. |
| 1:11.1 | I'm Morgan Brennan and this is Manifest Space. |
| 1:14.0 | So we're a high resolution imaging company. |
| 1:19.0 | So we're a high resolution imaging company. |
| 1:22.0 | I started a company 13 years ago and what we set out to do was basically rebuild satellites for high resolution imaging |
| 1:35.0 | in a way that would allow us to roll out a very large constellation. Started at the company, a high resolution imaging satellite costs |
| 1:38.0 | 300 or 400 million dollars apiece. |
| 1:40.0 | And we needed, because of our business model, we wanted to put a few hundred of the satellites in orbit. So, you know, we couldn't do it at that price point. So we focus for a long period of time in bringing the cost down of building high resolution imaging |
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