BlackSky is a leading provider of real-time geospatial intelligence, operating its own constellation of Earth observation satellites in low Earth orbit. The company delivers on-demand, high-frequency imagery, monitoring, and analytics of critical locations and events using its AI-powered Spectra platform. BlackSky serves government organizations and commercial enterprises, providing them with timely insights and data for strategic decision-making.
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BlackSky was awarded a five-year, up to $290,000,000 multi-award indefinite-delivery, indefinite-quantity NGA contract to monitor global economic and environmental activity and military capability using high-cadence, rapid-revisit satellite imagery and AI-driven change-detection analytics.
BlackSky’s Spectra AI software platform processes data from BlackSky’s constellation and from third-party sensors to produce geospatial insights and analytics.
On 2024-10-01 BlackSky won an approximately $6,000,000 contract expansion from an international defense sector customer.
BlackSky plans to introduce Gen-3 capabilities that will provide very high-resolution 0.35 m imagery and sub-hourly revisit and delivery timelines.
BlackSky received total gross proceeds of approximately $46,000,000 from the offering before deducting underwriting discounts, commissions, and estimated offering expenses payable by BlackSky.
On 2024-09-27 the underwriters fully exercised their option to purchase an additional 1,500,000 shares of BlackSky Class A common stock.
BlackSky owns and operates a purpose-built commercial real-time intelligence system that combines the BlackSky Spectra tasking and analytics software platform and a proprietary low Earth orbit satellite constellation.
BlackSky Technology Inc. closed on 2024-09-26 an underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $4.00 per share.
BlackSky Technology Inc. won a competitive U.S. Navy research contract to explore applications for advanced optical intersatellite link terminals on board the company’s Gen-3 imaging satellites.
BlackSky’s Gen-3 imaging satellites will be modified to accommodate an optical intersatellite link terminal compatible with both the Space Development Agency’s Transport Layer and commercial transport layers.
BlackSky’s Spectra AI software platform processes data from BlackSky’s constellation and from other third-party sensors to develop geospatial intelligence and analytics.
BlackSky granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock in the offering.
BlackSky priced an underwritten public offering of 10,000,000 shares of its Class A common stock at $4.00 per share.
BlackSky will provide Earth observation data to support NASA’s Earth science research and application activities under CSDAP.
The 12 finalist teams for the NGA award included Airbus U.S. Space and Defense, Anduril Industries, BlackSky Geospatial Solutions, Freedom Technology Solution Group, HII Mission Technologies, Orbital Insight, NV5 Geospatial, Planet Labs, Royce Geospatial Solutions, Space-Eyes (Channel Logistics), Striveworks, and Ursa Space Systems.
Aly Bonilla is Vice President of Investor Relations at BlackSky Technology and can be reached at abonilla@blacksky.com.
BlackSky Technology Inc. (NYSE: BKSY) received a one-year extension contract from the National Reconnaissance Office to continue delivering on the Electro-Optical Commercial Layer subscription contract for Gen-2 imagery services.
Earth observation satellite operators BlackSky and Capella Space use AI extensively to gain insights into geospatial data but have not integrated generative AI into their businesses.
The planned radar commercial layer would be similar to the electro-optical commercial layer contract awarded in 2022 to Maxar, Planet, and BlackSky but likely at a smaller scale.
Maxar, Planet, and BlackSky were awarded the electro-optical commercial layer contract in 2022.