New satellites deliver customer analyses within first 14 hours of launch
HERNDON, Va., November 18, 2021 (BlackSky PR) – BlackSky’s (NYSE: BKSY) latest satellites reached orbit and delivered first insights within 14 hours of launch. The company’s constellation growth signals a return to space and an increased capacity for global customers.
MAHIA, New Zealand. 18 November 2021 (Rocket Lab PR) – Rocket Lab (Nasdaq: RKLB), a leading launch and space systems company, has successfully deployed two satellites to orbit for real-time geospatial monitoring company BlackSky (NYSE: BKSY). Rocket Lab also successfully introduced helicopter operations to a recovery mission for the first time, using a helicopter to observe and track the Electron rocket’s first stage as it descended to Earth under parachute as part of the company’s program to make Electron the world’s first reusable, orbital-class commercial small rocket.
BlackSky to bring smallsat imagery for NASA-funded Earth and applied science research
HERNDON, Va., November 12, 2021 (BlackSky PR) — BlackSky (NYSE: BKSY) secured a five-year, sole-source blanket purchase agreement by the National Aeronautics and Space Administration (NASA) to provide high revisit satellite imaging data in support of the agency’s existing Earth observation research to advance predictive capabilities.
“This award reflects yet another valuable point of alignment between government demand and BlackSky’s commercially available real-time, global intelligence products,” said Brian E. O’Toole, CEO of BlackSky. “Helping NASA-backed researchers broaden their understanding around critical changes in the Earth’s ecosystems, oceanography, geographic and polar sciences is vitally important.”
3rd Quarter Revenue Up Over 49% YoY On a Year to Date Basis, Total Revenue up over 53%
HERNDON, Va., November 12, 2021 (BlackSky PR) — BlackSky Technology Inc. (“BlackSky” or the “Company”) (NYSE: BKSY), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced its results for the third quarter of 2021.
Key points from the third quarter include:
Revenue of $7.9 million, up 49% from 3Q 2020
Net loss of $46.9 million or a loss of $0.67 per diluted share
Adjusted EBITDA loss of $16.2 million
Cash balance at the end of 3Q 2021 was $198 million
LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”) (Nasdaq: RKLB), a leading launch provider and space systems company, has today announced it has scheduled two dedicated launches in November for Spaceflight Inc.’s customer, real-time geospatial and global monitoring company BlackSky (NYSE: BKSY).
SPRINGFIELD, Va. (NGA PR) — The National Geospatial-Intelligence Agency awarded a new flexible contract that is designed to enable best of class analytic solutions for economic related GEOINT challenges.
The five-year operational contract awarded at $29 million will compete delivery orders across the five selected vendors: BAE, Ball Aerospace, BlackSky, Continental Mapping Consultants, and Royce Geospatial Consultants Inc. These vendors were competitively selected among a diverse pool of companies.
“Understanding economic activity and trends around the world is critically important to our policymakers,” said Dave Gauthier, Director, Source Commercial Business and Operations Group at NGA. “I am excited to see innovative commercial solutions and geospatial analytic services that may provide new insights into the flows of raw materials, agricultural products, equipment, fuels, vehicles, waste products and other goods.”
BlackSky’s Common Stock to Commence Trading on NYSE Under the Ticker “BKSY”
Gross Proceeds to BlackSky totaled $283 million, combining funds held in Osprey’s Trust and concurrent PIPE financing
HERNDON, Va. and NEW YORK, September 9, 2021 (BlackSky/Osprey Technology Acquisition PR) – BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced it has completed its previously announced business combination with Osprey Technology Acquisition Corp. (“Osprey”) to take BlackSky public. The combined company has been renamed “BlackSky Technology Inc.” and its shares will commence trading on the New York Stock Exchange (NYSE) on September 10, 2021, under the ticker symbol “BKSY” for BlackSky common stock and “BKSY.W” for BlackSky warrants.
Upon closing, the combined company received approximately $283 million in gross proceeds, comprised of approximately $103 million in cash held in trust by Osprey and the proceeds of a $180 million PIPE. Osprey’s shareholders approved the transaction at a shareholder meeting on September 8, 2021.
HERNDON, Va. (BlackSky PR)–BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, announced today that Palantir Technologies Inc. (NYSE: PLTR) has committed to making an equity investment in BlackSky, which is scheduled to close after the completion of BlackSky’s business combination with Osprey Technology Acquisition Corp (“Osprey”). Following the successful completion of a joint pilot program between BlackSky and Palantir, this investment signifies the strengthening of a strategic collaboration that will enable BlackSky to further extend its capabilities and meet the increasing demand for global monitoring services from its and Palantir’s customers.
Through the pilot project, BlackSky automatically delivered insights and intelligence to Palantir customers within minutes of collection, without any human interaction. The ability to quickly deliver worldwide intelligence that can inform proactive strategic decision-making introduces a significant advantage in time-sensitive operations.
HERNDON, Va. (BlackSky PR) – BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced that it has been awarded a contract modification from the National Reconnaissance Office (NRO) to provide on-demand satellite imagery through a monthly subscription. The requirements and funding for this effort will be transferred to NRO’s Electro-Optical Commercial Layer program.
BlackSky’s high-resolution satellite constellation will generate imagery for defense and intelligence communities to support homeland defense, national security, disaster and emergency response missions. BlackSky’s real-time imagery offers timely and relevant information on pattern-of-life anomalies that meet critical mission requirements and enable warfighters to make informed decisions.
HERNDON, Va., Aug. 18, 2021 (BlackSky PR) –BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced three additions to its executive team as it begins its next phase of growth and development.
Johan Broekhuysen joins BlackSky as a Senior Advisor and will assume the role of Chief Financial Officer following the completion of BlackSky’s merger with Osprey Technology Acquisition Corp. (NYSE: SFTW). Broekhuysen has significant executive experience helping lead public, high-growth technology companies including Segra, formally known as LUMOS Networks (LMOS) where he served as Chief Financial Officer (CFO) for almost seven years and led business expansion efforts during his tenure there. Most recently, Broekhuysen was the founding principal of Open Water Advisory Group, an advisory group that delivers differentiated capital solutions to the entire telecom infrastructure value chain. BlackSky’s current CFO, Brian Daum, will remain with BlackSky as a senior advisor for a transitional period.
LONG BEACH, Calif. (Vector Acquisition Corp. PR) — Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that its Annual Meeting of the Company’s shareholders (“Annual Meeting”) to consider the previously announced business combination (“Business Combination”) with Rocket Lab USA, Inc. (“Rocket Lab”), a global leader in launch and space systems, has been set for August 20, 2021. Shareholders of record as of the close of business on June 30, 2021 (“Record Date”) are eligible to vote at the Annual Meeting.
HERNDON, Va. (BlackSky PR) — BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced that it has hired Andy Stephenson to oversee the company’s global sales team as its Vice President of International Business Development. Mr. Stephenson will be based in the United Kingdom, where he will lead the expansion of BlackSky’s international sales efforts.
“With more than thirty years of experience as a sales leader in the defense and intelligence, technology, and information sectors, Andy is an ideal candidate to help BlackSky meet the increasing demand for geospatial intelligence worldwide,” said Brian E. O’Toole, CEO of BlackSky. “He will be instrumental in leading BlackSky’s international development activities to ensure customers around the world understand and have access to actionable insights that give them a first-to-know advantage.”
Stanford researchers use geospatial imagery and machine learning technology to gain real-time insights
HERNDON, Va. (BlackSky PR) — BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring that has announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW), today shared that its geospatial imagery was used in a groundbreaking intelligence study that tracks and monitors activity at the Natanz nuclear facility in Iran.
BlackSky’s high-revisit satellite imagery enabled researchers at Stanford University’s Center for International Security and Cooperation (CISAC) to monitor the pattern of life at the Natanz nuclear facility and gain a better understanding of activity and events at the site. BlackSky’s satellites provide high, intraday revisit capabilities, allowing CISAC’s research team to receive multiple images a day, throughout the day, rather than just one image collected at roughly the same time each day.
SEATTLE (BlackSky PR) — On Saturday, May 15, 2021, a Rocket Lab Electron rocket carrying two BlackSky satellites suffered a failure during flight, preventing the successful deployment of our satellites. Rocket Lab is actively investigating the cause of the failure.
“We have developed a resilient and responsive strategy for our constellation,” Brian E. O’Toole, CEO of BlackSky. “BlackSky has additional satellites ready to deploy, as well as an active production line with more satellites on track to be delivered over the course of this year. We will continue to execute on the expansion of our constellation and expect to remain on track to meet our business objectives.”
HERNDON, Va. (BlackSky PR) — BlackSky, a leading provider of real-time geospatial intelligence and global monitoring services that recently announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW), today revealed it expects to launch two satellites on Rocket Lab’s twentieth mission, “Running Out of Toes.” The launch, which is scheduled to take place no earlier than May 15, 2021, will deploy BlackSky’s eighth and ninth Earth observation satellites.
“BlackSky is expanding and scaling through a regular cadence of launches so we can consistently increase capacity to deliver first-to-know insights for our customers,” said Brian E. O’Toole, CEO of BlackSky. “Our established practice of rapid deployments and advanced commissioning process ensures customers can trust and rely on our network for access to real-time global intelligence.”