Satellogic Inc. appointed Frank Dixon Whitworth III as President, effective September 7, 2026. Mr. Whitworth is a retired U.S. Navy Vice Admiral and former Director of the National Geospatial-Intelligence Agency. His compensation package includes a $400,000 base salary, a target bonus of $240,000, and an initial RSU grant valued at $1,875,000 for his first year. The company operates in the space technology industry, providing Earth observation data and imagery services.

Satellogic Inc. reported financial results for the second quarter ended June 30, 2026, announcing a 259% year-over-year revenue increase to $15.9 million and achieving its first quarter of positive operating income at $0.3 million. The company also recorded its first positive Adjusted EBITDA of $2.8 million on a non-GAAP basis, despite reporting a GAAP net loss of $20.0 million driven by a $19.7 million non-cash charge from the fair value remeasurement of financial instruments. During the quarter, Satellogic converted $12.0 million of Secured Convertible Note principal into 10.0 million shares of Class A common stock, reducing outstanding debt to $18.0 million, and ended with $112.8 million in cash. The company also secured a one-year defense agreement valued at over $18 million and a $12 million satellite sale agreement, while maintaining its Merlin constellation launch timeline for late 2026. Satellogic Inc. operates in the aerospace industry, providing persistent global intelligence through high-resolution Earth observation satellites.

Satellogic Inc. announced that CFO Rick Dunn will step down at the conclusion of a transition period. The company has commenced a search for a successor and will provide Mr. Dunn with severance benefits including six months of base salary continuation and COBRA expenses.