Successful Launch of Gen-3 Satellite
The first Gen-3 satellite was successfully launched and began initial imaging operations within five days, exceeding customer expectations in image quality.
Major Contract Wins
BlackSky secured a seven-year contract valued at over $100 million with an existing international customer and $20 million in contracts with India for earth observation capabilities.
Positive Adjusted EBITDA
BlackSky achieved its first full year of positive adjusted EBITDA in 2024, amounting to $11.6 million, a significant improvement from a loss of $1 million in 2023.
Revenue Growth Forecast
The company forecasts total revenue growth of 30% for 2025, supported by strong backlog and new contract wins.
Expansion Into New Markets
Successful entry into the Indian market with significant contracts, marking an initial presence in a growing market.