BlackSky trims satellite fleet size to invest in analytics, says 2022 revenue to fall short of pre-IPO forecast

by Peter B. de Selding

PARIS — Geospatial imagery and analytics provider BlackSky Technology Inc. is reducing the size of its constellation to focus investment on software and analytics development, the company’s core strength.

The company said its 2022 revenue would be about $60 million at the midpoint of its forecast, substantially less than the $114 million BlackSky had told investors to expect in the sunup to its September 2021 SPAC-enabled stock-market introduction.

In that same pre-IPO period, BlackSky had said 2021 revenue would be $46 million. It subsequently . . .

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