Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.22.1
Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Amount Due to Related Party as of
March 31, December 31,
2022 2021
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  $ 19,977 
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  54,149 
Amount Due to Related Party as of
Total Payments in the three months ended March 31, March 31, December 31,
Nature of Relationship 2022 2021 2022 2021
Name Description of the Transactions (in thousands)
LeoStella Joint Venture Design, development and manufacture of multiple satellites $ 9,697  $ 7,362  $ 3,951  $ 8,381 
X-Bow Equity Method Investee
In 2017, the Company received stock in X-Bow. As of March 31, 2022, the Company had a 15.1% 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.
 —  1,115  — 
Palantir Technologies Strategic Partner
Multi-year software subscription agreement for $8.0 million
 —  —  375  — 
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. 167  —  42  83