BUZZ-Satellogic successfully launches its first "Merlin" satellite; stock price soars

October 2 - ** Geospatial intelligence company Satellogic (SATL.O) shares rose 6%, to $5.77

** The company said that on October 1, Merlin.01, two NewSat Mark VI satellites and one NewSat Mark V satellite (link) were launched onboard a SpaceX Falcon 9 rocket from Vandenberg

** The satellites have entered sun-synchronous low Earth orbit and have established contact with ground stations; all are functioning well

** The company plans to achieve full operational capability for its Merlin satellite constellation in the second half of 2027

** Including this transaction, SATL shares have more than tripled so far this year

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