Spaceflight Industries to sell launch business

SpaceX SSO-A launch
One of Spaceflight Industries’ most notable projects was the launch of 64 satellites aboard a SpaceX Falcon 9 rocket in December 2018. (SpaceX Photo)

Seattle-based Spaceflight Industries says it has signed a deal to sell Spaceflight Inc., its satellite rideshare launch subsidiary, to one of Japan’s largest trading companies.

The definitive share purchase agreement, reached with Mitsui & Co. Ltd. in partnership with Yamasa Co. Ltd., will have to be reviewed over the next few months by the Committee on Foreign Investment in the United States to evaluate national security aspects of the acquisition — but the companies expect the deal to be approved by midyear.

Financial terms were not disclosed.

Spaceflight Industries said it would leverage the capital from the Spaceflight Inc. deal to accelerate the growth of BlackSky, its geospatial intelligence business. BlackSky already has four of its own Earth-observing satellites in orbit and plans to add eight more to the constellation this year. Four of those satellites are due to be sent into orbit on the maiden launch of India’s SSLV rocket.

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.

Leave a Reply

%d bloggers like this: