Satellite imagery and data company BlackSky Holdings said it had agreed to go public through a merger with blank-check firm Osprey Technology Acquisition Corp in a deal valuing the combined entity at $1.5 billion.
By Reuters Staff
2 Min Read
(Reuters) - Satellite imagery and data company BlackSky Holdings said it had agreed to go public through a merger with blank-check firm Osprey Technology Acquisition Corp in a deal valuing the combined entity at $1.5 billion.
BlackSky, founded in 2014, uses a constellation of high-resolution small satellites with artificial intelligence and machine learning for real-time Earth observation.
It said it will be listed on the New York Stock Exchange, under the new ticker symbol “BKSY” after the merger, which is expected to provide $450 million in net proceeds.
This includes $180 million from investors including Tiger Global Management, Peter Thiel’s Mithril Capital, Hedosophia and Senator Investment Group.
By Reuters Staff
1 Min Read
MANILA, Feb 15 (Reuters) - Philippine fibre broadband provider Converge ICT Solutions Inc said on Monday it is holding talks with Elon Musk’s SpaceX on a potential broadband satellite venture in the Southeast Asian nation.
In a stock exchange disclosure, Converge said it is looking at satellite technologies, including that of Space Exploration Technologies Corp., to provide high-speed internet to remote Philippine locations. However, it is still very premature to talk about a possible partnership between Converge and SpaceX at this stage, it said, confirming news reports over the weekend. (bit.ly/3jPJyRF)
SpaceX did not immediately respond to an e-mailed request for comment.
The Federal Communications Commission said that the first phase in the largest auction of mid-band 5G spectrum to date had raised a record $80.9 billion in gross proceeds.