Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

v3.24.1
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Amount Due to Related Party as of
Total Payments in the Years Ended December 31, December 31, December 31,
Nature of Relationship 2023 2022 2023 2022
Name Description of the Transactions (in thousands)
LeoStella Joint Venture with Thales Alenia Space The Company owns 50% of LeoStella, its joint venture with Thales. The Company contracts with LeoStella for the design, development and manufacture of satellites to operate its business. $ 23,910  $ 28,042  $ 10,843  $ 3,728 
X-Bow Equity Method Investee
The Company had a less than 20% investment in X-Bow and held one Board seat through November 2023 when it sold its investment.
 — 900  —  — 
Ursa Space Systems Strategic Partner The chairman of the Company’s board of directors, Will Porteous, is also an investor and member of the board of directors of Ursa Space Systems. The Company has a non-cancelable operational commitment with Ursa Space Systems. 458  583  42  — 
Thales Alenia Space Shareholder and Parent of Wholly-owned Subsidiary, Seahawk (Debt Issuer) Design, development and manufacture of telescopes. 8,092  11,388  750  693 
Seahawk Debt Issuer and subsidiary of Thales Alenia Space
In 2019, the Company raised and converted $18.4 million from prior debt into new, outstanding debt and issued 13.5 million warrants to purchase Legacy BlackSky common stock.
 375  —  22,793  20,787 
Intelsat Debt Issuer
In 2019, the Company entered into a term loan facility for $50.0 million and issued 20.2 million warrants to purchase Legacy BlackSky common stock.
 1,042  —  61,785  56,345