Massive Compact Objects (MACHOs) are currently being discovered at higher rates than would be expected from standard models of known stellar populations. To determine whether they are due to non-standard distributions of known populations or to an unknown (''dark'') population, one must acquire more information about the individual events. Space-based parallaxes are potentially the best tool for extracting additional information, yielding the ''reduced'' speed upsilon and the direction of relative motion PHI. To leading order, parallax measurements by a single satellite result in a fourfold degeneracy: two possible values of upsilon and two possible signs for PHI. It has been believed that a second satellite would be required to break this degeneracy. I show that the velocity difference between the satellite and the Earth usually allows one to break the degeneracy in upsilon and sometimes also in PHI.