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Spaceflight raises $150 million for BlackSky constellation

13 Mar 2018, 19:48 UTC
Spaceflight raises $150 million for BlackSky constellation
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WASHINGTON — Spaceflight Industries announced March 13 that it has raised $150 million to fund development of the next phase of its BlackSky Earth imaging constellation, with Thales Alenia Space and Telespazio taking minority stakes.
At a press conference during Satellite 2018 here, Seattle-based Spaceflight said the Series C round, which includes investment from Mitsui and Co. Ltd. and existing investors, will fund development of the next set of 20 BlackSky satellites, part of an ultimate constellation of 60 satellites intended to provide high-resolution images with rapid revisit times.
The announcement finalizes a partnership announced in September that, besides the investment into Spaceflight, includes a joint venture between Thales Alenia and Spaceflight to build the BlackSky satellites as well as a marketing agreement between Spaceflight and Telespazio regarding sales and marketing for BlackSky products and services. The companies did not disclose the size of the stake in Spaceflight taken by Thales Alenia and Telespazio.
“Today represents a major milestone in that what we’re doing with this partnership with this investment, which allows us to put the next 20 satellites on orbit,” said Jason Andrews, chairman and chief executive of Spaceflight, at the press conference.
Jean Loïc Galle of Thales Alenia ...

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