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The business of defense

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Company

BlackSky Technology Inc.

BlackSky is a space-based technology company that delivers real-time imagery, analytics and high-frequency monitoring of strategic locations, for U.S. defense and intelligence agencies and international ministries of defense. ↗

HeadquartersHerndon, VA ↗
LeadershipBrian O'Toole, Chief Executive Officer ↗
Employees321 ↗
Revenue$107 million (fiscal 2025) ↗
OwnershipPublic; SPAC merger, September 2021 ↗
SharesBKSY ↗

Products

  • BlackSky Spectra is BlackSky's commercial tasking, analytics and multi-intelligence data-fusion software platform for monitoring activity from space. ↗
  • Gen-3 is BlackSky's third-generation satellite, with 35-centimeter electro-optical imaging resolution and short-wave infrared imaging for low-light and night collection. ↗
  • BlackSky sells space-based intelligence and AI services through its On-Demand and Assured subscription offerings, which include imagery and AI-generated analytics. ↗
  • Mission Solutions lets customers acquire, own and operate their own Gen-3 satellites and space-to-ground system. ↗
  • AROS is a planned BlackSky satellite for multispectral, large-area collection, designed to pair with Gen-3 satellites. ↗

Customers

  • The National Reconnaissance Office is a customer; BlackSky is a key vendor supporting its Electro-Optical Commercial Layer (EOCL) program. ↗
  • The National Geospatial-Intelligence Agency is a customer; BlackSky supports its Luno A and Luno B programs. ↗
  • The U.S. Space Force is a BlackSky customer. ↗
  • BlackSky has won Gen-3 sovereign satellite programs with customers in India and Indonesia. ↗

Deals since 2020

Nov 202406

BlackSky Technology buys LeoStella

Satellite design, development and manufacture; BlackSky's 50% joint venture with Thales Alenia Space, whose satellites BlackSky procures to operate its business.

spacecomponents and materialsSource
UndisclosedClosed Nov 6, 2024
Nov 2023 

Undisclosed buyer takes a stake in BlackSky Technology's X-Bow Launch Systems

Seller: BlackSky Technology

A space technology company specializing in additive manufacturing of solid rocket motors (BlackSky held a minority equity-method stake of less than 20%).

propulsionmunitions and missilesspaceSource
UndisclosedClosed Nov 2023
Feb 202117

BlackSky goes public through Osprey Technology Acquisition

Geospatial intelligence company (BlackSky Holdings, Inc., called Legacy BlackSky); the combined company was renamed BlackSky Technology Inc.

intelligence communityspaceSource
$925 millionClosed Sep 9, 2021
Feb 202011

BlackSky Holdings sells Launch Division to M&Y Space

Buyer: M&Y Space

Small satellite launch brokerage services that manifest, certify and integrate auxiliary payloads onto a single launch vehicle.

spaceSource
$32 millionClosed Jun 12, 2020

The deal tracker

Segments

  • BlackSky reports one segment and earns revenue from three streams: space-based intelligence and AI services, Mission Solutions, and advanced technology programs. ↗

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