BlackSky has a fully operational enterprise grade software stack. The market will serve broadband internet, delivery of packages, and ofcourse the most exciting of all, space travel. Mass shootings have tremendous and permanent economic consequences, experts say, Fraud is fraud: Former Coinbase manager charged in first-ever cryptocurrency insider-trading case, Nancy Pelosis husband buys millions worth of Nvidia stock ahead of chip-manufacturing bill vote, Spread between 2- and 10-year Treasury yields briefly narrows to session low of minus 25.7 basis points, Heres what could trigger a lasting rally in gold prices, Italian parliament dissolved, paving way for early elections after Draghi resignation, Sweden and Finland want to join NATO, but these 18 Republicans voted no, Biden plans to overhaul U.S. health agency to create a pandemic-response unit. Following the successful launch withRocket Lab Saturday, BlackSkys two new satellites delivered first insights in a company record of less than 12 hours after launch over Port of Gladstone,Australia. We are combining the power of our satellite constellation which provides 60 minutes revisits of the most strategic locations in the world with an AI software platform to deliver real time alerts, data, and information to decision makers across a range of industries. The transaction will help BlackSky expand the companys small satellite constellation and to accelerate penetration of the commercial market. The manufacturing facility has a capacity of producing 40 satellites per year. It is the lowest cost provider of space images among its peers. On the upside, BlackSkys simple valuation ratio (market cap/annualized revenues) had dropped from 67 last September to 10 as of today. Russian forces now occupy Chernobyl and Zaporizhzia. Blacksky Technology, Inc. provides real-time geospatial intelligence, imagery and related data analytic products and services and mission systems. To explore BlackSkys full profile, request access. The proprietary software stack gives an opportunity for recurring revenue through the selling of SaaS services. (Theyve also invested in several other dozen SPACs, so take it for what its worth.) Prior to their investment, they did significant technical diligence on the space capabilities. As a CSM I get to look over the shoulders of MODs from around the world. Special purpose acquisition companies (SPACs) have bred faster than tribbles over the last couple of years, absorbing every tech company with a pipe dream and a pipeline that promised billions in projected revenues. BlackSky was founded in 2014 and is headquartered at Herndon, VA. Brian OToole is the CEO of BlackSky. Osprey's SPAC currently trades under the ticker SFTW. Save my name, email, and website in this browser for the next time I comment. I never feel like I am under appreciated!, It has been exciting to watch our satellite launches with my family, know the potential impact of BlackSkys products and services for our commercial and government customers, and think of the limitless possibilities for the future., Our leadership is an outstanding blend of experienced DoD and IC professionals with an awesome balance of wild, exciting ideas but also practical, constructive plans for how to achieve them. In addition to its imagery and data analytics businesses, BlackSky provides engineering and systems integration services for launch vehicle, satellite and payload systems. Valuation multiple of EV/EBITDA of 15. Image collected over Vasylkiv Air Base, Ukraine 10:44 hrs local (UTC+2) 02/28/2022. We want to hear from you. This browser is no longer supported at MarketWatch. They made me feel like I was family. BlackSky owns 50% of that business. Parking spaces shown in green are rarely used, while red indicates frequent occupancy. This gives a valuation of $25 per share in 2025 estimated. In both, I am often faced with challenges in which Im able to use creative problem solving techniques (either individually or collaboratively) to accomplish desired outcomes., I love working at BlackSky because I get to work on really cool technology with coworkers whom I truly believe to be among the best at what they do., I chose to join BlackSky because I loved the idea of working for a groundbreaking company. The system can formulate event clusters over time, which power the ability to detect and track location specific changes and anomalies. International stock quotes are delayed as per exchange requirements. Osprey's SPAC currently trades under the ticker SFTW. We have such a talented and fun team here. He has over 30 years of experience in the geospatial intelligence industry. Proudly powered by WordPress Instead, after the dust settled, the companys gross proceeds came to about $291 million. Every day is something different and these are constant reminders of how we are innovators in commercial satellite imagery., What I love most about BlackSky is the atmosphere. That gives an EV of $3.66B. Its little wonder that we had such a hard time finding a space company to fill the slot in our Nanalyze Disruptive Tech Portfolio. The company plans to use the funds to further progress toward its goal of a network of 30 imaging satellites, to capture imagery of anywhere on the planet every 30 minutes. Please do your own independent research and do NOT buy/hold/sell the stocks of the companies mentioned by me. Three images were collected in rapid succession over Port Elizabeth, South Africa, on August 10, 2020, at 11:31 a.m. local time. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. The research and principles of investing in this website is only for informational purposes and based on my individual research. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 2022 PitchBook. Visit a quote page and your recently viewed tickers will be displayed here. Ukrainian nuclear power plants are critical infrastructure, responsible for roughly 50% of the countrys power. Become a Nanalyze Premium member and find out today! Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. These blank check companies especially targeted high-risk industries like NewSpace, where rockets regularly explode unintentionally and Virgin Galactic (SPCE) remains a pre-revenue company after nearly 20 years in business. BlackSky has a first mover advantage in real-time earth observation. Making the world smarter, happier, and richer. The flexible architecture enables higher utilization of the assets. But BlackSky is not a satellite manufacturer at least not directly. Win whats next. Spectra AI allows for continuous monitoring of commercial airports globally, providing critical insights into the aviation industry, including cargo operations, maintenance schedules and passenger travel. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. This is a very important advantage as the growth in the commercial sector has been limited due to cost, frequency, and accessibility of data. HERNDON, Va., July 20, 2022--BlackSky Technology Inc. ("BlackSky") (NYSE: BKSY) will host a conference call to discuss second quarter 2022 results and its business outlook on Wednesday, August 10, 2022, at 8:30 AM ET. BlackSky represents the latest in a series of space companies that have announced deals to go public through a SPAC following rocket builder Astra, satellite broadband focused AST & Science, and space transportation specialist Momentus in the past few months. This is a profile preview from the PitchBook Platform. Just be careful about trying to catch a falling knife. Invest better with The Motley Fool. The race to the space is a new market. BlackSky promotes the best work/life balance and is committed to supporting, valuing and empowering all employees to do their best., One of many reasons I joined BlackSky is that our satellites get to do something every 90 minutes I wish I could do more oftencapture the world., 2022 BlackSky. Save my name, email, and website in this browser for the next time I comment. To date BlackSky has five satellites in operation, an plans add nine more satellites in orbit later this year. Astra stock going public after successful rocket launch, Spire global stock joins the race to space, ABCL stock looks oversold ahead of first earnings. Data may be intentionally delayed pursuant to supplier requirements. All current shareholders are rolling, and in fact, some are participating in the PIPE, including Peter Thiel and Ajay Royan, Mithril Capital. Source: Kantar Media. www.blacksky.com. The company's line of business includes the manufacturing and assembling of complete aircraft. If youre driven by a desire to see your talent make an impact on the world by helping build and define the activity-based insights industry, life at BlackSky is for you. In addition, more than 40% of the $22.6 million in revenue comes from customers who account for at least 10% of total revenues, but were not told if thats one customer or four or somewhere in between. Richard Branson's Virgin Galactic also went public through a SPAC deal with Chamath Palihapitiya'sventure in 2019. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. BKSY is not currently paying a regular dividend. Theme: Newsup by Themeansar. A key feature of the software architecture is a global intelligence database that will be accessible to developers through an API framework. But thats not what happened. I joined BlackSky to solve challenging remote sensing problems that enable global insight for our customers. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. This field is for validation purposes and should be left unchanged. The combination of new analytics and imaging features with automated anomaly alerts and high-revisit imaging provides customers with deeper insights into operational fleet trends. These companies are well funded and have exceptional AI and Machine learning capabilities. The company's vertically integrated joint venture LeoStella, with French-Italian manufacturer Thales Alenia Space, builds the BlackSky satellites. Aerospace and Defense, 13241 Woodland Park Road Suite 300 document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Please do NOT base your investment decisions based on the articles and content of this website. $445 million cash to balance sheet to fund the growth. BlackSky Technology Inc is a provider of real-time geospatial intelligence. Your email address will not be published. Data is a real-time snapshot *Data is delayed at least 15 minutes. In the end, it means more information and insights for the customers.