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,
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