| Schedule of Related Party Transactions |
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Amount Due to Related Party as of |
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December 31, |
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December 31, |
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2022 |
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2021 |
| Name |
Nature of Relationship |
Description of the Transactions |
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(in thousands) |
| Seahawk |
Debt Issuer |
In 2019, the Company raised and converted $18.4 million from prior debt into new, outstanding debt and issued 13.5 million warrants to purchase Legacy BlackSky common stock. |
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$ |
20,787 |
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$ |
19,977 |
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| 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. |
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56,345 |
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54,149 |
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Amount Due to Related Party as of |
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Total Payments in the year ended December 31, |
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December 31, |
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December 31, |
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Nature of Relationship |
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2022 |
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2021 |
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2022 |
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2021 |
| Name |
Description of the Transactions |
(in thousands) |
| LeoStella |
Joint Venture |
Design, development and manufacture of multiple satellites. |
$ |
28,042 |
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$ |
19,257 |
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$ |
3,728 |
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$ |
8,381 |
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| X-Bow |
Equity Method Investee |
In 2017, the Company received stock in X-Bow. As of December 31, 2022, the Company had a less than 20% 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. |
900 |
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1,865 |
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— |
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— |
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| 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. |
583 |
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809 |
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— |
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83 |
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| Thales Alenia Space |
Shareholder and Parent of Wholly-owned Subsidiary, Seahawk (Debt Issuer) |
Design, development and manufacture of telescopes. |
11,388 |
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6,050 |
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693 |
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— |
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