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BlackSky Holdings has announced the appointment of James (Jim) Tolonen to its Board of Directors. Tolonen is recognized for his expertise in finance and business strategy, having advised various public companies. He aims to assist BlackSky in navigating its growth and operational complexities. His experience includes leadership roles at New Relic and IGN Entertainment. This leadership change is expected to strengthen BlackSky's strategic direction as it prepares for its business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW) in Q3 2021.
BlackSky Holdings has appointed Andy Stephenson as Vice President of International Business Development, based in the UK. With over 30 years of experience in the defense and intelligence sectors, he will lead BlackSky’s global sales expansion. CEO Brian E. O’Toole emphasized Stephenson's role in meeting increasing demand for geospatial intelligence. BlackSky is set to complete its business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW) in Q3 2021, enhancing its position in the market.
BlackSky Holdings announced its partnership with Bluesky International, a leading aerial survey company in the U.K. Bluesky will join BlackSky’s Global Reseller Program, gaining access to its image archive and Spectra AI platform for real-time geospatial intelligence. This partnership aims to enhance emergency response capabilities in the U.K. and Republic of Ireland. Additionally, BlackSky anticipates closing its business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW) in Q3 2021, positioning the company for further growth in the geospatial intelligence market.
BlackSky Holdings is establishing a new office within NewSpace New Mexico, aiming to enhance its presence in the Southwest and recruit local talent. The facility promotes collaboration among industry, academia, and the U.S. Air Force. CEO Brian E. O’Toole emphasized the importance of partnerships to drive innovation. BlackSky is actively hiring for engineering, software, and satellite operations roles, and plans to expand its commercial sales force. The company is in a business combination process with Osprey Technology Acquisition Corp. (NYSE: SFTW).
BlackSky Holdings, a leader in real-time geospatial intelligence, announced its collaboration with Osprey Technology Acquisition Corp. (NYSE: SFTW) in a groundbreaking intelligence study of Iran's Natanz nuclear facility. Utilizing BlackSky's advanced satellite imagery, researchers from Stanford University's CISAC monitored the facility's activity with multiple daily images, enhancing insights into nuclear operations. This partnership aims to deliver crucial geospatial intelligence to the global nuclear proliferation community.
BlackSky Holdings has announced the appointment of Dr. Magid M. Abraham and Tim Harvey to its Board of Directors, following its planned merger with Osprey Technology Acquisition Corp (NYSE: SFTW). Dr. Abraham, a specialist in analytics and co-founder of comScore, aims to enhance BlackSky's analytics platform while Mr. Harvey, with extensive leadership experience in tech companies, supports growth in the space industry. The company anticipates significant advancements as it leverages their expertise amid a growing demand for real-time geospatial intelligence.
BlackSky Holdings is on track to finalize its SPAC transaction with Osprey Technology Acquisition Corp. (SFTW) in Q3 2021. The company plans to achieve a 14-satellite constellation by year-end, expanding its capabilities. BlackSky has doubled its sales force and has over 30 enterprises engaging with its Spectra platform, projecting potential revenues of $1.7 billion to $2.5 billion. Despite delays from defense contracts impacting 2021 revenue by $6 million, the company anticipates revenues to reach $40 million this year, with projections to exceed $114 million in 2022.
BlackSky has announced plans to launch two additional satellites as part of its growing Earth observation capabilities. Scheduled for no earlier than May 15, 2021, during Rocket Lab's twentieth mission named “Running Out of Toes”, these satellites will enhance BlackSky's geospatial intelligence offerings. This launch is part of a multi-launch agreement aimed at deploying a total of nine high-resolution satellites by the end of 2021. The company's CEO, Brian E. O’Toole, emphasized the importance of these constant deployments for improved customer insights.
BlackSky, a provider of geospatial intelligence, has successfully completed the commissioning of its BlackSky 7 satellite, entering commercial operations just two weeks post-launch on March 22, 2021. The satellite began delivering insights within 24 hours. Additionally, BlackSky shipped two more satellites to New Zealand for a May 2021 launch with Rocket Lab. The company aims to increase its constellation to 30 satellites, enhancing its capabilities to provide real-time intelligence and situational awareness for customers.
BlackSky and Osprey Technology Acquisition Corp. (NYSE:SFTW) announced a definitive agreement for a business combination, making BlackSky a publicly listed company under the ticker 'BKSY'. Founded in 2014, BlackSky specializes in real-time geospatial intelligence through small satellite constellations and AI-driven analytics. The transaction values BlackSky at an estimated pro forma enterprise value of $1.1 billion, with expected net proceeds of $450 million to further enhance its satellite constellation and analytics platform. The deal is expected to close in July 2021.
