Satellogic Inc
🧟 ZombieTrust Size
$250M
Peak Price
$14.00
Current Price
$1.20
Return
-88.0%
Peak Market Cap
$2.0B
What Happened
Argentine satellite imaging company that went public via Cantor Fitzgerald SPAC. Crashed 88% as the commercial satellite market proved far smaller than promised.
Satellogic merged with CF Acquisition Corp V in January 2022. The company operates a constellation of sub-meter resolution Earth observation satellites. It promised to make satellite imagery affordable for every business on Earth. But the commercial market for satellite imagery is dominated by established players like Maxar and Planet Labs. Revenue never materialized at scale — under $10M annually vs $100M+ projected. The stock fell from $14 to barely above $1.
Projections vs. Reality
Projected Revenue
$100M
What they told investors
Actual Revenue
$8M
What actually happened
Hype-to-Reality Ratio: 8.0x
Key People
Emiliano Kargieman
CEO & Founder
Argentine tech entrepreneur
Howard Lutnick
SPAC Sponsor (CF)
Cantor Fitzgerald CEO, 5th SPAC deal
Timeline
2021-07
SPAC merger announced
2022-01
Merger completed
2022-06
Stock falls 60%
2023-06
Revenue far below projections
2024-01
Stock at $1.20, delisting warnings
📄 SEC Filings
View all EDGAR filings for Satellogic Inc
Risk Scores
Dilution Score
65/100
Insider Profit Index
55/100
Hype-to-Reality Ratio
8.0x
Projected ÷ actual revenue