SFL Missions Inc. Announces Launch and Successful Deployment of Two GHGSat Greenhouse Gas Monitoring Microsatellites
SFL Missions Inc. today announced the successful launch and deployment of the GHGSat-C12 and GHGSat-C13 (also known as Pierre and Valmay, respectively) greenhouse gas monitoring microsatellites developed for GHGSat of Montreal. SFL Missions Inc. developed the satellites on a low-cost, high-performance 15-kg NEMO bus, the same used to build the first nine GHGSat spacecraft.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250624660081/en/
Artist's rendering of GHGSat-C12 and -C13 greenhouse gas monitoring satellites, developed by SFL Missions Inc., in orbit. [Credit: SFL Missions Inc.]
GHGSat-C12 and -C13 launched on June 23 from Vandenberg Space Force Base, California, aboard the SpaceX Transporter 14 ride-share mission. Ground control has established communications with both spacecraft.
'SFL Missions is pleased that GHGSat has once again placed trust in us to support development of its industry-leading commercial greenhouse gas monitoring constellation,' said SFL Missions Director Dr. Robert E. Zee. 'We take pride in developing barrier-breaking, budget-aggressive small satellite missions for commercial, government, and academic customers worldwide.'
GHGSat is the world leader in emissions monitoring technologies and pioneered the first satellite capable of detecting and measuring facility-level greenhouse gas emissions from space. Decision-makers across governments and industries including oil and gas, power generation, mining, waste management, and agriculture rely on GHGSat emissions data to drive emissions reduction and accelerate the decarbonization of the planet.
SFL Missions was selected to develop the two latest satellites due in part to the precise attitude control and target tracking capabilities of its satellite platforms – rare among spacecraft of their size and price points. This enables exact pointing of the onboard sensors, which is vital to the accurate detection and measurement of greenhouse gas emissions from sources on the ground. SFL Missions' platforms have earned a well-deserved reputation for quality, performance and reliability.
In addition, SFL Missions incorporates robust design margins into every satellite, and these include the onboard power systems, data storage, and downlink capacities. These margins in orbit translate into better operations and longer missions, contributing to the better-than-anticipated collection capacity that GHGSat has achieved with its earlier NEMO-based spacecraft.
SFL Missions is building on a heritage that has produced 88 operationally successful missions and 380+ cumulative years in orbit. The firm is developing nano-, micro-, and small satellites and constellations using space-proven bus designs from 3 to 500 kilograms for Earth observation, communications, environmental monitoring, maritime situational awareness, space astronomy, scientific research and more.
Currently expanding its Toronto satellite manufacturing facilities, SFL Missions has 20 satellites under development or awaiting launch. In addition, SFL Missions offers a Flex Production program that will give customers the option of having satellites developed in their own location, at a third-party site, or at the SFL Missions facility.
About SFL Missions Inc. ( https://sflmissions.com )
SFL Missions Inc. generates bigger returns from smaller, lower cost satellites. Small satellites built by SFL Missions consistently push the performance envelope and disrupt the traditional cost paradigm. We build quality small satellites at low cost that work the first time and enable NewSpace companies to mass produce through our Flex Production program. Satellites are built with advanced power systems, stringent attitude control and high-volume data capacity that are striking relative to the budget. We arrange launches globally and maintain a mission control center accessing ground stations worldwide. The pioneering and barrier-breaking work of SFL Missions is a key enabler to tomorrow's cost-aggressive satellites and constellations.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250624660081/en/
CONTACT: Dr. Robert E. Zee
SFL Missions Inc.
[email protected] SFL Missions Inc.
Twitter X @SFLMissions
Instagram at sfl.missions
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: TECHNOLOGY ENVIRONMENT SATELLITE AEROSPACE MANUFACTURING HARDWARE
SOURCE: SFL Missions Inc.
Copyright Business Wire 2025.
PUB: 06/24/2025 11:13 AM/DISC: 06/24/2025 11:12 AM
http://www.businesswire.com/news/home/20250624660081/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Target downgraded, Dollar Tree upgraded: Wall Street's top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The 5 Upgrades: Barclays upgraded Dollar Tree (DLTR) to Overweight from Equal Weight with a price target of $120, up from $95. The company is positioned to benefit from a trade down by consumes, which will accelerates in the second half of 2025, the firm tells investors in a research note. Morgan Stanley upgraded Pinterest (PINS) to Overweight from Equal Weight with a price target of $45, up from $37. The firm's advertising checks are constructive on Pinterest's improving ad efficiency and performance-driven growth. Morgan Stanley upgraded Etsy (ETSY) to Equal Weight from Underweight with a price target of $50, up from $38. The firm sees a more balanced catalyst path for the shares after they underperformed the S&P 500 Index by 20% over the past year. Seaport Research upgraded both Analog Devices (ADI) and Texas Instruments (TXN) to Neutral from Sell with no price target. While the firm sees "no strong catalysts," it acknowledges that it was "wrong" in its prior thought that the analog inventory cycle was not going to improve and the macro economy was slowing. Monness Crespi upgraded Fiserv (FI) to Neutral from Sell with no price target, telling investors that the firm sees fair value at about $155 per share. The firm's sense is that the market has been looking to revalue the stock as long as the Clover volume trajectory remains above double digits over the medium term and it recommends investors to "be ready" for the next opportunity. Top 5 Downgrades: Barclays downgraded Target (TGT) to Underweight from Equal Weight with an unchanged price target of $91. The firm says that absent a bigger strategic shift, the company's sales will continue to underperform. Needham downgraded Sarepta (SRPT) to Underperform from Hold without a price target. The company late Friday reported receiving an informal request from the FDA to voluntarily halt shipments of Elevidys and that it denied this request, the firm tells investors in a research note. Mizuho, Leerink, and Baird also downgraded Sarepta to Neutral-equivalent ratings, while Deutsche Bank cut its rating on the name to Sell. Truist downgraded Biogen (BIIB) to Hold from Buy with a price target of $142, down from $199, after a transfer in coverage. The stock's discounted multiple versus pees is warranted given the "suboptimal" growth outlook for Biogen's commercial franchise, the firm tells investors in a research note. Argus downgraded Elevance Health (ELV) to Hold from Buy, citing the ongoing pressures on the company's profit margins from medical cost trends in its Medicaid and ACA marketplace businesses. Truist downgraded Royal Caribbean (RCL) to Hold from Buy with a price target of $337, up from $275. Truist has observed a bounce-back in bookings since April's pullback, but when averaging March-early July's year over year bookings, demand pace is only up low-to-mid-single digits, well off the high-teens monthly pace that 2024 averaged, the firm tells investors in a research note. Top 5 Initiations: Loop Capital initiated coverage of Autodesk (ADSK) with a Hold rating and $320 price target. Loop is constructive on Autodesk's long-term prospects but believes the stock's current valuation reflects much of its expected growth and execution improvements. Benchmark initiated coverage of General Motors (GM) with a Buy rating and $65 price target, calling the stock "a compelling opportunity for investors seeking exposure to a durable, cash-generative U.S. industrial franchise with underappreciated upside potential." Oppenheimer initiated coverage of Affirm (AFRM) with an Outperform rating and $80 price target, offering 15% upside potential. The firm argues that Affirm stands out as a leader in the Buy Now, Pay Later space with its advanced underwriting, robust funding strategy, strong merchant relationships, and transparent pricing model. Stephens initiated coverage of Paylocity (PCTY) with an Equal Weight rating and $200 price target. The firm believes the company is well positioned to gain share "while navigating sub-optimal labor market conditions," but believes the valuation reflects expectations of a conservative guide with modest outperformance. Barclays initiated coverage of Kroger (KR) with an Equal Weight rating and $75 price target. The firm is positive on Kroger's post-deal refocus. Barclays also started Sprouts Farmers (SFM) with an Equal Weight and Albertsons (ACI) with an Underweight. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 minutes ago
- Yahoo
Northern Oil and Gas (NOG) Fell This Week. Here is Why.
The share price of Northern Oil and Gas, Inc. (NYSE:NOG) fell by 11.39% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week. An aerial view of an oil and gas platform in the middle of the ocean, representing the massive resources harvested by the company. Northern Oil and Gas, Inc. (NYSE:NOG) is the largest publicly traded, non-operated, upstream energy asset owner in the United States that engages in the acquisition, exploration, development, and production of oil and natural gas properties. Northern Oil and Gas, Inc. (NYSE:NOG) fell this week after Mizuho lowered the stock's price target from $33 to $32, while maintaining a 'Neutral' rating on its shares. The analyst expects the NOG to lower its capex budget and volume guidance for 2025 on reduced activity. However, it must be mentioned that at the same time, Piper Sandler raised its price target for Northern Oil and Gas, Inc. (NYSE:NOG) from $30 to $31. This was primarily due to the analyst's long-term bullish outlook for the natural gas sector, especially following the announcement of a $90 billion investment in power and data center buildout during the recent PA Power and Innovation Summit. While we acknowledge the potential of NOG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Oil and Gas Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None.
Yahoo
19 minutes ago
- Yahoo
Cleveland-Cliffs CEO Credits Trump Tariffs For Q2 Steel Rebound
Cleveland-Cliffs Inc. (NYSE:CLF) reported second-quarter 2025 results Monday that showed narrowing losses and record steel shipments, as early benefits from its footprint optimization strategy began to materialize. The steelmaker reported an adjusted loss of 50 cents per share, beating analysts' expectations for a loss of 70 cents. Revenue totaled $4.93 billion, matching estimates but down from $5.09 billion in the same quarter last year. Revenue was spread across infrastructure and manufacturing (31%), distributors and converters (30%), automotive (26%), and steel producers (13%). Liquidity stood at $2.7 billion. Also Read: Adjusted EBITDA turned positive at $97 million (-70% YoY), improving from a loss of $174 million in the prior quarter. The company's steel unit costs declined $15 per ton, driven by idling six underperforming facilities earlier this year. Steel shipments hit a record 4.3 million net tons, up from 3.99 million in the second quarter of 2024, while the average selling price fell year-over-year to $1,015/ton from $1,125. Product mix was led by hot-rolled (40%), coated (27%), cold-rolled (15%), and plate (5%) products, with the remainder split between stainless/electrical and other products such as slabs and rail. The company stated that its operational streamlining initiatives, including the partial or full idling of six plants earlier this year, are already delivering meaningful cost reductions. Steel unit costs fell by $15 per ton quarter-over-quarter, with further gains expected in the second half of 2025. View more earnings on CLF 'Our second-quarter results demonstrate that the footprint optimization initiatives announced a few months ago are already generating a positive impact on both costs and revenues,' said Lourenco Goncalves, Cleveland-Cliffs' chairman, president, and CEO. He added that inventory reductions helped free up working capital during the quarter, accelerating the company's path toward positive free cash flow and debt reduction. The company ended the quarter with $2.7 billion in total liquidity. Outlook For full-year 2025, Cleveland-Cliffs lowered its capital expenditure guidance to $600 million, down from $625 million. Selling, general and administrative expenses were also reduced to $575 million, from prior guidance of $600 million. The company maintained its forecast for $50 per ton in steel unit cost reductions versus 2024. Due to accelerated depreciation of idled assets, depreciation and amortization are now expected to come in at $1.2 billion, up from $1.1 billion. CEO Sees Favorable Steel Conditions Ahead Goncalves emphasized that domestic steel pricing remains strong, and the company's order book is healthy. He noted that a long-term slab supply contract with a competitor, deemed unprofitable due to low index-based pricing, will end in less than five months and will not be renewed. 'Cliffs is a major supplier of steel to the automotive manufacturers, and the Trump Administration continues to show strong support to both the domestic steel and the domestic automotive sectors,' Goncalves said, citing recent tariffs and their positive impact on U.S. manufacturing and jobs. He said foreign competitors will need to establish U.S. steel capacity if they want to access the market, arguing that Cliffs is uniquely positioned as a domestic, publicly traded player focused on automotive, electrical, stainless, and plate steel. Price Action: At last check Monday, CLF shares were trading higher by 8.54% to $10.29. Read Next:Photo by JHVEPhoto via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? CLEVELAND-CLIFFS (CLF): Free Stock Analysis Report This article Cleveland-Cliffs CEO Credits Trump Tariffs For Q2 Steel Rebound originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
