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Blacksky Technology Inc

BlackSky Technology Inc. operates as a space-based technology company in the United States and internationally. The company offers space-based intelligence and artificial intelligence (AI) services, mission solutions, and advanced technology programs consisting of cloud computing and hosting services, direct materials to build and test specific components, and internal labor for service solutions that enhance customer adoption and operational integration of the company's technology. It also provides BlackSky Spectra, an AI-enabled software platform that processes a range of observations by integrating data from the company's proprietary satellite constellation and from other third-party sensors, such as synthetic aperture radar and radio frequency satellites, GPS-enabled terrestrial data sources, and Internet of Things-connected devices. In addition, the company offers a range of services related to object, change and anomaly detection, site monitoring, and enhanced analytics, which help detect key pattern of life changes in critical locations, including ports, airports, and construction sites; retail activity; commodities stockpiles; and other sites that contain critical commodities and supply chain inventory. Further, it develops and delivers customized advanced satellites and payload systems. The company's products and services are used in national security, supply chain resilience, economic intelligence, and other critical decision-making requirements. It serves the United States federal government and its agencies; international governments, agencies, and organizations; and the commercial and industrial infrastructure markets, including energy and utilities, insurance, commodities, mining, manufacturing, logistics, supply chain management, agriculture, environmental monitoring, disaster and risk management, engineering and construction, retail, and consumer behavior. BlackSky Technology Inc. was founded in 2014 and is headquartered in Herndon, Virginia.

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Space Economy▲2

Planet Labs and BlackSky emerge as AI-powered space stocks to watch

Planet Labs and BlackSky Technology are gaining attention as artificial-intelligence-driven space stocks with established track records, offering alternatives to the highly valued SpaceX. Planet Labs operates about 200 Earth-imaging satellites and reported fiscal 2027 first-quarter revenue of $94 million, up 42% year-over-year, with an adjusted EBITDA loss of $1 million and a backlog that grew 72% to more than $906 million. The company has integrated Anthropic’s Claude AI into its platform to help non-expert users query satellite data. BlackSky uses its Spectra platform to automatically detect and classify vessels, vehicles, and aircraft in under 90 minutes, and recently won a series of U.S. government contracts for AI-enabled battle damage analytics, adding to a $160 million contract haul in the first quarter and a total potential contract value of up to $2.7 billion. Both stocks have risen more than 40% this year.
BKSY ▲PL ▲
Space Economy ▲Artificial Intelligence
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Space Economy▲

Seeking Alpha analysts name top space stock picks

Seeking Alpha analysts Daniel Jones and Petri Dish Reports shared their views on the best space stock plays. Daniel Jones favors Iridium Communications among satellite prospects, but picks Amazon as his top space-oriented company, citing its acquisition of Globalstar at $90 per share and plans for a next-generation direct-to-device satellite system starting in 2028 that could tap a $1.61 trillion broadband and mobile services opportunity. Petri Dish Reports recommends diversifying across space niches, highlighting Earth observation and space surveillance with Planet Labs and BlackSky, launch and satellite services with Rocket Lab, defense-adjacent hypersonics and propulsion with Kratos Defense & Security Solutions, and space infrastructure with Intuitive Machines.
AMZN ▲GSAT ▲BKSY ▲IRDM ▲KTOS ▲LUNR ▲+2
Space Economy ▲
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Space Economy▼

Planet Labs Posts Record Revenue and $906M Backlog as SpaceX Hype Fades

Planet Labs reported record first-quarter fiscal 2027 revenue of $94.15 million, up 42% year-over-year, with a GAAP gross margin of 54% and a non-GAAP gross margin of 56%. The company’s backlog exceeded $906 million, a 72% increase, and remaining performance obligations reached $816.01 million, up 81%, driven by contracts including a €240 million German government deal and Sweden’s first sovereign reconnaissance satellite. Planet Labs delivered its first full year of profitability in fiscal 2026 with $52.87 million in free cash flow and $15.49 million in adjusted EBITDA, and it guided for fiscal 2027 revenue between $425 million and $441 million with continued adjusted EBITDA profit. In contrast, competitor BlackSky posted a 29.7% revenue decline to $20.77 million and negative operating cash flow of $2.36 million in its first quarter of 2026.
PL ▲BKSY ▼
Space Economy ▲
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Defense & Geopolitical Fragmentation▲

3 Best Space Stocks to Buy Now

Rocket Lab, BlackSky, and Kratos compete in different layers of the space-security ecosystem. The bullish thesis centers on a powerful shift in defense spending toward resilient satellite networks, real-time intelligence, and launch capacity. The key question is which stock offers the best mix of upside and long-term strategic relevance. Stock prices used were the market prices of June 17, 2026. The video was published on June 26, 2026.
BKSY ▲KTOS ▲RKLB ▲
Defense & Geopolitical Fragmentation ▲Space Economy ▲
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Space Economy▼

Jefferies Downgrades BlackSky Technology to Hold

Jefferies downgraded BlackSky Technology to Hold from Buy on June 1, setting a price target of $50 with shares up 159% year-to-date. The firm stated that although general excitement around space has driven the stock price move, it views the event as unrelated to the company's core market and sees limited upside from here. Separately, BlackSky announced on May 28 that it was awarded a seven-figure, multi-year contract renewal to accelerate automation of future non-Earth imagery services, expanding the program's scope toward next-generation imaging payload and specialized mission-planning software for space domain awareness operations.
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Space Economy
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Planet Labs Stock Falls Over 40% From All-Time High Amid Investor Rotation to SpaceX IPO

Shares of Planet Labs have fallen over 40% this past month, dropping from an all-time high of about $51 in May to around $28. The decline is largely driven by space-focused investors rotating capital out of existing satellite and data companies and into SpaceX ahead of its initial public offering. Planet Labs also reported a net loss of $138.9 million in its first quarter of fiscal 2027, though $106.5 million of that was a one-time noncash accounting adjustment tied to warrant liabilities. Revenue rose 42% year over year to $94.2 million, and the company's backlog grew 72% to $906 million. The company ended the quarter with $730.8 million in cash, cash equivalents, and short-term investments, and its Defense and Intelligence segment revenue grew more than 65% year over year, supported by a $21.9 million contract extension with the U.S. National Geospatial-Intelligence Agency.
PL ▼SPCX ▲BKSY ▼
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BKSY▲

BlackSky CEO Brian O'Toole Sold 15,512 Shares for Tax Withholding, Retains Over 1.1 Million Shares

BlackSky Technology CEO Brian O'Toole sold 15,512 shares on June 10, 2026, in a transaction valued at approximately $529,000, according to an SEC filing. The sale, executed at $34.10 per share, represented 1.3% of his direct holdings and was made to cover tax withholding obligations related to the vesting of restricted stock units. Following the transaction, O'Toole directly owns 1,139,676 shares, maintaining a substantial equity stake in the company. BlackSky recently raised its full-year 2026 revenue outlook to between $130 million and $150 million, driven by new government contracts and demand for its geospatial intelligence and AI offerings.
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