Quarterly report [Sections 13 or 15(d)]

Related Party Transactions (Tables)

v3.25.3
Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Amount Due to Related Party as of
Total Payments in the Nine Months Ended September 30, September 30, December 31,
Nature of Relationship 2025 2024 2025 2024
Name Description of the Transactions (in thousands)
LeoStella
Former Joint Venture with Thales Alenia Space
The Company owned 50% of LeoStella, its joint venture with Thales. The Company contracted with LeoStella for the design, development and manufacture of satellites to operate its business. In November 2024, the Company acquired the remaining 50% of common units of BlackSky Satellite Systems, fka LeoStella, and it is now a wholly-owned subsidiary of BlackSky.
N/A
 $ 23,422 
N/A
N/A
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. $ 375  417  42  42 
Thales Alenia Space Shareholder and Parent of Wholly-owned Subsidiary, Seahawk Design, development and manufacture of telescopes. 4,808  3,666  —  — 
Seahawk 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. In July 2025, the Company repaid all debt outstanding and accrued interest to Seahawk.
 28,101  277  —  25,072 
Intelsat Former 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. In July 2025, the Company repaid all debt outstanding and accrued interest to Intelsat.
 $ 76,391  1,050 
N/A
 67,962