BlackSky Technology Inc. - BKSY STOCK NEWS

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.

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.

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.

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.

Rocket Lab (RKLB) successfully deployed two BlackSky (BKSY) satellites into orbit during the 'Love At First Insight' mission on November 18, 2021. This marked the Electron rocket's 22nd launch from New Zealand's Mahia Peninsula, bringing Rocket Lab's total satellite deployments to 107. The mission also demonstrated new helicopter operations for tracking the rocket's first stage during its recovery. This achievement advances Rocket Lab's goal of making Electron the first reusable small rocket, enhancing its competitive edge in the satellite launch market.

BlackSky Technology reported a 49% increase in 3Q 2021 revenue to $7.9 million, with a net loss of $46.9 million, or $0.67 per share. Year-to-date revenue rose over 53% to $22.6 million, but operating losses expanded to $88.2 million. The company announced significant contract awards from NASA and NGA, along with a strategic partnership with Palantir Technologies (PLTR). However, BlackSky revised its 2021 revenue forecast to $30-$34 million due to supply chain delays. The firm maintains a cash balance of $198 million.

BlackSky (NYSE: BKSY) has secured a five-year, sole-source blanket purchase agreement with NASA to provide high revisit satellite imaging data. This partnership aims to enhance Earth's observation research, supporting projects in ecological, oceanographic, and geographic studies. CEO Brian E. O’Toole emphasized the alignment of government demand with BlackSky’s global intelligence products. The agreement is part of NASA's Commercial Smallsat Data Acquisition Program, granting researchers access to advanced imaging capabilities that promote actionable scientific insights.

BlackSky (NYSE: BKSY) has appointed Amy Minnick as Chief Commercial Officer to enhance its commercial strategy and expand its global reach. With over 20 years of experience, she aims to leverage AI-driven geospatial intelligence to meet growing market demands. CEO Brian E. O’Toole highlighted Minnick's expertise in driving significant growth initiatives. Before joining BlackSky, she held notable roles, including Chief Business Officer at Cape Analytics. This leadership change is expected to strengthen BlackSky's position in real-time global intelligence.

BlackSky (NYSE: BKSY) will release its third quarter 2021 financial results on November 12th, 2021, before market open. A conference call is scheduled for 8:30 a.m. ET the same day to discuss results and outlook. The call can be accessed at 1-877-407-0789 (domestic) or 1-201-689-8562 (international) with passcode 13724854, and also via a live webcast. A replay will be available after the call at specified numbers and online. BlackSky provides real-time geospatial intelligence and operates its own satellite constellation for global monitoring.