Maxar Reveals Strategic Investment In Blackshark.ai

Maxar Technologies Inc MAXR MAXR has made a strategic investment in Blackshark.ai, a provider of AI-powered geospatial analytics services. Financial terms were not disclosed.
The Blackshark.ai platform processes petabytes of satellite imagery in hours, and it detects and segments objects, roads, vegetation, and other infrastructure on the surface of the planet without human intervention.
Maxar's investment in Blackshark enables it to deliver additional 3D capabilities to a broader market for more customers while also introducing a new revenue stream from Blackshark.
Maxar's global cloudless satellite imagery base map, Vivid, will be used by Blackshark.ai to generate a photorealistic 3D map for commercial and government customers in industries such as gaming, metaverse, simulation, and mixed reality environments.
Price Action: MAXR shares are trading lower by 1.81% at $38.51 on NYSE and lower by 2.32% at C$48.33 on TSX on the last check Wednesday.