This satellite intelligence company has landed $50M from Intelsat

Andy Medici
This satellite intelligence company has landed $50M from Intelsat

Herndon-based BlackSky, which provides satellite imaging and global monitoring services, has secured a $50 million loan from satellite firm Intelsat S.A. (NYSE: I), according to an announcement. The deal grants BlackSky access to Tysons-based Intelsat’s communications infrastructure, while the fresh funding will allow BlackSky to augment its existing business, the company said. “It takes a lot of expertise, engineering and capital to make smallsats viable; BlackSky is the first company to overcome these challenges with proven economies of scale," BlackSky President and CEO Brian O’Toole said in a statement.