Delivering Real-Time Space-Based Intelligence
BlackSky Technology Inc. is a leading provider of real-time geospatial intelligence, offering high-frequency satellite imagery, analytics, and monitoring services. Headquartered in Herndon, Virginia, BlackSky operates a proprietary constellation of low Earth orbit (LEO) satellites and the BlackSky Spectra® platform, enabling rapid data collection and analysis for government and commercial clients worldwide.
Company Overview
Founded in 2013, BlackSky has established itself as a key player in the space-based intelligence sector. The company’s services are utilized by various U.S. and international government agencies, as well as commercial organizations, to gain timely insights into critical locations and events. BlackSky is publicly traded on the New York Stock Exchange under the ticker symbol BKSY.
Satellite Constellation and Capabilities
BlackSky’s satellite constellation is designed for rapid revisit and high-frequency monitoring. The company’s Generation-3 (Gen-3) satellites offer very high-resolution imagery with a ground sample distance of 35 centimeters. These satellites can capture dawn-to-dusk imagery up to 15 times per day, delivering data to customers within an average of 90 minutes after collection.
In May 2025, BlackSky successfully completed the commissioning of its first Gen-3 satellite and prepared to ship the second unit for an expected launch in the second quarter.
BlackSky Spectra® Platform
The BlackSky Spectra® platform is an AI-enabled tasking and analytics system that provides users with on-demand imagery and insights. The platform allows for rapid creation and regular updates of 3D products such as digital surface models and viewshed analyses.
In March 2025, BlackSky delivered its first AI-enabled analytics derived from very high-resolution Gen-3 imagery just three weeks following the satellite’s launch.
International Expansion and Partnerships
BlackSky has been expanding its international presence through strategic partnerships and contracts. In February 2024, the company secured approximately $50 million in multi-year contracts to deliver Gen-3 Earth observation satellites, ground station capabilities, and flight operations support to the Indonesian Ministry of Defense.
In May 2025, BlackSky signed multiple early access agreements with international defense sector customers for Gen-3 services, allowing these customers to integrate very high-resolution, 35-centimeter imagery into their daily intelligence operations.
Financial Performance
BlackSky reported strong financial results in the first quarter of 2025, with total revenue reaching $29.5 million, a 22% increase over the prior year period. The company secured over $130 million in new contract bookings, driving its backlog up 40% to $366 million.
For the full year 2024, BlackSky’s total revenue was $102.1 million, up 8% from 2023. The company’s adjusted EBITDA for 2024 was $11.6 million, compared to an adjusted EBITDA loss of $1.0 million in 2023, delivering a $12.7 million year-over-year improvement.
Technological Innovations
BlackSky continues to innovate in the field of geospatial intelligence. The company has been involved in efforts to coordinate observations of space-based sensors, known as tipping and cueing, which is becoming more common and seamless thanks to the proliferation of satellite sensors and artificial intelligence.
BlackSky’s approach focuses on delivering actionable intelligence rather than raw data, enabling customers to make informed decisions quickly.
Conclusion
BlackSky Technology Inc. stands at the forefront of real-time space-based intelligence, providing high-resolution imagery and AI-driven analytics to a diverse clientele. With its advanced satellite constellation, innovative Spectra® platform, and strategic international partnerships, BlackSky continues to enhance situational awareness and decision-making capabilities for governments and businesses around the globe.
