XML 182 R52.htm IDEA: XBRL DOCUMENT v3.24.1
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Amount Due to Related Party as of
Total Payments in the Years Ended December 31,December 31,December 31,
Nature of Relationship2023202220232022
NameDescription of the Transactions(in thousands)
LeoStellaJoint Venture with Thales Alenia SpaceThe Company owns 50% of LeoStella, its joint venture with Thales. The Company contracts with LeoStella for the design, development and manufacture of satellites to operate its business.$23,910 $28,042 $10,843 $3,728 
X-BowEquity Method Investee
The Company had a less than 20% investment in X-Bow and held one Board seat through November 2023 when it sold its investment.
900 — — 
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. The Company has a non-cancelable operational commitment with Ursa Space Systems.458 583 42 — 
Thales Alenia SpaceShareholder and Parent of Wholly-owned Subsidiary, Seahawk (Debt Issuer)Design, development and manufacture of telescopes.8,092 11,388 750 693 
SeahawkDebt Issuer and subsidiary of Thales Alenia Space
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.
375 — 22,793 20,787 
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.
1,042 — 61,785 56,345