| Schedule of Related Party Transactions |
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Amount Due to Related Party as of |
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September 30, |
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December 31, |
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2021 |
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2020 |
| Name |
Nature of Relationship |
Description of the Transactions |
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(in thousands) |
| Seahawk |
Debt Issuer |
In 2019, the Company raised and converted $18.4 million from prior debt into new, outstanding debt and issued 13.5 million warrants to purchase Legacy BlackSky common stock. |
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$ |
19,198 |
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$ |
19,198 |
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| Intelsat |
Debt Issuer |
In 2019, the Company entered into a term loan facility for $50.0 million and issued 20.2 million warrants to purchase Legacy BlackSky common stock. |
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$ |
52,039 |
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$ |
52,039 |
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| Jason and Marian Joh Andrews |
The former co-founders and employees of Legacy BlackSky |
In 2018, the Company executed the notes totaling $12.5 million to repurchase an aggregate 11.5 million of Legacy BlackSky common stock shares. |
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$ |
10,000 |
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$ |
12,500 |
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Amount Due to Related Party as of |
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Total payments in Nine Months Ended September 30, |
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September 30, |
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December 31, |
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2021 |
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2020 |
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2021 |
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2020 |
| Name |
Nature of Relationship |
Description of the Transactions |
(in thousands) |
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(in thousands) |
| LeoStella |
Joint Venture |
Design, development and manufacture of multiple satellites |
$ |
15,060 |
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$ |
8,205 |
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$ |
— |
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$ |
8,012 |
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| Palantir Technologies |
Strategic Partner |
Multi-year software subscription agreement for $8.0 million |
$ |
375 |
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$ |
— |
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$ |
— |
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$ |
— |
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| X-Bow |
Equity Method Investee |
In 2017, the Company received stock in X-Bow. As of September 30, 2021, the Company had a 17.9% 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 |
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$ |
3,079 |
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$ |
— |
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$ |
750 |
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