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Space

BlackSky Acquires Full Stake in LeoStella Ahead of Gen-3 Constellation

By Rachel Jewett

Friday, November 8th, 2024

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BlackSky Acquires Full Stake in LeoStella Ahead of Gen-3 Constellation

LeoStella’s factory in Tukwila, Washington. Photo: LeoStella

Ahead of launching the first satellites in its Gen-3 constellation upgrade, BlackSky [BKSY] fully acquired small satellite manufacturer LeoStella. BlackSky announced the move in its third quarter investor call on Nov. 7, along with 6% revenue growth and a strong quarter of contract wins. LeoStella was a 50-50 joint venture between BlackSky and Thales Alenia Space. The small satellite manufacturer based in Washington state builds BlackSky’s satellites. “BlackSky acquired our partner’s stake in LeoStella to help optimize the Gen-3 supply chain and production operations,”…

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