Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

v3.22.1
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Amount Due to Related Party as of
December 31, December 31,
2021 2020
Name Nature of Relationship Description of the Transactions (in thousands)
Seahawk Debt Issuer
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.
$ 19,977  $ 19,198 
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.
54,149  52,039 
Jason and Marian Joh Andrews The former co-founders and employees of Legacy BlackSky
In 2018, the Company executed the notes totaling $12.5 million to repurchase an aggregate of $11.5 million Legacy BlackSky common stock shares. The Andrews Notes were extinguished in the year ended December 31, 2021. The terms on the extinguishment were forgiveness on the existing principal balance of $10.0 million and accrued interest of $2.2 million in exchange for 958,082 shares.
—  12,500 
Amount Due to Related Party as of
Total Payments in Years Ended December 31, December 31,
2021 2020 2021 2020
Name Nature of Relationship Description of the Transactions (in thousands)
LeoStella Joint Venture Design, development and manufacture of multiple satellites $ 19,257  $ 8,205  $ 8,381  $ 8,012 
X-Bow Equity Method Investee
In 2017, the Company received stock in X-Bow. As of December 31, 2021, the Company had a 17.5% investment in X-Bow and had one Board seat. As described in Note 7, the Company has engaged X-Bow to develop a rocket for the Company.
1,865  4,079  —  750 
Palantir Technologies Strategic Partner
Multi-year software subscription agreement for $8.0 million
750  —  —  — 
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. 809  —  83  —