5 High Growth Penny Stocks to Buy

2. Satellogic Inc. (NASDAQ:SATL)

On June 23, 2026, Satellogic Inc. (NASDAQ:SATL) and SynMax announced a strategic collaboration to develop and deliver AI-powered geospatial intelligence products for defense and intelligence customers. The collaboration pairs SynMax’s agentic intelligence layer with Satellogic’s constellation, including existing high-resolution satellites, on-satellite AI, and the forthcoming Merlin constellation. Merlin is designed to deliver global coverage at one-meter resolution as the network expands, beginning with its first launch in October.

On June 10, Roth Capital said the planned departure of Satellogic CFO Rick Dunn “represents an orderly management transition.” Roth Capital said the company’s fundamental growth remains unchanged and expects continued momentum in the coming quarters. The firm also still expects more international government business in the coming quarters and believes the Merlin constellation remains on track for initial first half of 2027 deployment. Roth Capital kept a Buy rating and $15 price target on Satellogic.

Earlier, Satellogic disclosed that Rick Dunn will step down as Chief Financial Officer at the end of an agreed transition period. The company began a search for a successor, while Dunn will continue in the role during the transition. CEO and co-founder Emiliano Kargieman said Dunn was “instrumental” in taking Satellogic from a private company to a Nasdaq-listed company and said the business is in its strongest financial position in corporate history. Kargieman also cited “revenue momentum,” operating leverage, a strong balance sheet, and a fully funded technology roadmap.

Satellogic Inc. (NASDAQ:SATL) operates as a vertically integrated earth observation company across Europe, the Asia Pacific, Asia, North America, and South America.