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BlackSky Technology Inc. - BKSY STOCK NEWS

Welcome to our dedicated page for BlackSky Technology news (Ticker: BKSY), a resource for investors and traders seeking the latest updates and insights on BlackSky Technology stock.

BlackSky Technology Inc. (NYSE: BKSY) is revolutionizing our ability to monitor and understand the world through real-time geospatial intelligence. Founded in 2013 and a wholly-owned subsidiary of Spaceflight Industries, BlackSky operates a planned 60-satellite constellation designed to capture high-quality satellite imagery and cover over 95% of the Earth's populated areas. This constellation provides near real-time satellite imagery, enabling businesses, nonprofits, and governments to make informed decisions.

The company's services are indispensable for monitoring and analyzing key economic assets, strategic locations, and global events. BlackSky's innovative Spectra AI software platform processes data from its constellation and other third-party sensors to generate actionable intelligence. This software is pivotal for delivering on-demand, high-frequency imagery and analytics that meet the specific needs of its customers.

Recently, BlackSky has achieved significant milestones, including a 31.7% year-over-year revenue increase and securing $30.0 million in new contracts and renewals. The company is also on track to launch its next generation of satellites (Gen 3) in the upcoming fiscal year, further enhancing its imaging capabilities.

BlackSky operates globally, with a presence in North America, the Middle East, Asia, and other regions. Its parent company, Spaceflight Industries, under the leadership of founder Jason Andrews, aims to be a catalyst in the commercialization, exploration, and development of space.

Recent news highlights the growing interest in BlackSky, with Stonegate Capital Partners initiating coverage on the company. Stonegate Capital Partners is a leading firm offering investor relations, equity research, and institutional investor outreach services, further validating BlackSky's market potential and operational excellence.

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BlackSky (NYSE: BKSY) has expanded its reseller network by adding Geoimage, a geospatial solutions provider. Geoimage will utilize BlackSky’s geospatial intelligence and imagery to deliver real-time insights to customers in sectors like government, oil and gas, mining, agriculture, and maritime. This collaboration aims to enhance efficiency and decision-making through automated alerts on operational anomalies and economic indicators. BlackSky’s technology combines machine learning and AI to offer cutting-edge geospatial monitoring services.

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BlackSky (NYSE: BKSY) announced a milestone achievement with its 12-satellite constellation, reaching a peak revisit rate of 15 hourly visits per day, which is the highest globally. This expansion follows the successful launch of six satellites across three missions. The company’s Spectra AI platform rapidly processes imagery, providing customers with timely insights. With a total of $283 million raised during its IPO, BlackSky is well-positioned to scale up services amidst strong market demand for geospatial intelligence.

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BlackSky’s latest press release announces the successful launch of two satellites, which has doubled its constellation capacity to twelve satellites. The new satellites began generating revenue within 18 hours post-launch. This launch, part of their mission on December 8, 2021, is hailed by BlackSky as a significant step in enhancing their geospatial intelligence capabilities, notably improving revisit rates for customers. The company continues to leverage machine learning and AI to provide valuable insights from its satellite data.

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BlackSky (NYSE: BKSY) expresses condolences for the families affected by recent tornados in the Midwest and Southeastern United States. The company, a leader in real-time geospatial intelligence, utilizes its satellite constellation to provide insights and data to customers worldwide. BlackSky’s technology allows for multiple daily imaging of targeted locations, offering critical information across various conditions. The organization emphasizes the importance of adapting to customer trends and will continue to monitor and respond to future needs.

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Rocket Lab USA successfully launched two BlackSky Gen-2 Earth-imaging satellites on December 9, 2021, marking its 23rd mission from New Zealand's Launch Complex 1. This launch increased BlackSky's satellite constellation to 12. Rocket Lab has now deployed a total of 109 satellites since its inception. The mission, part of a broader agreement with Spaceflight, demonstrates the company’s commitment to expanding satellite deployment rapidly. With a busy 2022 launch schedule planned, Rocket Lab continues to enhance its capabilities, including developing the Neutron launch vehicle for larger missions.

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BlackSky (NYSE: BKSY) announced the successful launch of two satellites via SpaceX, which has increased its constellation's revisit rates to six daily visits in key markets. Within 24 hours post-launch, these satellites began providing valuable insights to customers, enhancing operational agility. BlackSky aims to expand its satellite constellation to 12 by year-end 2021. CEO Nick Merski described this rapid deployment as a strategic advantage for clients needing timely geospatial intelligence.

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Rocket Lab has announced the launch window for its upcoming mission, A Data With Destiny, which opens on December 7, 2021. This mission will deploy two satellites for BlackSky as part of its expanding geospatial intelligence constellation. The launch marks Rocket Lab’s 23rd Electron mission and the sixth of 2021, with a quick turnaround of 19 days from its last launch. Rocket Lab's expansion and successful launches position it as a key player in the satellite deployment sector, aiming to reach a total of 12 satellites for BlackSky by year-end.

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BlackSky (NYSE: BKSY) launched two new satellites, achieving operational status in just six days post-launch on November 18. This marks the fastest dual-satellite commissioning in the company's history, enabling customers to access real-time geospatial data via the Spectra AI platform within 90 minutes. BlackSky aims to expand its constellation to 12 satellites by the end of 2021, enhancing its geospatial intelligence services and offering valuable insights to its clients.

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BlackSky (NYSE: BKSY) announced plans to expand its satellite constellation, adding two more satellites via a rideshare launch with SpaceX, bringing the total to ten. This expansion aims to enhance geospatial data capabilities and improve customer revisit rates. The company expects to achieve a twelve-satellite constellation by the end of 2021, which it believes will meet anticipated demand. BlackSky's Spectra AI platform will provide timely analytics for various sectors, including government and supply chain management.

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BlackSky (NYSE: BKSY) successfully launched new satellites that began delivering customer insights within 14 hours post-launch. This rapid deployment enhances the company's global monitoring capacity and aligns with its plans to double the satellite constellation by the end of the year. The satellites were operationalized for data collection and analysis almost immediately, utilizing Spectra AI for efficient processing. BlackSky aims to achieve an hourly revisit rate and establish a multi-spectral satellite network capable of monitoring critical locations every 30 minutes, enhancing real-time intelligence for clients.

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FAQ

What is the current stock price of BlackSky Technology (BKSY)?

The current stock price of BlackSky Technology (BKSY) is $11.03 as of November 22, 2024.

What is the market cap of BlackSky Technology (BKSY)?

The market cap of BlackSky Technology (BKSY) is approximately 352.4M.

What does BlackSky Technology Inc. do?

BlackSky Technology Inc. provides real-time geospatial intelligence through high-frequency satellite imagery, monitoring, and analytics.

When was BlackSky Technology Inc. founded?

BlackSky Technology Inc. was founded in 2013.

What are the recent achievements of BlackSky Technology Inc.?

Recent achievements include a 31.7% year-over-year revenue increase and securing $30.0 million in new contracts and renewals.

What is the Spectra AI software platform?

Spectra AI is a software platform that processes data from BlackSky's constellation and third-party sensors to generate actionable intelligence.

Who is the parent company of BlackSky Technology Inc.?

The parent company is Spaceflight Industries.

In which regions does BlackSky operate?

BlackSky operates in North America, the Middle East, Asia, and other regions.

What is the significance of BlackSky's 60-satellite constellation?

The 60-satellite constellation aims to capture high-quality imagery of over 95% of the Earth's populated areas, enabling real-time monitoring and decision-making.

What is the latest news about BlackSky Technology Inc.?

Stonegate Capital Partners has recently initiated coverage on BlackSky Technology Inc., noting significant revenue growth and new contracts.

What are the applications of BlackSky's geospatial intelligence services?

Applications include monitoring strategic locations, economic assets, and global events, aiding businesses, nonprofits, and governments.

Who founded Spaceflight Industries?

Spaceflight Industries was founded by Jason Andrews.

BlackSky Technology Inc.

NYSE:BKSY

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BKSY Stock Data

352.42M
27.53M
10.43%
54.16%
5.39%
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