XML 47 R36.htm IDEA: XBRL DOCUMENT v3.22.1
Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Amount Due to Related Party as of
March 31,December 31,
20222021
NameNature of RelationshipDescription of the Transactions(in thousands)
SeahawkDebt 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.
$19,977 $19,977 
IntelsatDebt 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.
54,149 54,149 
Amount Due to Related Party as of
Total Payments in the three months ended March 31,March 31,December 31,
Nature of Relationship2022202120222021
NameDescription of the Transactions(in thousands)
LeoStellaJoint VentureDesign, development and manufacture of multiple satellites $9,697 $7,362 $3,951 $8,381 
X-BowEquity Method Investee
In 2017, the Company received stock in X-Bow. As of March 31, 2022, the Company had a 15.1% 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.
— 1,115 — 
Palantir TechnologiesStrategic Partner
Multi-year software subscription agreement for $8.0 million
— — 375 — 
Ursa Space SystemsStrategic PartnerThe 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.167 — 42 83