Space Industry Launches Humanitarian Initiative to Support Ukraine

HERNDON, Va. (Space Industry for Ukraine PR) — Leaders of the space community today announced the Space Industry for Ukraine (SIFU), an initiative designed to fund and execute efforts that provide immediate humanitarian aid to the people of Ukraine. The initiative will be run by a steering committee, which includes HawkEye 360, National Security Space Association (NSSA), ABL Space Systems, ARKA, BlackSky, Capella Space, ICEYE, Insight Partners, Leidos, LeoLabs, Maxar, Raytheon Intelligence & Space, Rebellion Defense, Relativity Space, Riverside Research, Rocket Lab, Velos and Viasat. The steering committee will fundraise, select and monitor the execution of critical humanitarian projects throughout Ukraine and its neighboring countries. Additional participating donor companies include The Aerospace Corporation, Cognitive Space and Shield Capital.

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NASA Taps BlackSky for Rapid Revisit Satellite Imaging Data

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.”

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BlackSky Reports Net Loss of $46.9 Million

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
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BlackSky Completes Merger with Osprey Technology Acquisition Corp., to Begin Trading on Friday

  • 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.

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BlackSky Secures Investment from Palantir and Enters into Multi-Year Strategic Partnership Following Successful Pilot Project

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.

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BlackSky Enhances Executive Leadership Team

Johan Broekhuysen (Credit: BlackSky)

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.

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Rocket Lab to Launch Three Back-To-Back Missions for BlackSky from late August

Electron launches with 10 satellites on Oct. 29, 2020. (Credit: Rocket Lab webcast)

The next Electron rocket on the pad is the first of three dedicated missions for BlackSky scheduled for lift-off from late August through September.

LONG BEACH, Calif., August 10, 2021 (Rocket Lab PR) – Rocket Lab, a leading launch provider and space systems company, has today announced its next mission is part of a rapid launch schedule of three dedicated Electron missions for global monitoring provider BlackSky.

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BlackSky Welcomes New Vice President of International Business Development

BlackSky Vice President of International Business Development, Andy Stephenson. (Credit: Andy Stephenson)

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.”

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BlackSky Statement on Rocket Lab Electron Launch Failure

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.”

BlackSky Demonstrates Growth and Scalability with Planned Launch of Additional Satellites

BlackSky’s constellation of imaging smallsats enables persistent monitoring of the global supply chain. In this example, BlackSky’s satellites captured the Port of Los Angeles during the ongoing, historic level of congestion. Additionally, BlackSky’s satellites imaged ships waiting at anchorage outside the port and Spectra AI aggregated recent news reports and other data elements to enable real-time monitoring and inform critical decision making, with timely alerts, as conditions change. Through BlackSky’s Spectra platform, customers can monitor the world’s economic activity all from the comfort of home. (Credit: BlackSky)

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.”

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BlackSky Increases Capacity as Latest Satellite Enters Commercial Operations

HERNDON, Va., April 19, 2021 (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 shared that its BlackSky 7 satellite completed the commissioning process and entered full commercial operations within two weeks of launch.

This latest satellite was launched at 22:30 UTC on March 22, 2021, delivered first insights and began limited commercial operations less than 24 hours later. Further, the company today revealed two additional BlackSky satellites have been shipped to a launch facility in New Zealand for its next planned launch mission with Rocket Lab named “Running out of Toes” scheduled for May 2021.

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BlackSky’s Newest Satellite Delivers First Insights Within 24 Hours

BlackSky’s Spectra AI combines the power of high-resolution satellite imagery with AI/ML techniques to automatically create detailed maps indicating activity along roads, buildings, waterways, construction sites, and more. (Photo: BlackSky)

Successful Launch of BlackSky’s Newest Satellite Advances the Company’s Dawn-to-Dusk Global Monitoring and High-Revisit Capabilities

HERNDON, Va. (BlackSky PR) — BlackSky, a leading provider of real-time geospatial intelligence and global monitoring services, today announced that its latest Gen-2 satellite, BlackSky 7, delivered first insights within 24 hours of launch. Within that time frame, the BlackSky operations team conducted satellite checkout and the satellite collected its first images. At the same time, those images were downlinked, processed and analyzed using BlackSky’s Spectra AI suite of AI/ML algorithms to detect objects of interest and establish the first insight milestone. This latest satellite was launched at 22:30 UTC, March 22, 2021 on the Rocket Lab “They Go Up So Fast” mission.

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BlackSky Accelerates Constellation Deployment with Five Rocket Lab Launches

Using high-revisit satellite imagery, BlackSky’s Spectra AI has detected the utilization of major facilities at Tokyo’s Haneda Airport. Parking spaces shown in green are rarely used, while red indicates frequent occupancy. BlackSky customers can also understand inflow/outflow of cargo and monitor airline maintenance activity. (Photo: BlackSky)

Company’s real-time geospatial solutions to average one-hour dawn-to-dusk imaging revisit rates and 90-minute delivery times

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 reported it has secured five Rocket Lab missions to deploy nine satellites between March and the end of 2021. The first of these launches took place on March 22, 2021. The company is accelerating the deployment of its constellation of Gen-2, high-revisit, high-resolution imaging satellites and expects to deliver capabilities in 2021 that were originally planned for delivery in 2022.

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SPACovirus Sweeps Space Sector

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange. (Credit Virgin Galactic)
Wall Street’s latest easy money craze has attracted a growing number of space companies. But, just because they can go public, should they?

by Douglas Messier
Managing Editor

Seven space companies have gotten caught up in the SPACovirus sweeping through Wall Street. The impact on the space industry is going to be interesting to watch.

A SPAC is a special purpose acquisition company. It’s a publicly traded investment firm that, with outside investors, acquires or merges with another company, and then takes the acquisition public under its own name.

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