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United States securities and exchange commission logo





                              June 11, 2021

       David DiDomenico
       Chief Executive Officer and President
       Osprey Technology Acquisition Corp.
       1845 Walnut Street, Suite 1111
       Philadelphia, PA 19103

                                                        Re: Osprey Technology
Acquisition Corp.
                                                            Registration
Statement on Form S-4
                                                            Filed May 13, 2021
                                                            File No. 333-256103

       Dear Mr. DiDomenico:

              We have reviewed your registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Form S-4 filed on May 13, 2021

       Cover Page

   1.                                                   We note your disclosure
in the Notice on page v that public stockholders may elect to
                                                        redeem their shares
even if they vote for the Business Combination Proposal. Please
                                                        clarify here that
public stockholders may elect to redeem their public shares without
                                                        voting, and if they do
vote, irrespective of whether they vote for or against the Business
                                                        Combination Proposal.
       Questions and Answers About Osprey's Special Stockholder Meeting
       What happens if a substantial number of public stockholders vote in
favor of, page viii

   2.                                                   Expand this question
and answer to disclose the estimated maximum number of
                                                        Osprey shares that may
be redeemed and still enable the $225,000,000 condition to be
 David DiDomenico
FirstName  LastNameDavid DiDomenico
Osprey Technology Acquisition Corp.
Comapany
June       NameOsprey Technology Acquisition Corp.
     11, 2021
June 11,
Page 2 2021 Page 2
FirstName LastName
         met. Please also disclose the amount of funds in the trust account as
of the most recent
         practicable date.
Risk Factors
Additional Risks Relating to Ownership of New BlackSky Parent Class A Common
Stock
Following the Merger
New BlackSky Parent's amended and restated certificate of incorporation will
designate the
Court of Chancery of the State of Delaware, page 88

3.       Please revise this risk factor to clarify whether this exclusive forum
provision applies to
         actions arising under the Securities Act or Exchange Act. In this
regard, we note your
         disclosure on page 294 indicating that the exclusive forum provision
would not apply to
         actions arising under the Exchange Act or any other claim for which
the U.S. federal
         courts have exclusive jurisdiction, and that the federal district
courts of the United States
         will be the sole and exclusive forum for claims arising under the
Securities Act.

Description of the Transactions, page 91

4.       We note the entries for the deferred underwriting fee. Please disclose
the effective total
         underwriting fee, on a percentage basis for shares assuming no
redemptions as well
         as assuming maximum redemptions.
Unaudited Pro Forma Condensed Combined Financial Information
Note 2 - Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet as
of
December 31, 2020, page 98

5.       Refer to the table at note "O." Please revise the pro forma combined
company authorized
         shares so that it also presents 100 million preferred shares Osprey
will be authorized to
         issue.
Note 3 - Adjustments to Unaudited Pro Forma Condensed Combined Statement Of
Operations
for the year ended December 31, 2020, page 103

6.       We note adjustment 3a relates to transaction bonuses that BlackSky
will pay upon
         consummation of the merger. To the extent these bonuses are not
expected to have a
         continuing impact on your results, please tell us why you have
adjusted your pro forma
         statement of operations for this transaction cost.
7.       We refer you to adjustment 3f. Please expand the disclosure at (4) to
explain the
         calculation to determine the number of shares in the denominator
attributable to current
         BlackSky stockholders and application of the respective exchange
ratios to each of the
         BlackSky Class A common shares, BlackSky preferred shares and the
bridge loan. See
         Rule 11-02(a)(7)(ii)(D) of Regulation S-X.
 David DiDomenico
FirstName  LastNameDavid DiDomenico
Osprey Technology Acquisition Corp.
Comapany
June       NameOsprey Technology Acquisition Corp.
     11, 2021
June 11,
Page 3 2021 Page 3
FirstName LastName
Information About BlackSky
Our Customers, page 165

8.       Please identify here or elsewhere in the document the governments in
the Middle East and
         Asia Pacific which which you have material contracts. We also note
your reference at
         page 169 to the resale of BlackSky   s suite of satellite imaging and
data analytics services
         in Southeast Asia.
Unaudited Prospective Financial Information of BlackSky, page 214

9.       You state that your projections are based on numerous variables and
assumptions and that
         you believe the assumptions were reasonable at the time the
projections were prepared.
         Please expand your disclosure to further describe the material
assumptions underlying
         your projections. In this regard, we note that you are forecasting
significant revenue
         growth in all three projected periods and positive Adjusted EBITDA
starting in 2022.
         Clearly describe the basis for projecting these positive results,
identifying the assumptions
         and factors that materially impact the determination of these
projections.
10.      Please tell us whether you consider the prospective information total
revenue and
         Adjusted EBITDA disclosed at page 216 to be a forecast or projection
in accordance with
         Item 10(b) of Regulation S-K and the basis for your conclusion. To the
extent you have
         determined this information is a forecast or projection, explain how
you have applied the
         appropriate format for projections in Item 10(b)(2) of Regulation S-K.
11.      We note that two additional years of BlackSky projections were
provided in connection
         with the PIPE in February 2021. If the Osprey board considered the
additional years of
         forecasts in determining to agree to the merger agreement and to
recommend shareholder
         approval, please ensure that your description of material factors
considered addresses the
         additional information and explains the purpose for the different sets
of projections.
The Merger
Background of the Merger, page 216

12.      Please provide all disclosure Item 1015(b)(6) of Regulation S-K
requires with regard to
         the financial projections, preliminary valuations, and other reports
and presentations the
         financial advisors, BlackSky, or its agents provided to Osprey or its
representatives at
         various times prior to the execution of the merger agreement. In
addition, at page 219 you
         state that "Osprey and its financial advisors reviewed a number of
valuation metrics" in
         order to derive a valuation for BlackSky. See Item 4(b) of Form S-4.
13.      We note your disclosure indicating that BlackSky's valuation was
based, in part, on
         Osprey and its financial advisors' analysis of comparable companies.
Please revise your
         disclosure to provide more details regarding this analysis, including
the identity of the
         companies, the projected multiples and other financial data used to
derive such multiples
         and explain how this analysis was applied to determine BlackSky's
enterprise value. In
         addition, disclose the criteria used to select these companies.
 David DiDomenico
Osprey Technology Acquisition Corp.
June 11, 2021
Page 4
14.    We note that on January 12th and 13th, BlackSky and Osprey participated
in several
       discussions to finalize negotiations with respect to the term sheet, and
that multiple
       conversations took place over the course of the exclusivity period and
leading up to the
       execution of the merger agreement. Revise to identify the members of
management or
       representatives of BlackSky and Osprey who participated in the
referenced discussions
       during this period.
Exhibits

15.    Please file copies of BlackSky's employment agreements with Brian
O'Toole and Brian
       Daum as exhibits. Refer to Item 601(b)(10)(iii)(A) of Regulation S-K.
16.    We note that BlackSky Holdings, Inc. is party to an Amended and Restated
Loan and
       Security Agreement dated October 31, 2019 with Intelsat Jackson Holdings
SA and
       Seahawk SPV Investment LLC. To the extent that any outstanding debt
under the
       agreement will be assumed by the combined company, please file a copy of
the agreement
       as an exhibit to your registration statement.
17.    We note your disclosure on page 43 regarding BlackSky's dependence on
LeoStella as the
       sole manufacturer of its satellites and that a change to its
relationship with LeoStella could
       result in a material adverse effect on your business, results of
operations and cash flows.
       Please file the LeoStella satellite manufacturing joint venture
agreement as an exhibit or
       tell us why you believe it is not required to be filed. See Item 601(b)
of Regulation S-K.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

        You may contact Brian McAllister, Staff Accountant, at 202-551-3341 or
Craig
Arakawa, Accounting Branch Chief, at 202-551-3650 if you have questions
regarding comments
on the financial statements and related matters. Please contact Anuja A.
Majmudar, Attorney-
Advisor, at 202-551-3844 or, in her absence, Timothy S. Levenberg, Special
Counsel, at 202-
551-3707 with any other questions.



                                                              Sincerely,
FirstName LastNameDavid DiDomenico
                                                            Division of
Corporation Finance
Comapany NameOsprey Technology Acquisition Corp.
                                                            Office of Energy &
Transportation
June 11, 2021 Page 4
cc:       C. Michael Chitwood, Esq., of Skadden, Arps et al
FirstName LastName
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