BlackSky said Tuesday it received a $50M senior secured loan from Intelsat andÂ could use the money to integrate its service offerings with the latter'sÂ satcomÂ network and increase the revisit rate capacity of a smallsat constellation.
According to BlackSky, it looks to incorporate artificial intelligence and machine learning in processing imaging data from orbital assets as well as open-source intelligence platforms. Plans are also in place to send four BlackSky satellites to orbit in 2020 and expand the firm's constellation to 16 satellites by 2021.
Intelsat CEO StephenÂ SpenglerÂ saidÂ the companyâ€™s investment in BlackSky will support the latterâ€™s current infrastructure as well as Intelsatâ€™s efforts to expand its commercial alliances.
â€œWe believe a significant number of commercial and government sector customers will increasingly rely on geospatial intelligence,â€ Spengler added.
Evercore andÂ PJT Partners respectivelyÂ served asÂ financial advisers toÂ BlackSky andÂ Intelsat in the deal.