BlackSky Technology (BKSY) 10-K30 Mar 212020 FY Annual reportFinancial data

Company Profile

Cover Page

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2020	Mar. 30, 2021	Jun. 30, 2020
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Fiscal Year Focus	2020
Document Period End Date	Dec. 31, 2020
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Registrant Name	Osprey Technology Acquisition Corp.
Entity Central Index Key	0001753539
Entity Address, State or Province	PA
Title of 12(b) Security	Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
Trading Symbol	SFTWU
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	true
Entity Public Float			$ 317,831,250
ICFR Auditor Attestation Flag	false
Class A Common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		31,625,000
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		7,906,250

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current Assets
Cash	$ 399,516	$ 1,083,611
Prepaid expenses	90,424	202,472
Prepaid income taxes	255,364	0
Total Current Assets	745,304	1,286,083
Deferred tax asset	0	1,361
Marketable securities held in Trust Account	318,041,728	316,958,514
TOTAL ASSETS	318,787,032	318,245,958
Current Liabilities
Accounts payable and accrued expenses	2,157,963	181,732
Income taxes payable	0	94,636
Total Current Liabilities	2,157,963	276,368
Deferred underwriting fee payable	11,068,750	11,068,750
Total Liabilities	13,226,713	11,345,118
Commitments and Contingencies (Note 7)
Class A common stock subject to possible redemption, 29,866,487 and 30,142,702 shares at redemption value as of December 31, 2020 and 2019, respectively	300,560,310	301,900,836
Stockholder's Equity
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	0
Additional paid-in capital	5,990,848	4,650,349
(Accumulated deficit)/retained earnings	(991,805)	348,716
Total Stockholders' Equity	5,000,009	5,000,004
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	318,787,032	318,245,958
Class A Common stock
Stockholder's Equity
Common Stock	175	148
Total Stockholders' Equity	175	148
Class B Common Stock
Stockholder's Equity
Common Stock	791	791
Total Stockholders' Equity	$ 791	$ 791

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Temporary Equity, Shares Outstanding	29,866,487	30,142,702
Class A Common stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	1,758,513	1,482,298
Common stock, shares outstanding	1,758,513	1,482,298
Temporary Equity, Shares Outstanding	29,866,487	30,142,702
Class B Common Stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	7,906,250	7,906,250
Common stock, shares outstanding	7,906,250	7,906,250

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Operating costs	$ 3,136,234	$ 264,346
Loss from operations	(3,136,234)	(264,346)
Other income:
Interest income on marketable securities held in Trust Account	1,793,627	714,993
Unrealized gain (loss) on marketable securities held in Trust Account	3,447	(6,479)
Other income, net	1,797,074	708,514
(Loss) income before income taxes	(1,339,160)	444,168
Provision for income taxes	(1,361)	(93,275)
Net (loss) income	$ (1,340,521)	$ 350,893
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption	22,578,037	29,584,814
Basic and diluted net income/loss per share	$ (0.29)	$ (0.02)
Basic and diluted weighted average shares outstanding, Non-redeemable common stock	9,458,716	7,591,097
Common Stock Subject to Possible Redemption
Other income:
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption	22,578,037	29,584,814
Basic and diluted net income/loss per share	$ 0.06	$ 0.02

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Total	Accumulated Deficit	Additional Paid-In Capital	Class A Common stock	Class B Common Stock
Beginning Balance at Dec. 31, 2018	$ 22,823	$ (2,177)	$ 24,051	$ 0	$ 949
Beginning Balance (shares) at Dec. 31, 2018				0	9,487,500
Forfeiture of common stock by Sponsor			158		$ (158)
Forfeiture of common stock by Sponsor,Shares					(1,581,250)
Sale of Units Net Of Underwriting Discounts And Value Offering Expenses	298,202,124		298,198,962	$ 3,162
Sale of Units Net Of Underwriting Discounts And Shares Offering Expenses				31,625,000
Sale of Private Placement Warrants	8,325,000		8,325,000
Change in value of common stock subject to possible redemption	(366,086)
Class A common stock subject to possible redemption, Value	(301,900,836)		(301,897,822)	$ (3,014)
Class A common stock subject to possible redemption, Shares				(30,142,702)
Net income/loss	350,893	350,893
Ending Balance at Dec. 31, 2019	5,000,004	348,716	4,650,349	$ 148	$ 791
Ending Balance (shares) at Dec. 31, 2019				1,482,298	7,906,250
Change in value of common stock subject to possible redemption	1,340,526		1,340,499	$ 27
Change in value of common stock subject to possible redemption, shares				276,215
Net income/loss	(1,340,521)	(1,340,521)
Ending Balance at Dec. 31, 2020	$ 5,000,009	$ (991,805)	$ 5,990,848	$ 175	$ 791
Ending Balance (shares) at Dec. 31, 2020				1,758,513	7,906,250

STATEMENTS OF CHANGES IN STOC_2

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)	12 Months Ended
	Dec. 31, 2020shares
Stock Issued During Period, Shares, New Issues	31,625,000
Number Of Warrant Issued	8,325,000

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities:
Net (loss) income	$ (1,340,521)	$ 350,893
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Interest earned on marketable securities held in Trust Account	(1,793,627)	(714,993)
Unrealized (gain) loss on marketable securities held in Trust Account	(3,447)	6,479
Deferred income tax provision (benefit)	1,361	(1,361)
Changes in operating assets and liabilities:
Prepaid expenses	112,048	(202,472)
Prepaid income taxes	(255,364)
Accounts payable and accrued expenses	1,976,231	180,244
Income taxes payable	(94,636)	94,636
Net cash used in operating activities	(1,397,955)	(286,574)
Cash Flow from Investing Activities:
Investment of cash in Trust Account		(316,250,000)
Cash withdrawn from Trust Account to pay franchise and income taxes	713,860
Net cash provided by (used in) investing activities	713,860	(316,250,000)
Cash Flows from Financing Activities:
Proceeds from sale of Units, net of underwriting discounts paid		309,925,000
Proceeds from sale of Private Placement Warrants		8,325,000
Proceeds from promissory notes – related party		124,992
Repayment of promissory notes – related party		(224,992)
Payment of offering costs		(571,876)
Net cash provided by financing activities		317,578,124
Net Change in Cash	(684,095)	1,041,550
Cash – Beginning	1,083,611	42,061
Cash – Ending	399,516	1,083,611
Supplemental cash flow information:
Cash paid for income taxes	350,000
Non-cash investing and financing activities:
Initial classification of Class A common stock subject to redemption		301,534,750
Change in value of common stock subject to possible redemption	(1,340,526)	366,086
Deferred underwriting fee payable	$ 11,068,750	$ 11,068,750

Description Of Organization And

Description Of Organization And Business Operations	12 Months Ended
Description Of Organization And Business Operations	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Organization and Business Operations	NOTE 1—DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Osprey Technology Acquisition Corp. (the “Company”) was incorporated in Delaware as a blank check company under the name “Osprey Acquisition Corp. II” on June 15, 2018. The Company changed its name to “Osprey Energy Acquisition Corp. II” on September 27, 2018 and then to “Osprey Technology Acquisition Corp.” on June 17, 2019. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company has generated no revenues to date and it does not expect that it will generate operating revenues until it consummates an initial business combination at the earliest. Although the Company may pursue an acquisition opportunity in any business or industry, it intends to focus on opportunities in the technology sector, particularly companies pursuing a Software-as-a-Service The Company has one subsidiary, Osprey Technology Merger Sub, Inc., a direct wholly owned subsidiary of the Company incorporated in Delaware on February 16, 2021. (“Merger Sub”) (see Note 11). As of December 31, 2020, the Company had not commenced operations. All activity through December 31, 2020 relates to the Company’s formation, the initial public offering (the “Initial Public Offering”), which is described below which is described below, identifying a target company for a Business Combination, activities in connection with the proposed acquisition of BlackSky Holdings, Inc., a Delaware corporation (“ BlackSky The registration statements for the Company’s Initial Public Offering were declared effective on October 31, 2019. On November 5, 2019, the Company consummated the Initial Public Offering of 27,500,000 units (the “Units” and, with respect to the shares of Class A common stock included in the Units sold, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of $275,000,000, which is described in Note 4. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 7,500,000 warrants (the “Private Placement Warrants”) at a price of $1.00 per Private Placement Warrant in a private placement to Osprey Sponsor II, LLC (the “Sponsor”), generating gross proceeds of $7,500,000, which is described in Note 5. Following the closing of the Initial Public Offering on November 5, 2019, an amount of $275,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”) and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 On November 11, 2019, the underwriters notified the Company of their intention to exercise their over-allotment option in full on November 13, 2019. As such, on November 13, 2019, the Company consummated the sale of an additional 4,125,000 Units, at $10.00 per Unit, and the sale of an additional 825,000 Private Placement Warrants, at $1.00 per Private Placement Warrant, generating total gross proceeds of $42,075,000. A total of $41,250,000 of the net proceeds was deposited into the Trust Account, bringing the aggregate proceeds deposited in the Trust Account to $316,250,000. Transaction costs for the Initial Public Offering amounted to $18,047,876 consisting of $6,325,000 of underwriting fees, $11,068,750 of deferred underwriting fees and $654,126 of other offering costs. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. The Company’s initial Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the balance in the Trust Account (excluding the deferred underwriting fees and taxes payable on income earned on the Trust Account) at the time of the signing an agreement to enter into a Business Combination. The Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company will provide its holders of the outstanding Public Shares (the “public stockholders”) with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a stockholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The public stockholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then on deposit in the Trust Account ($10.00 per Public Share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its franchise and income tax obligations). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants. The Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and, if the Company seeks stockholder approval, a majority of the outstanding shares voted are voted in favor of the Business Combination. If a stockholder vote is not required by law and the Company does not decide to hold a stockholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Certificate of Incorporation, conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission (the “SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, stockholder approval of the transaction is required by law, or the Company decides to obtain stockholder approval for business or legal reasons, the Company will offer to redeem Public Shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If the Company seeks stockholder approval in connection with a Business Combination, the Company’s Sponsor has agreed to vote its Founder Shares (as defined below in Note 5) and any Public Shares purchased during or after the Initial Public Offering in favor of approving a Business Combination. Additionally, each public stockholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction. Notwithstanding the foregoing, if the Company seeks stockholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the Company’s Amended and Restated Certificate of Incorporation provides that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% or more of the Public Shares, without the prior consent of the Company. The Sponsor and the Company’s officers and directors have agreed (a) to waive their redemption rights with respect to their Founder Shares and Public Shares held by them in connection with the completion of a Business Combination and (b) not to propose an amendment to the Company’s Amended and Restated Certificate of Incorporation (a) that would modify the substance or timing of the Company’s obligation to allow redemption in connection with a Business Combination or to redeem 100% of its Public Shares if the Company does not complete a Business Combination or (b) with respect to any other provision relating to stockholders’ rights or pre-initial The Company will have until November 5, 2021 to consummate a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share The Sponsor has agreed to waive its liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the Sponsor or any of the Company’s officers, directors or any of their affiliates acquires Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 7) held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($10.00). In order to protect the amounts held in the Trust Account, Mr. Jonathan Cohen, the Company’s Co-Chairman, Risks and Uncertainties Management continues to evaluate the impact of the COVID-19

Liquidity And Going Concern

Liquidity And Going Concern	12 Months Ended
Liquidity And Going Concern	Dec. 31, 2020
Liquidation And Going Concern Disclosure [Abstract]
Liquidity and Going Concern	NOTE 2—LIQUIDITY AND GOING CONCERN As of December 31, 2020, the Company had $399,516 in its operating bank accounts, $318,041,728 in marketable securities held in the Trust Account to be used for a Business Combination or to repurchase or redeem its Public Shares in connection therewith and a working capital deficit of $1,627,973, which excludes franchise taxes payable of $40,050 and prepaid income taxes of $255,364. As of December 31, 2020, approximately $1,792,000 of the amount on deposit in the Trust Account represented interest income and unrealized gains, which is available to pay the Company’s tax obligations, if any. Until the consummation of a Business Combination, the Company will be using the funds not held in the Trust Account for identifying and evaluating target businesses, performing due diligence on prospective target businesses, traveling to and from the offices, plants or similar location of prospective target businesses or their representatives or owners, reviewing corporate documents and material agreements of prospective target businesses and structuring, negotiating and completing a Business Combination. The Company will need to raise additional capital through loans or additional investments from its Sponsor, an affiliate of the Sponsor, or its officers or directors. The Company’s officers, directors and Sponsor, or their affiliates, may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs. Accordingly, the Company may not be able to obtain additional financing. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern through November 5, 2021, which is the date the Company is required to cease all operations except for the purpose of winding up if it has not completed a Business Combination. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	12 Months Ended
Summary Of Significant Accounting Policies	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 3—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging Use of Estimates The preparation of the financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of December 31, 2020 and 2019. Marketable Securities Held in Trust Account At December 31, 2020 and 2019, the assets held in the Trust Account were substantially held in U.S. Treasury Bills. Class A common Stock Subject to Possible Redemption The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Shares Class A common stock subject to mandatory redemption is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s Class A common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, Class A common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheets. Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2020 and 2019. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company may be subject to potential examination by federal, state and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal, state and city tax laws. The Company is subject to income tax examinations by major taxing authorities since inception. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. On March 27, 2020, the CARES Act was enacted in response to COVID-19 Net Income (Loss) Per Common Share Net income (loss) per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period, excluding shares of common stock subject to forfeiture. The Company has not considered the effect of the warrants sold in the Initial Public Offering and private placement to purchase an aggregate of 24,137,500 shares in the calculation of diluted loss per share, since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. The Company’s statement of operations includes a presentation of income (loss) per share for common shares subject to possible redemption in a manner similar to the two-class Net income (loss) per share, basic and diluted, for non-redeemable non-redeemable Non-redeemable non-redeemable Non-redeemable non-redeemable The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts): Year Ended 2020 Year Ended December 31, 2019 Class A Common stock subject to possible redemption Numerator: Earnings allocable to Class A common stock subject to possible redemption Interest earned on marketable securities held in Trust Account $ 1,693,901 $ 681,460 Unrealized gain (loss) on marketable securities held in Trust Account 3,255 (6,175 ) Less: interest available to be withdrawn for payment of taxes (272,467 ) (200,587 ) Net income attributable to Class A common stock subject to possible redemption $ 1,424,689 $ 474,698 Denominator: Weighted Average Class A Common stock subject to possible redemption Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption 22,578,037 29,584,814 Basic and diluted net income per share, Class A common stock subject to possible redemption $ 0.06 $ 0.02 Non-Redeemable Numerator: Net Loss minus Net Earnings Net Income (loss) $ (1,340,521 ) $ 350,893 Less: Net income allocable to Class A Common stock subject to possible redemption (1,424,689 ) (474,698 ) Non-Redeemable $ (2,765,210 ) $ (123,805 ) Denominator: Weighted Average Non-Redeemable Basic and diluted weighted average shares outstanding, Non-redeemable 9,458,716 7,591,097 Basic and diluted net loss per share, Non-redeemable $ (0.29 ) $ (0.02 ) Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on these accounts. Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature. Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

Initial Public Offering

Initial Public Offering	12 Months Ended
Initial Public Offering	Dec. 31, 2020
Equity [Abstract]
Initial Public Offering	NOTE 4—INITIAL PUBLIC OFFERING Pursuant to the Initial Public Offering, the Company sold 31,625,000 Units, which includes the full exercise by the underwriters of their option to purchase an additional 4,125,000 Units, at a purchase price of $10.00 per Unit. Each Unit consists of one share of Class A common stock and one-half

Private Placement

Private Placement	12 Months Ended
Private Placement	Dec. 31, 2020
Equity [Abstract]
Private Placement	NOTE 5—PRIVATE PLACEMENT Simultaneously with the closing of the Initial Public Offering and the exercise of underwriters’ over-allotment option, the Sponsor purchased an aggregate of 8,325,000 Private Placement Warrants at a price of $1.00 per Private Placement Warrant, for an aggregate purchase price of $8,325,000. Each Private Placement Warrant is exercisable to purchase one share of Class A common stock at an exercise price of $11.50. The proceeds from the Private Placement Warrants were added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Warrants will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law), and all underlying securities will expire worthless.

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 6—RELATED PARTY TRANSACTIONS Founder Shares In June 2018, the Sponsor purchased 125,000 shares (the “Founder Shares”) of the Company’s Class B common stock for an aggregate price of $25,000. In September 2018, the Company effectuated a 69-for-1 as-converted one-for-one The Sponsor has agreed, subject to certain limited exceptions, not to transfer, assign or sell any of its Founder Shares until the earlier to occur of: (i) one year after the completion of a Business Combination or (ii) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property. Notwithstanding the foregoing, if the last sale price of the Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading lock-up. Administrative Support Agreement The Company entered into an agreement whereby, commencing on November 5, 2019, the Company agreed to pay the Sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. Upon completion of the Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. For the year ended December 31, 2020 and 2019, the Company incurred and paid $120,000 and $20,000 in fees for these services, respectively. Promissory Note—Related Party On September 12, 2018, the Company issued an unsecured promissory note to the Sponsor (the “Promissory Note”), pursuant to which the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering. The Promissory Note was non-interest . Related Party Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor, an affiliate of the Sponsor, or the Company’s officers and directors may, but are not obligated to, loan the Company funds from time to time or at any time, as may be required (“Working Capital Loans”). Each Working Capital Loan would be evidenced by a promissory note. The Working Capital Loans would either be paid upon consummation of a Business Combination, without interest, or, at the holder’s discretion, up to $1,500,000 of the Working Capital Loans may be converted into warrants at a price of $1.00 per warrant. The warrants would be identical to the Private Placement Warrants. In the event that a Business Combination does not close, the Company may use a portion of the proceeds held outside the Trust Account to repay the Working Capital Loans, but no proceeds held in the Trust Account would be used to repay the Working Capital Loans.

Commitments

Commitments	12 Months Ended
Commitments	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments	NOTE 7—COMMITMENTS Registration Rights Pursuant to a registration rights agreement entered into on October 31, 2019, the Sponsor and holders of warrants issued upon conversion of Working Capital Loans, if any, will have registration rights to require the Company to register a sale of any of its securities held by them (in the case of the Founder Shares, only after conversion to Class A common stock). These holders will be entitled to make up to three demands, excluding short form registration demands, that the Company register such securities for sale under the Securities Act. In addition, these holders will have “piggy-back” registration rights to include such securities in other registration statements filed by the Company and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up Underwriting Agreement The Company granted the underwriters a 45-day The underwriters were paid a cash underwriting discount of $0.20 per Unit, or $6,325,000 in the aggregate. The underwriters are entitled to a deferred fee of $0.35 per Unit, or $11,068,750 in the aggregate. The deferred fee will be forfeited by the underwriters solely in the event that the Company fails to complete a Business Combination, subject to the terms of the underwriting agreement.

Stockholder's Equity

Stockholder's Equity	12 Months Ended
Stockholder's Equity	Dec. 31, 2020
Equity [Abstract]
Stockholder's Equity	NOTE 8—STOCKHOLDERS’ EQUITY Preferred Stock Class A Common Stock Class B Common Stock Holders of Class B common stock will have the right to elect all of the Company’s directors prior to the consummation of a Business Combination. Holders of Class A common stock and Class B common stock will vote together as a single class on all other matters submitted to a vote of stockholders, except as required by law. These provisions of the Company’s Amended and Restated Certificate of Incorporation may only be amended if approved by holders of a majority of at least 90% of the Company’s common stock voting in a stockholder meeting. The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of a Business Combination on a one-for-one as-converted Warrants Once the warrants become exercisable, the Company may redeem the Public Warrants: • in whole and not in part; • at a price of $0.01 per warrant; • upon not less than 30 days’ prior written notice of redemption; • if, and only if, the reported last sale price of the Company’s Class A common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading • If, and only if, there is a current registration statement in effect with respect to the shares of Class A common stock underlying such warrants. The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A common stock issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable In addition, (x) if the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of shares of Class A common stock issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, or recapitalization, reorganization, merger or consolidation. Additionally, in no event will the Company be required to net cash settle the warrants. If the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at a newly issued price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by them, as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions), and (z) the market value (as defined in the warrant agreement) is below $9.20 per share, the exercise price of the Public Warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the market value and the newly issued price, and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the higher of the market value and the newly issued price. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such warrants. Accordingly, the warrants may expire worthless.

Income Tax

Income Tax	12 Months Ended
Income Tax	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Tax	NOTE 9 — INCOME TAX The Company’s net deferred tax assets are as follows: December 31, 2020 2019 Deferred tax assets Net operating loss carryforward $ 290,402 $ — Unrealized (gain) loss on marketable securities (7,818 ) 1,361 Total deferred tax assets 282,584 1,361 Valuation Allowance (282,584 ) — Deferred tax assets, net valuation allowance $ — $ 1,361 The income tax provision consists of the following: As of December 31, 2020 2019 Federal Current $ — $ 94,636 Deferred (281,223 ) (1,361 ) State and Local Current — — Deferred — — Change in valuation allowance 282,584 — Income tax provision $ 1,361 $ 93,275 As of December 31, 2020 and 2019, the Company had $1,382,869 and $0 of U.S. federal and state net operating loss carryovers available to offset future taxable income. In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established a full valuation allowance. For the year ended December 31, 2020 and 2019, the change in the valuation allowance was $282,584 and $0. A reconciliation of the federal income tax rate to the Company’s effective tax rate is as follows: December 31, December 31, Statutory federal income tax rate 21.0 % 21.0 % State taxes, net of federal tax benefit 0.0 % 0.0 % Valuation allowance (21.1 )% 0.0 % Income tax provision (0.1 )% 21.0 % The Company files income tax returns in the U.S. federal jurisdiction and is subject to examination by the various taxing authorities. The Company’s tax returns since inception remain open to examination by the taxing authorities.

Fair value measurements

Fair value measurements	12 Months Ended
Fair value measurements	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair value measurements	NOTE 10—FAIR VALUE MEASUREMENTS The Company follows the guidance in ASC 820 for its financial assets and liabilities that are re-measured non-financial re-measured The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities: Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. Level 3: Unobservable inputs based on the Company’s assessment of the assumptions that market participants would use in pricing the asset or liability. The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2020 and, 2019, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: Description Level December 31, December 31, Assets: Marketable securities held in Trust Account 1 $ 318,041,728 $ 316,958,514

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 11—SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements. On February 17, 2021, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Merger Sub and BlackSky, which provides for, among other things, the merger of Merger Sub with and into BlackSky, with BlackSky continuing as the surviving entity (the “Merger” and, collectively with the other transactions contemplated by the Merger Agreement, the “Transactions”). The Transactions set forth in the Merger Agreement, including the Merger, will constitute a “Business Combination”. Pursuant to the Merger Agreement, the aggregate merger consideration payable to equity holders of BlackSky at closing (the “Total Consideration”) will be paid in a number of shares of newly-issued Class A common stock of the Company, valued at $10.00 per share (the “Company Common Stock”), calculated by dividing (x) $925,000,000, plus (a) the aggregate exercise prices that would be paid to BlackSky if all stock options and all warrants outstanding as of immediately prior to the closing were exercised in full, minus (b) any unfunded amount under BlackSky’s bridge loan, minus (c) the total consideration payable to shares of BlackSky’s Class B common stock, which is equal to the product of (i) the total number of shares of BlackSky’s Class B common stock, par value $0.00001 per share, issued and outstanding as of immediately prior to the effective time of the Merger and (ii) an amount in cash equal to $0.00001 by (y) $10.00. Effective as of the effective time of the Merger and by virtue of the Merger, each option to purchase shares of BlackSky Class A Common Stock (each, a “BlackSky Stock Option”) that is outstanding and unexercised as of immediately prior to the effective time of the Merger will be converted into an option to acquire a number of shares of Company Class A Common Stock equal to the product obtained by multiplying (x) the number of shares of BlackSky Common Stock subject to the applicable BlackSky Stock Option by (y) the Class A Common Exchange Ratio, and will be subject to the same terms and conditions as were applicable to such BlackSky Stock Option (each an “Assumed Company Stock Option”). For purposes of the Merger Agreement, the Class A Common Exchange Ratio equals the quotient of (A) the residual Total Consideration after taking into account the preferred series preference amounts, divided by $10.00, divided by (B) the number of participating shares of BlackSky Common Stock on a fully diluted basis. The exercise price per share of each Assumed Company Stock Option will be equal to the quotient obtained by dividing (x) the exercise price per share applicable to such BlackSky Stock Option by (y) the Class A Common Exchange Ratio. The Transaction will be consummated subject to the deliverables and provisions as further described in the Merger Agreement.

Summary Of Significant Accoun_2

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
Summary Of Significant Accounting Policies (Policies)	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.
Emerging Growth Company	Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.
Cash and cash Equivalents	Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of December 31, 2020 and 2019.
Marketable Securities Held in Trust Account	Marketable Securities Held in Trust Account At December 31, 2020 and 2019, the assets held in the Trust Account were substantially held in U.S. Treasury Bills.
Common Stock Subject to Possible Redemption	Class A common Stock Subject to Possible Redemption The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Shares Class A common stock subject to mandatory redemption is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s Class A common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, Class A common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheets.
Income Taxes	Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2020 and 2019. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company may be subject to potential examination by federal, state and city taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal, state and city tax laws. The Company is subject to income tax examinations by major taxing authorities since inception. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. On March 27, 2020, the CARES Act was enacted in response to COVID-19
Net Loss Per Common Share	Net Income (Loss) Per Common Share Net income (loss) per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period, excluding shares of common stock subject to forfeiture. The Company has not considered the effect of the warrants sold in the Initial Public Offering and private placement to purchase an aggregate of 24,137,500 shares in the calculation of diluted loss per share, since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. The Company’s statement of operations includes a presentation of income (loss) per share for common shares subject to possible redemption in a manner similar to the two-class Net income (loss) per share, basic and diluted, for non-redeemable non-redeemable Non-redeemable non-redeemable Non-redeemable non-redeemable The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts): Year Ended 2020 Year Ended December 31, 2019 Class A Common stock subject to possible redemption Numerator: Earnings allocable to Class A common stock subject to possible redemption Interest earned on marketable securities held in Trust Account $ 1,693,901 $ 681,460 Unrealized gain (loss) on marketable securities held in Trust Account 3,255 (6,175 ) Less: interest available to be withdrawn for payment of taxes (272,467 ) (200,587 ) Net income attributable to Class A common stock subject to possible redemption $ 1,424,689 $ 474,698 Denominator: Weighted Average Class A Common stock subject to possible redemption Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption 22,578,037 29,584,814 Basic and diluted net income per share, Class A common stock subject to possible redemption $ 0.06 $ 0.02 Non-Redeemable Numerator: Net Loss minus Net Earnings Net Income (loss) $ (1,340,521 ) $ 350,893 Less: Net income allocable to Class A Common stock subject to possible redemption (1,424,689 ) (474,698 ) Non-Redeemable $ (2,765,210 ) $ (123,805 ) Denominator: Weighted Average Non-Redeemable Basic and diluted weighted average shares outstanding, Non-redeemable 9,458,716 7,591,097 Basic and diluted net loss per share, Non-redeemable $ (0.29 ) $ (0.02 )
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on these accounts.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature.
Recent Accounting Standards	Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

Summary Of Significant Accoun_3

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
Summary Of Significant Accounting Policies (Tables)	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of earning per share basic and diluted reconciliation	The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts): Year Ended 2020 Year Ended December 31, 2019 Class A Common stock subject to possible redemption Numerator: Earnings allocable to Class A common stock subject to possible redemption Interest earned on marketable securities held in Trust Account $ 1,693,901 $ 681,460 Unrealized gain (loss) on marketable securities held in Trust Account 3,255 (6,175 ) Less: interest available to be withdrawn for payment of taxes (272,467 ) (200,587 ) Net income attributable to Class A common stock subject to possible redemption $ 1,424,689 $ 474,698 Denominator: Weighted Average Class A Common stock subject to possible redemption Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption 22,578,037 29,584,814 Basic and diluted net income per share, Class A common stock subject to possible redemption $ 0.06 $ 0.02 Non-Redeemable Numerator: Net Loss minus Net Earnings Net Income (loss) $ (1,340,521 ) $ 350,893 Less: Net income allocable to Class A Common stock subject to possible redemption (1,424,689 ) (474,698 ) Non-Redeemable $ (2,765,210 ) $ (123,805 ) Denominator: Weighted Average Non-Redeemable Basic and diluted weighted average shares outstanding, Non-redeemable 9,458,716 7,591,097 Basic and diluted net loss per share, Non-redeemable $ (0.29 ) $ (0.02 )

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
Income Tax (Tables)	Dec. 31, 2020
Deferred tax asset
Summary of Net Deferred Tax Assets	The Company’s net deferred tax assets are as follows: December 31, 2020 2019 Deferred tax assets Net operating loss carryforward $ 290,402 $ — Unrealized (gain) loss on marketable securities (7,818 ) 1,361 Total deferred tax assets 282,584 1,361 Valuation Allowance (282,584 ) — Deferred tax assets, net valuation allowance $ — $ 1,361
Schedule of Provision (Benefit) For Income Taxes	The income tax provision consists of the following: As of December 31, 2020 2019 Federal Current $ — $ 94,636 Deferred (281,223 ) (1,361 ) State and Local Current — — Deferred — — Change in valuation allowance 282,584 — Income tax provision $ 1,361 $ 93,275
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation	A reconciliation of the federal income tax rate to the Company’s effective tax rate is as follows: December 31, December 31, Statutory federal income tax rate 21.0 % 21.0 % State taxes, net of federal tax benefit 0.0 % 0.0 % Valuation allowance (21.1 )% 0.0 % Income tax provision (0.1 )% 21.0 %

Fair value measurements (Tables

Fair value measurements (Tables)	12 Months Ended
Fair value measurements (Tables)	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Summary of Assets Measured at Fair Value On Recurring Basis	The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2020 and, 2019, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: Description Level December 31, December 31, Assets: Marketable securities held in Trust Account 1 $ 318,041,728 $ 316,958,514

Description Of Organization A_2

Description Of Organization And Business Operations (Detail) - USD ($)	Nov. 11, 2019	Nov. 05, 2019	Dec. 31, 2020	Dec. 31, 2019
Organization consolidation and presentation of financial statements [Line Items]
Revenues			$ 0
Gross proceeds from issuance of warrants				$ 8,325,000
Transaction costs				$ 571,876
Minimum percentage of fair market value of business acquisition to trust account balance			80.00%
Business acquisition, percentage of minimum ownership to be acquired			50.00%
Decommissioning trust assets description			The Sponsor and the Company’s officers and directors have agreed (a) to waive their redemption rights with respect to their Founder Shares and Public Shares held by them in connection with the completion of a Business Combination and (b) not to propose an amendment to the Company’s Amended and Restated Certificate of Incorporation (a) that would modify the substance or timing of the Company’s obligation to allow redemption in connection with a Business Combination or to redeem 100% of its Public Shares if the Company does not complete a Business Combination or (b) with respect to any other provision relating to stockholders’ rights or pre-initial Business Combination activity, unless the Company provides the public stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment.
Public shares redemption percentage			100.00%
Public shares redemption percentage threshold			15.00%
Maximum
Organization consolidation and presentation of financial statements [Line Items]
Net tangible assets			$ 5,000,001
Net interest to pay dissolution expenses			100,000
Underwriters
Organization consolidation and presentation of financial statements [Line Items]
Number of shares issued	4,125,000
Shares issued, price per share	$ 10
Number of warrants issued	825,000
Warrants issued, price per warrant	$ 1
Proceeds from Issuance or Sale of Equity	$ 42,075,000
Common stock held in trust	41,250,000		$ 10
Assets held in trust	$ 316,250,000
Transaction costs		$ 6,325,000
IPO
Organization consolidation and presentation of financial statements [Line Items]
Number of shares issued		27,500,000	31,625,000
Shares issued, price per share		$ 10
Number of shares issued, value		$ 275,000,000
Transaction costs		18,047,876
Deferred underwriting fees		11,068,750
Other offering costs		$ 654,126
Private Placement Warrants
Organization consolidation and presentation of financial statements [Line Items]
Number of shares issued		275,000,000
Number of warrants issued		7,500,000
Warrants issued, price per warrant		$ 1
Gross proceeds from issuance of warrants		$ 7,500,000

Liquidity And Going Concern - A

Liquidity And Going Concern - Additional information (Detail)	Dec. 31, 2020USD ($)
Liquidation And Going Concern Disclosure [Abstract]
Operating bank accounts	$ 399,516
Marketable securities held in Trust	318,041,728
Working capital deficit	1,627,973
Taxes payable, current	40,050
Prepaid income taxes	255,364
Deposit in the Trust	$ 1,792,000

Summary Of Significant Accoun_4

Summary Of Significant Accounting Policies (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Numerator: Earnings allocable to Class A common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account	$ 1,693,901	$ 681,460
Unrealized (gain) loss on marketable securities held in Trust Account	3,255	(6,175)
Income From Investments Held In Trust Account Used To Pay For Taxes	(272,467)	(200,587)
Net income attributable to Class A common stock subject to possible redemption	$ 1,424,689	$ 474,698
Denominator: Weighted Average Class A Common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption	22,578,037	29,584,814
Basic and diluted net income per share, Class A common stock subject to possible redemption	$ 0.06	$ 0.02
Numerator: Net Loss minus Net Earnings
Net Income (loss)	$ (1,340,521)	$ 350,893
Less: Net income allocable to Class A Common stock subject to possible redemption	(1,424,689)	(474,698)
Non-Redeemable Net Loss	$ (2,765,210)	$ (123,805)
Denominator: Weighted Average Non-Redeemable common stock
Basic and diluted weighted average shares outstanding, Non-redeemable common stock	9,458,716	7,591,097
Basic and diluted net loss per share, Non-redeemable common stock	$ (0.29)	$ (0.02)

Summary Of Significant Accoun_5

Summary Of Significant Accounting Policies - Additional Information (Detail)	Dec. 31, 2020USD ($)shares
Federal depository insurance coverage \| $	$ 250,000
IPO And Private Placement [Member]
Class of warrants to purchase common stock \| shares	24,137,500

Initial Public Offering - Addit

Initial Public Offering - Additional Information (Detail) - $ / shares	Nov. 13, 2019	Nov. 05, 2019	Dec. 31, 2020
Second Closing Of Offering
Number of shares issued	4,125,000
Number of shares of common stock issuable on exercise of each warrant	1
Exercise price of warrants	$ 11.50
IPO
Number of shares issued		27,500,000	31,625,000
Shares issued, price per share		$ 10

Private Placement - Additional

Private Placement - Additional Information (Detail) - USD ($)	Nov. 13, 2019	Dec. 31, 2020	Nov. 05, 2019
Stock Issued During Period, Shares, New Issues		31,625,000
Private Placement \| Warrant
Shares issued, price per share			$ 1
Exercise price of warrants	$ 11.50
Number of shares of common stock issuable on exercise of each warrant	1
Additional Private Placement \| Warrant
Stock Issued During Period, Shares, New Issues	8,325,000
Stock issued during period, value, new issues	$ 8,325,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	Nov. 05, 2019	Oct. 31, 2019	Apr. 30, 2019	Jun. 30, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Sale of common stock, Shares					31,625,000
Proceeds from promissory notes to related party						$ 124,992
Repayment of promissory notes to related party						224,992
Warrant
Working capital loan					$ 1,500,000
Exercise price of warrants					$ 1
Administrative Support Agreement
Payment to sponsor					$ 120,000	20,000
Related party fees					$ 120,000	$ 20,000
Sponsor
Percentage of shares held					20.00%
Sponsor \| Promissory Note
Proceeds from promissory notes to related party					$ 300,000
Repayment of promissory notes					The Promissory Note was non-interest bearing and payable on the earlier of December 31, 2019 or the completion of the Initial Public Offering.
Repayment of promissory notes to related party	$ 224,992
Sponsor \| Office Space Utilities And Secretarial And Administrative Support
Payment to sponsor					$ 10,000
Related party fees					$ 10,000
Class B Common Stock
Common stock, shares outstanding					7,906,250	7,906,250
Common stock dividends, shares		1.1
Class B Common Stock \| Over-Allotment Option
Common stock, Not subject to forfeiture						1,031,250
Class B Common Stock \| Sponsor
Sale of common stock, Shares				125,000
Proceeds from issuance of common stock				$ 25,000
Common stock, shares outstanding			7,187,500			7,906,250	9,487,500	8,625,000
Common stock, subject to forfeiture		1,031,250	937,500				1,237,500	1,125,000
Common stock, retired			1,581,250
Common stock dividends, shares		1.1
Percentage of shares held		20.00%
Share price per share						$ 12

Commitments - Additional Inform

Commitments - Additional Information (Detail) - USD ($)	Nov. 13, 2019	Dec. 31, 2020	Dec. 31, 2019
Underwriting discount			$ 571,876
Over-Allotment Option
Option to purchase additional units to cover over-allotments		4,125,000
Number of additional units purchased by underwriters	4,125,000
Underwriters option period		45 days
Underwriting discount per unit	$ 0.20
Underwriting discount	$ 6,325,000
Deferred fee per unit	$ 0.35
Deferred fee	$ 11,068,750

Stockholder's Equity - Addition

Stockholder's Equity - Additional Information (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Oct. 31, 2019	Apr. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Description of minimum Votes to be polled	<tr><td></td></tr></table>" id="sjs-B7">These provisions of the Company’s Amended and Restated Certificate of Incorporation may only be amended if approved by holders of a majority of at least 90% of the Company’s common stock voting in a stockholder meeting.<table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
Temporary Equity Shares Outstanding	29,866,487	30,142,702
Warrant
Period after business combination when warrants become exercisable	30 days
Period after offering when warrants become exercisable	12 months
Maximum period for filing sec registration statement	15 days
Redemption price per warrant	$ 0.01
Minimum period of prior written notice of redemption of warrants	30 days
Minimum price per share required for redemption of warrants	$ 18
Warrants redemption covenant, threshold trading days	30 days
Warrants redemption covenant, threshold consecutive trading days	20 days
Percentage of warrants exercise price	115.00%
Percent Of Gross proceeds To Equity Proceeds	60.00%
Market Price of Warrant	$ 9.20
Share Redemption Trigger Price	$ 18
Percent Of Redemption Trigger Price To Market Value And Issue Price	180.00%
Sponsor
Percentage of shares held	20.00%
Class A Common stock
Common stock, shares authorized	150,000,000	150,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, voting rights per share	one
Common stock, shares issued	1,758,513	1,482,298
Common stock, shares outstanding	1,758,513	1,482,298
Temporary Equity Shares Outstanding	29,866,487	30,142,702
Class A Common stock \| Warrant
Exercise price of warrants	$ 9.20
Class B Common Stock
Common stock, shares authorized	25,000,000	25,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	7,906,250	7,906,250
Common stock, shares outstanding	7,906,250	7,906,250
Class B Common Stock \| Sponsor
Common stock, shares outstanding		7,906,250		7,187,500	9,487,500	8,625,000
Percentage of shares held			20.00%

Income Tax - Summary of Net Def

Income Tax - Summary of Net Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deferred tax asset
Net operating loss carryforward	$ 290,402
Unrealized (gain) loss on marketable securities	(7,818)	$ 1,361
Total deferred tax asset	282,584	1,361
Valuation allowance	(282,584)
Deferred tax assets, net valuation allowance	$ 0	$ 1,361

Income Tax - Schedule of Provis

Income Tax - Schedule of Provision (Benefit) For Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Federal
Current		$ 94,636
Deferred	$ (281,223)	(1,361)
State and Local
Current	0
Deferred	0
Change in Valuation Allowance	282,584
Income tax provision	$ 1,361	$ 93,275

Income Tax - Additional Informa

Income Tax - Additional Information (Detail) - USD ($)	12 Months Ended
Income Tax - Additional Information (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Net operating loss carryovers	$ 1,382,869	$ 0
Change in the valuation allowance	$ 282,584	$ 0

Income Tax - Effective Income T

Income Tax - Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	21.00%	21.00%
State taxes, net of federal tax benefit	0.00%	0.00%
Valuation allowance	(21.10%)	0.00%
Income tax provision	(0.10%)	21.00%

Fair value measurements (Detail

Fair value measurements (Details) - USD ($)		Dec. 31, 2020	Dec. 31, 2019
Fair Value, Recurring [Member] \| Fair Value Inputs Level 1 [Member] \| Marketable Securities Held In Trust [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable securities held in Trust Account	[1]	$ 318,041,728	$ 316,958,514

[1]	Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Black Sky - Subsequent Event	Feb. 17, 2021USD ($)$ / shares
Purchase price	$ 10
Business combination, transferred other \| $	$ 925,000,000
Class B common stock par value	$ 0.00001
Cash payable per share	$ 0.00001