BlackSky, a Seattle, WA- and Herndon, Va.-based provider of geospatial intelligence, satellite imaging and global monitoring services, secured a $50m senior secured loan from global satellite communications company Intelsat (NYSE: I).
The deal creates a strategic relationship that pairs Earth observation with a global communications infrastructure.
The new capital will allow the company to augment existing assets and alliances.
Led by Brian E. O’Toole, President and CEO, BlackSky provides global monitoring and alerting services to observe, analyze and act on timely and relevant insights about the world. The company combines access to high-quality satellite images from multiple sources, including its own planned 60-satellite constellation, fused with diverse, real-time sensor data and social media, news and other data feeds.
BlackSky currently has four 1-meter satellites in orbit with another four slated for launch in early 2020, and plans to have 16 satellites in its constellation by early 2021.