{"id":17459,"date":"2021-11-13T00:45:21","date_gmt":"2021-11-12T16:45:21","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/blacksky-makes-a-deal-to-sell-satellite-imagery-to-nasa-and-makes-its-first-quarterly-report\/"},"modified":"2021-11-13T00:45:21","modified_gmt":"2021-11-12T16:45:21","slug":"blacksky-makes-a-deal-to-sell-satellite-imagery-to-nasa-and-makes-its-first-quarterly-report","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/blacksky-makes-a-deal-to-sell-satellite-imagery-to-nasa-and-makes-its-first-quarterly-report\/","title":{"rendered":"BlackSky makes a deal to sell satellite imagery to NASA \u2014 and makes its first quarterly report"},"content":{"rendered":"<figure class=\"wp-block-image size-full-width\"><img fetchpriority=\"high\" decoding=\"async\" width=\"630\" height=\"428\" src=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2021\/11\/211112-blacksky-630x428.jpg\" alt=\"BlackSky satellite\" class=\"wp-image-654454\" srcset=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2021\/11\/211112-blacksky-630x428.jpg 630w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2021\/11\/211112-blacksky-1260x857.jpg 1260w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2021\/11\/211112-blacksky-768x522.jpg 768w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2021\/11\/211112-blacksky-1536x1044.jpg 1536w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2021\/11\/211112-blacksky-2048x1393.jpg 2048w\" sizes=\"(max-width: 630px) 100vw, 630px\"><figcaption>One of BlackSky\u2019s Earth observation satellites is readied for launch. (Rocket Lab Photo)<\/figcaption><\/figure>\n<p>BlackSky Technology says it has secured a five-year, sole-source blanket purchase agreement with NASA for the use of high-revisit satellite imaging data in support of the space agency\u2019s Earth observation research.<\/p>\n<p>The agreement announced today is part of NASA\u2019s Commercial Smallsat Data Acquisition Program, or CSDAP. It will give researchers access to frequently updated high-resolution imagery via BlackSky\u2019s Spectra AI geospatial data platform.<\/p>\n<p>Spectra AI makes use of imagery from BlackSky\u2019s on-demand satellite constellation as well as other sources to provide global real-time environmental monitoring. BlackSky\u2019s satellites are manufactured in Tukwila, Wash., by LeoStella, the Virginia-based company\u2019s joint venture with Thales Alenia Space.<\/p>\n<p>BlackSky traces its lineage back to Seattle-based Spaceflight Industries, which sold off Spaceflight Inc. for an undisclosed price in 2020 and adopted the BlackSky corporate brand. In September, BlackSky went public through a blank-check merger with Osprey Technology Acquisition Corp. that provided $283 million in cash.<\/p>\n<p>More than 50 of BlackSky\u2019s 200-plus employees are based in the Seattle area.<\/p>\n<p>In a news release, BlackSky CEO Brian O\u2019Toole said the CSDAP award \u201creflects yet another valuable point of alignment between government demand and BlackSky\u2019s commercially available real-time, global intelligence products.\u201d<\/p>\n<p>\u201cHelping NASA-backed researchers broaden their understanding around critical changes in the Earth\u2019s ecosystems, oceanography, geographic and polar sciences is vitally important,\u201d O\u2019Toole said. \u201cOur constellation delivers dawn-to-dusk imaging that facilitates automatic pattern-of-life monitoring and anomaly detection. Fusing that data with our Spectra AI platform enables compelling and actionable scientific observations about our planet.\u201d<\/p>\n<p><iframe id=\"twitter-widget-0\" scrolling=\"no\" frameborder=\"0\" allowtransparency=\"true\" allowfullscreen=\"true\" class=\"\" style=\"position: absolute; visibility: hidden; width: 0px; height: 0px; display: block; flex-grow: 1;\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?creatorScreenName=b0yle&amp;dnt=true&amp;embedId=twitter-widget-0&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1455191712050163726&amp;lang=en&amp;origin=https%3A%2F%2Fwww.geekwire.com%2F2021%2Fblacksky-makes-a-deal-to-sell-satellite-imagery-to-nasa-and-makes-its-first-quarterly-report%2F&amp;sessionId=03f9450b446a1ad839d4a3ab0a48350f044b2dc8&amp;siteScreenName=geekwire&amp;theme=light&amp;widgetsVersion=6a3ad42b224df%3A1778106238597&amp;width=550px\" data-tweet-id=\"1455191712050163726\"><\/iframe><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\" data-twitter-extracted-i1782800045170697357=\"true\">\n<p lang=\"en\" dir=\"ltr\">BlackSky&#8217;s SpectraAI platform provides powerful insight into patterns of life, including significant economic indicators. Be the #firsttoknow https:\/\/t.co\/zyRqEzZtAC #manufacturing #supplychain #economicindicator #leadingindicator #geoint #firsttoknow pic.twitter.com\/jPL7tUNcZP<\/p>\n<p>\u2014 BlackSky (@BlackSky_Inc) November 1, 2021<\/p><\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The potential value of the purchase agreement was not reported. The Commercial Smallsat Data Acquisition Program has purchase agreements with several other space imagery providers, including Airbus, Maxar, Planet and Spire.<\/p>\n<p>Also today, BlackSky reported its quarterly financial results \u2014 the first such report since the company went public in September.<\/p>\n<p>The company said total revenue for the third quarter was $7.9 million, up 49% from the year-ago figure. It posted a net loss of $46.9 million for the quarter, translating to a loss of 67 cents per diluted share. The adjusted EBITDA loss was $16.2 million. BlackSky said it had a cash balance of $198 million at the end of the quarter.<\/p>\n<p>In a news release, O\u2019Toole pointed to the rise in revenue. \u201cWe demonstrated strong execution across all aspects of our business as we continue our mission of providing our customers a first-to-know advantage,\u201d he said.<\/p>\n<p>BlackSky said it was revising its 2021 revenue forecast from $40 million to a range of $30 million to $34 million, primarily due to the supply chain impacts of the COVID-19 pandemic and the timing for beginning new contracts.<\/p>\n<p>Two of BlackSky\u2019s satellites were lost in May due to a Rocket Lab launch failure, but Rocket Lab is planning to launch two more satellites from New Zealand as early as next week. Launch logistics are being handled by BlackSky\u2019s former sister company, Seattle-based Spaceflight Inc. If the launch is successful, that would boost BlackSky\u2019s Global constellation to nine satellites, with 30 satellites planned by 2025. <\/p>\n<p>BlackSky\u2019s share price fell 13% today, closing the trading session at $8.85.<\/p>\n<p><em><strong>Correction for 4 p.m. PT Nov. 15:<\/strong> We\u2019ve corrected a misspelling of Brian O\u2019Toole\u2019s name.<\/em><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of BlackSky\u2019s Earth observation satellites is readied for launch. (Rocket Lab Photo) BlackSky Technology says it has secured a five-year, sole-source blanket purchase agreement with NASA for the use of high-revisit satellite imaging data in support of the space agency\u2019s Earth observation research. The agreement announced today is part of NASA\u2019s Commercial Smallsat Data [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-17459","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/17459"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=17459"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/17459\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=17459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=17459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=17459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}