SATL launches Merlin, shifting from sub-meter imagery to persistent global monitoring
SATL says Merlin.01 launched in October 2026. Q2 revenue rose 259% to $15.9M and adjusted EBITDA turned positive for the first time, at $2.8M.
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what happened
SATL has outlined a strategic shift away from task-based imagery toward continuous, worldwide intelligence. Merlin.01 was launched in October 2026, and the company is targeting full operations in the second half of 2027. According to TradingView, second-quarter revenue grew 259% year over year to $15.9M. Adjusted EBITDA was positive for the first time, reaching $2.8M.
why it matters
Investors have two signals to weigh: the company is moving toward persistent monitoring, and it has posted positive adjusted EBITDA for the first time alongside fast revenue growth. Full operations are not expected until the second half of 2027, so the next phase depends on meeting that timeline.
market impact
SATL: fast revenue growth and positive EBITDA support interest in the stock, but full rollout is pushed to 2027.
tags
instruments
sources
- SATL: Merlin launches the shift from sub-meter imagery to persistent global monitoring — TradingView, 20 October 2026 at 21:03 UTC
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