Caution around the U.S. government's budget process is shading growth expectations for this year lower. While the outlook is still uncertain, recent proposed bills in Congress show support for commercial imagery funding. Despite U.S. funding uncertainty, we still expect international demand for BlackSky's Gen3 services to be a tailwind for growth, but general availability of BlackSky's Gen3 services could get pushed out to early next year if the pace of launches does not pick up. Following the company's July note offering, BlackSky's liquidity has never been stronger. It ended 2Q:25 with cash and equivalents of $95 million and total liquidity of $228 million.