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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.

News

BlackSky to Host First Quarter 2024 Results Conference Call

Rhea-AI Summary
BlackSky Technology Inc. (BKSY) will host a conference call on May 8, 2024, to discuss its first quarter financial results and business outlook. The live webcast and archived webcast link will be available on the investor relations website. Participants can access the call by dialing the provided numbers with the conference ID. A replay will also be available for a time.
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BlackSky Wins Competitive $24 Million Air Force Research Laboratory Contract for Global Moving Target Engagement

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BlackSky Technology Inc. (BKSY) secures a $24 million contract from the Air Force Research Laboratory to develop moving target engagement services using AI and machine learning. The company aims to demonstrate information fusion in a hybrid setting using multiple government ISR and commercial data sources.
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BlackSky Spectra® Nominated for Via Satellite’s 2023 Satellite Technology of the Year Award

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BlackSky Technology Inc. (BKSY) has been nominated for Via Satellite’s 2023 Satellite Technology of the Year Award for its innovative platform, Spectra, offering real-time intelligence with rapid tasking and AI-driven analytics. Spectra provides dynamic full-spectrum monitoring from space, delivering insights and analytics at scale. BlackSky's satellites ensure low-latency tasking and fast collection-to-delivery timelines of under 90 minutes, with hourly revisit rates up to 15 times per day.
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BlackSky Wins Multi-Million Dollar Contract in Support of U.S. Department of Defense Moving Target Study

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BlackSky (BKSY) secures a multi-million dollar contract with the U.S. Department of Defense to provide annotated burst images for training moving target artificial intelligence models, aiming to enhance analytic accuracy and decrease development time.
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BlackSky Reports Fourth Quarter and Full Year 2023 Results

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BlackSky Technology Inc. reported an 83% increase in Q4 revenue and a 45% increase in full-year revenue compared to the previous year. The company secured over $265 million in new contracts in 2023 and achieved a positive Adjusted EBITDA of $9.3 million in Q4. BlackSky's success was driven by growing global demand for its space-based intelligence solutions and recent contract wins with the Indonesian Ministry of Defense and U.S. government agencies.
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BlackSky Wins Approximately $50 Million in Multi-Year Contracts for Gen-3 Capabilities and Services to Accelerate Sovereign Space Capabilities for Indonesian Ministry of Defense

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BlackSky Technology Inc. (BKSY) has won a groundbreaking contract with Thales Alenia Space to deliver Gen-3 Earth observation satellites, ground station capabilities, and flight operations support to the Ministry of Defense of Indonesia. The multi-year contracts have a combined value of approximately $50 million dollars. BlackSky's advanced capabilities and AI automation will provide high-cadence, time-diverse images to support the Indonesian MoD. The company's subscription-based services will offer early intelligence, surveillance, and reconnaissance capabilities for satellite capability for the MoD until the Indonesian Defense Satellite System becomes operational.
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BlackSky to Host Fourth Quarter and Full Year 2023 Results Conference Call

Rhea-AI Summary
BlackSky Technology Inc. (BKSY) will host a conference call to discuss fourth quarter and full year 2023 financial results and its business outlook on February 28, 2024. The press release with financial results will be released on the same day, and participants can access the live webcast or archived webcast on the company's investor relations website. Participants can also access the conference call and replay using the provided phone numbers and access codes.
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IARPA Selects BlackSky Spectra® Software Platform as Leading Space-Based AI Approach for Bringing Speed and Scalability to Broad Area Search Mission

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BlackSky Technology Inc. (NYSE: BKSY) has won a contract from IARPA to move into the final phase of the SMART program, emphasizing the transfer of broad area search technologies into other U.S. government programs. The company's AI tools now analyze over 20% of the Earth's surface every month, generating value for other U.S. government search and discovery efforts. BlackSky's AI tools have detected and classified over two million change observations with high accuracy over 120 thousand distinct sites.
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BlackSky Wins Initial Task Order Exceeding $1 Million Against New Multi-Year Contract to Deliver Space-based Intelligence Capabilities to Indonesian Ministry of Defense

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BlackSky Technology Inc. (BKSY) secures multi-year, $1 million+ contract from PT Len to provide real-time, high-frequency imagery and analytics services for the Ministry of Defense of the Republic of Indonesia. The Assured access program guarantees capacity to high-frequency, dawn-to-dusk imagery and AI-driven analytics over a dedicated area of interest, with immediate access and highest priority tasking requests for customers.
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BlackSky to Participate at Three Upcoming Investor Conferences

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BlackSky Technology Inc. (BKSY) to participate in three upcoming investor events in December
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FAQ

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

The current stock price of BlackSky Technology (BKSY) is $14.02 as of January 28, 2025.

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

The market cap of BlackSky Technology (BKSY) is approximately 480.3M.

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.
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BlackSky Technology Inc.

NYSE:BKSY

BKSY Rankings

#3154 Ranked by Market Cap
N/A Ranked by Dividends

BKSY Stock Data

480.31M
27.55M
10.37%
55.52%
7.55%
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