- Maxar Technologies Inc (NYSE:MAXR) (TSX: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.
