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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.

Overview

BlackSky Technology Inc (BKSY) stands as a distinctive provider of real-time geospatial intelligence, leveraging a robust low-earth orbit (LEO) satellite constellation to deliver high-frequency, cost-efficient imagery and data analytics. By integrating satellite imaging, remote sensing, and AI-powered analytics, BlackSky empowers organizations across various sectors—including businesses, governments, and nonprofits—to access near real-time views of critical global locations. The company employs its innovative Spectra AI platform to process raw imagery and sensor data, transforming it into actionable insights that drive informed decision-making.

Core Business and Technologies

At its core, BlackSky Technology Inc is involved in the design, ownership, and operation of one of the industry’s most agile LEO satellite constellations. This infrastructure is optimized for capturing imagery precisely when and where it is needed, making it invaluable for monitoring strategic locations, economic assets, and unfolding events. The integration with the Spectra AI platform enhances the raw data with sophisticated analytics and insights. This combination of advanced hardware and software not only improves scene understanding and object detection but also provides a scalable solution for customers seeking to enhance their situational awareness.

Operational Model and Market Position

BlackSky’s operational model is marked by its on-demand approach to imagery and analytics. Clients can easily order high-resolution images that are processed and delivered in near real-time, ensuring that stakeholders receive accurate and timely information. This model is bolstered by cost-efficient data capture and processing methods, allowing the company to offer competitive pricing without compromising on quality. Operating across North America, the Middle East, Asia, and beyond, BlackSky holds a strategic market position by effectively covering vast populated and economically significant regions. Its service portfolio is distinguished by the ability to monitor locations and events with unprecedented speed and precision.

Industry Context and Competitive Edge

The geospatial intelligence industry is characterized by rapid technological advancements, increasing demand for real-time data, and a need for high-accuracy remote sensing solutions. Within this context, BlackSky differentiates itself by owning a scalable satellite constellation and a proven AI analytics framework, setting it apart from competitors that rely on third-party sources or less agile technologies. The company’s approach to building end-to-end solutions—from image capture to actionable reports—demonstrates a deep understanding of the interplay between hardware, software, and operational efficiency in the space and remote sensing domains.

Significance in the Global Landscape

BlackSky Technology Inc plays an important role in the evolving landscape of geospatial data services. Its ability to provide timely, high-quality satellite imagery supports critical operations and strategic initiatives across multiple sectors. Whether it is for infrastructure monitoring, disaster management, or economic analysis, the company’s data solutions facilitate well-informed decision-making. As a subsidiary of Spaceflight Industries, BlackSky also benefits from an ecosystem that is geared towards the commercialization and expansion of space-based technologies, further reinforcing its industry stature.

Analytical Insights and Customer Value

From an analytical perspective, BlackSky’s fusion of LEO satellite technology with AI-driven analytics offers a robust value proposition. Clients benefit from a unified platform that captures, processes, and delivers detailed geospatial insights, reducing the need for multiple, fragmented data sources. This integration simplifies the process of obtaining critical visual intelligence and supports strategic planning across various sectors. The company’s emphasis on cost efficiency and high frequency data acquisition ensures that it meets the dynamic needs of an increasingly data-centric world.

Rhea-AI Summary
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 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 Technology Inc. (BKSY) to participate in three upcoming investor events in December
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BlackSky Technology Inc. (BKSY) reports a 26% increase in total revenue for Q3 2023, reaching $21.3 million. The company achieved nearly breakeven Adjusted EBITDA and saw a strong improvement in net income, with a net loss of $13.1 million in Q3 2022 turning into a net income of $0.7 million in Q3 2023. Revenue growth was driven by increased demand from U.S. and international government customers, and the company is on track to achieve positive Adjusted EBITDA in Q4 2023.
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BlackSky Technology Inc. (NYSE: BKSY) has experienced a 377% revenue growth from fiscal year 2019 to 2022, earning a spot on the Deloitte Technology Fast 500™ list. The company provides real-time space-based intelligence, delivering high-resolution images and analytics to organizations worldwide. BlackSky remains on track to achieve positive Adjusted EBITDA in Q4 2023.
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BlackSky Technology Inc. (NYSE: BKSY) will participate in three upcoming investor events in November: Deutsche Bank Global Space Summit, Bernstein 2nd Annual Industrials Forum, and UBS Industrials Summit.
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BlackSky Technology Inc. has won two contracts to provide real-time imagery and analytics services to a defense ministry customer. They will also conduct research on future multi-sensor space capabilities.
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BlackSky Technology Inc. to host conference call for Q3 2023 financial results and business outlook
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BlackSky Technology Inc. wins contract to build automated target recognition service for the U.S. Air Force
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BlackSky Technology Inc. (NYSE: BKSY) will participate in three upcoming investor events in September: Jefferies Industrials Conference, H.C. Wainwright 25th Annual Global Investment Conference, and Lake Street Capital Best Ideas Growth Conference.
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FAQ

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

The current stock price of Blacksky Technology (BKSY) is $6.63 as of April 21, 2025.

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

The market cap of Blacksky Technology (BKSY) is approximately 131.6M.

What does BlackSky Technology Inc specialize in?

BlackSky delivers real-time geospatial intelligence by operating its own LEO satellite constellation, providing on-demand imagery and analytical insights.

How does the company generate revenue?

The company’s revenue is generated through the sale of high-frequency satellite imagery and data analytics services, along with subscription-based access to its geospatial intelligence platform.

Who are the typical customers of BlackSky Technology Inc?

Its primary customers include businesses, government agencies, and nonprofits that require timely and detailed satellite imagery to inform their strategic decisions.

What role does AI play in BlackSky’s operations?

AI is central to BlackSky’s operations; the Spectra AI platform processes and analyzes data from its satellite constellation to transform raw imagery into actionable insights.

Which markets does BlackSky serve?

BlackSky operates in diverse regions including North America, the Middle East, Asia, and other global markets, ensuring wide-ranging and strategic geographic coverage.

How does BlackSky differentiate itself from its competitors?

By owning and operating its own LEO satellite constellation along with an integrated AI analytics platform, BlackSky offers a cost-efficient, real-time solution that stands out in the geospatial intelligence industry.
Blacksky Technology Inc

NYSE:BKSY

BKSY Rankings

BKSY Stock Data

131.60M
28.15M
10.73%
51.89%
8.03%
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