Cosmic Log
It’s official: After receiving all government approvals, a French-Italian joint venture has taken a minority stake in Seattle-based Spaceflight Industries as part of a $150 million funding round.
The French and Italian partners in The Space Alliance, Thales Alenia Space and Telespazio, have also joined in two cooperative arrangements with Spaceflight Industries.
Seattle-based Spaceflight Industries has forged a partnership with a French-Italian venture known as the Space Alliance, formed by Thales Alenia Space and Telespazio, to accelerate plans for a 60-satellite constellation of Earth-observing satellites.
The partnership involves a minority investment in Spaceflight Industries, the creation of an industrial joint venture between Thales Alenia and Spaceflight in the United States to produce satellites, and an agreement between Telespazio and Spaceflight’s BlackSky business line for marketing satellite data.