Satellogic shares surge 10.24% intraday after extending Albania satellite monitoring agreement for 11 months.

Satellogic surged 10.24% intraday after announcing an 11-month extension of its country-wide satellite monitoring agreement with the Government of Albania. The expanded partnership, building on a prior three-year contract, ensures continued high-resolution (50 cm) Earth imagery for national oversight using Satellogic’s NewSat constellation, including dedicated satellites Albania-1 and Albania-2. The move underscores Albania’s commitment to sustained geospatial intelligence and aligns with Satellogic’s strategy to expand recurring revenue from government contracts. The news directly followed similar reports of a 4.8% intraday gain earlier in the day, reinforcing investor confidence in the company’s contract stability and market differentiation in high-frequency Earth observation services.