With 13 hedge funds having stakes in the company, BlackSky Technology Inc. (NYSE:BKSY) is among the 9 Best Space Stocks to Buy According to Reddit and Social Media.
On May 12, BlackSky Technology Inc. (NYSE:BKSY) was awarded a seven-figure subscription contract from a new government customer for advanced Gen-2 mission applications
The initial one-year contract expands customer access to Gen-2 constellation capacity and enhances mission capabilities. CEO Brian O’Toole stated that BlackSky’s Gen-2 constellation continues to provide significant operational value through high-cadence, rapid-revisit high-resolution imagery combined with AI-enabled analytics. He added that the agreement creates additional opportunities to extend Gen-2 utilization while supporting mission-critical innovation needs.
O’Toole also emphasized that as BlackSky integrates additional Gen-3 satellites into its dual-constellation framework, the Gen-2 network remains foundational to the company’s real-time intelligence and Earth monitoring capabilities. On May 8, Lake Street Capital Markets raised the firm’s price target on BlackSky Technology Inc. (NYSE:BKSY) to $36 from $26 while maintaining a Buy rating. Although quarterly results came below expectations, the firm attributed the weakness primarily to timing and order variability, highlighting instead the significance of BlackSky securing up to $160 million in new contract wins and strong momentum surrounding its Gen-3 services.