BlackSky secures $50 million loan from Intelsat
Posted: Fri, Nov 15, 2019, 5:27 PM ET (2227 GMT)
BlackSky announced Tuesday it has secured a $50 million loan from Intelsat for its geospatial data system. BlackSky said the Intelsat funding will finance its infrastructure and product development for commercial and government customers. BlackSky is developing a constellation of imaging satellites, whose data will be used to create information products. BlackSky and Intelsat are also establishing a commercial partnership to jointly develop data and imagery products to be distributed via Intelsat's communications services, while Intelsat will gain access to new markets and customers that will be moving content through their networks,
BlackSky announced Tuesday it has secured a $50 million loan from Intelsat for its geospatial data system. BlackSky said the Intelsat funding will finance its infrastructure and product development for commercial and government customers. BlackSky is developing a constellation of imaging satellites, whose data will be used to create information products. BlackSky and Intelsat are also establishing a commercial partnership to jointly develop data and imagery products to be distributed via Intelsat's communications services, while Intelsat will gain access to new markets and customers that will be moving content through their networks,
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Apex becomes billion-dollar company with $200 million Series D round
Posted: Sun, Sep 14 4:09 AM ET (0809 GMT) |
|
news links
|
|
Tuesday, September 16
Firefly Aerospace to Announce Second Quarter 2025 Financial Results on September 22, 2025
Firefly Aerospace — 6:45 am ET (1045 GMT) Starlink hits capacity in Nigeria’s largest cities, raising questions about Musk’s Africa ambitions
Business Insider — 6:43 am ET (1043 GMT) Colorado Springs looks to rebound after Trump pulls Space Command to Huntsville
Washington Examiner — 6:42 am ET (1042 GMT) Colorado’s Republican U.S. representatives decline to fight Trump on Space Command, even as they risk voter fallout
Colorado Sun — 6:42 am ET (1042 GMT) Sen. John Hoeven upon satellite launch: ‘We expect this mission to continue growing’
Grand Forks (ND) Herald — 6:41 am ET (1041 GMT) |
