04/20/2021 1 Minute Read
BlackSky, a leading provider of real-time geospatial intelligence and global monitoring services that recently announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW), has shared that its BlackSky 7 satellite completed the commissioning process and entered full commercial operations within two weeks of launch. Further, the company has revealed two additional BlackSky satellites have been shipped to a launch facility in New Zealand for its next planned launch mission with Rocket Lab named “Running out of Toes” scheduled for May 2021.
BlackSky’s enhanced commissioning capabilities showcase advanced levels of automation and asynchronous system evaluations that allow rapid integration of new satellites into its constellation. These features streamline the company’s ability to rapidly grow the space sensor network and extend capacity to deliver real-time intelligence with average one-hour, dawn-to-dusk imagi
8 hours ago
Company Ships Two Additional Satellites to Launch Facility, Reinforcing its Speed to Space and Rapid Delivery of First-to-Know Insights
HERNDON, Va.–(BUSINESS WIRE)–#geospatialintelligence BlackSky, a leading provider of real-time geospatial intelligence and global monitoring services that recently announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW), today shared that its BlackSky 7 satellite completed the commissioning process and entered full commercial operations within two weeks of launch. This latest satellite was launched at 22:30 UTC on March 22, 2021, delivered first insights and began limited commercial operations less than 24 hours later. Further, the company today revealed two additional BlackSky satellites have been shipped to a launch facility in New Zealand for its next planned launch mission with Rocket Lab named “Running out of Toes” scheduled for May 2021.
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Osprey Technology Acquisition (NYSE:SFTW) dipped 11.6% in March, according to data from S&P Global Market Intelligence. Valuations for many special purpose acquisition companies (SPACs) fell as the market moved out of growth-dependent tech stocks last month, and Osprey was hit by the pullback.
Osprey announced in February that it would be combining with satellite and data analytics specialist BlackSky Holdings and taking the company public through the merger. The SPAC s share price posted explosive gains after the announcement, but the stock quickly lost ground following the post-news pop, and sell-offs continued in March.
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