BlackSky Secures $50M in Funding from Intelsat
INTELSAT SA (I)
Last intelsat sa earnings: 2/20 06:29 am
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Source: Business Wire
Creates First Industry Relationship to Pair Earth Observation with Global Communications Infrastructure HERNDON, Va.--(BUSINESS WIRE)--BlackSky, a leading provider of geospatial intelligence, satellite imaging and global monitoring services, announced it has secured a $50 million senior secured loan from global satellite communications leader, Intelsat (NYSE: I). The transaction results in an industry first, creating a strategic relationship that pairs Earth observation with a global communications infrastructure.The new capital will allow BlackSky to augment existing assets and alliances, ensuring BlackSky remains a leader in delivering actionable Earth intelligence faster, with greater accuracy and more affordably than anyone else in the industry. Over time, BlackSky could incorporate access to Intelsat’s robust global communications infrastructure, delivering first-to-know insights to customers no matter where in the world they are.“BlackSky is enabling a whole new level of glob
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