An artist's illustration of the company's Global satellites in orbit. BlackSky
Seattle-based satellite imagery specialist BlackSky is the latest space venture that will soon begin trading publicly, with the company on Thursday announcing a SPAC deal.
BlackSky is merging with special purpose acquisition company Osprey Technology. BlackSky will list on the New York Stock Exchange under the ticker BKSY when the deal closes, which is expected in July.
"This transaction fully funds our growth plans and accelerates our vision of providing our customers with a 'first-to-know' advantage. This is an important inflection point for our industry as commercial and government users demand access to real time information about the changes that matter most to them," BlackSky CEO Brian O'Toole said in a statement.
Osprey's SPAC currently trades under the ticker SFTW . Osprey is led by investors Edward Cohen and Jonathan Cohen alongside JANA Partners' David DiDomenico. The shares jumped as much as 37% in premarket trading Thursday.