Satellogic shares surge 39.84% after-hours as Cantor Fitzgerald reiterates Overweight rating citing Merlin satellite growth and 94% YoY revenue jump.

Satellogic Inc. surged 39.84% in after-hours trading following Cantor Fitzgerald’s reaffirmation of an Overweight rating, driven by improved fundamentals and the upcoming Merlin satellite system. The firm highlighted Satellogic’s 94% year-over-year Q4 2025 revenue growth to $6.2 million and projected 92% revenue growth for 2026, alongside Merlin’s potential to deliver daily 1-meter global coverage. Management confirmed Merlin’s customer-funded development and a planned 2026 launch, with initial operational capacity by mid-2027. The analyst also cited Satellogic’s 72% gross margin advantage and underutilized satellite capacity as growth catalysts. These developments, combined with strong Q4 results and strategic vertical integration, fueled investor optimism despite mixed valuation concerns in other reports.