BlackSky wins $50M loan for satellite infrastructure

Global satellites
An artist’s conception shows BlackSky’s Global satellites in orbit. (BlackSky Illustration)

BlackSky, a geospatial intelligence company with offices in Seattle and Virginia, says it’s secured a $50 million loan from the Intelsat satellite powerhouse to boost its nascent Earth observation constellation.

In a news release issued today, the companies say the transaction will result in a novel strategic relationship that pairs Earth observation with a global communications infrastructure.

BlackSky, a subsidiary of Seattle-based Spaceflight Industries, said it will use the new capital to build on its existing assets and alliances. Over time, BlackSky aims to incorporate access to Intelsat’s communications infrastructure to deliver its imaging and intelligence services around the globe.

“BlackSky is enabling a whole new level of global intelligence by leveraging the economics of small satellites so that our customers will always be the first to know,” Brian O’Toole, president and CEO of BlackSky, said in a statement.

Get the full story on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributor to GeekWire and Universe Today, author of "The Case for Pluto: How a Little Planet Made a Big Difference," past president of the Council for the Advancement of Science Writing.

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