U.S. spy agency's space company contracts are a sign of big things to come

  • 📰 axios
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

A U.S. intelligence agency has awarded 3 commercial satellite companies contracts worth billions of dollars — a major moment in the increasing commercialization of space operations.

Planet did not reveal the potential amount of its contract, and it will report its first-quarter earnings onThis moment "demonstrates the commitment and the confidence that the U.S. government has in commercial companies, like BlackSky," Brian O'Toole, CEO of BlackSky, told Axios.By integrating both commercial data and NRO satellite-collected data, officials expect to get a more holistic view of what's happening on Earth at any given time.

"As you can see from the range of satellites operated by the three companies that won the award, they're getting potentially different kinds of data from those companies," the Secure World Foundation's Krystal Azelton told Axios.The agency has been moving toward this more integrated approach for years, and it gives these companies guaranteed revenue for years to come.

"The government is very much, I would assume, a core anchor, stability-providing partner for these companies," Azelton said. "It really not only fulfills a business model, but it ensures that they can continue to exist, as the ups and downs of the rest of the commercial market occur."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We’ll destroy space, like we’re destroying the planet. Humans suck.

Hope not one penny went to FElon Musk nor Bezos.

and yet millions of Americans are unhoused. AmericanPriorities

Singapore Singapore Latest News, Singapore Singapore Headlines