A satellite imagery provider, BlackSky Technology Inc. (BKSY), saw a 25% surge in its stock on January 24, 2025, closing at $14.96. Over the past year, the stock has climbed an impressive 1,033%. This rise is driven by the company’s partnership with Rocket Lab USA (RKLB) and the shipment of its first Gen-3 satellite to Rocket Lab. With the Gen-3 satellite launch nearing, the company seems poised for more success in 2025.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
BlackSky Technology provides geospatial data and analytics services, combining satellite imagery with artificial intelligence (AI) for real-time monitoring. For a thorough assessment of the stock, go to TipRanks’ Stock Analysis page.
RKLB Deal to Boost Satellite Launches
In August 2023, BlackSky and Rocket Lab formed a partnership for a series of five Electron rocket launches, aimed at deploying BlackSky’s next-generation Gen-3 satellites into low Earth orbit. As part of this collaboration, the company has recently announced the shipment of its first Gen-3 satellite to Rocket Lab, with the launch set for February 2025.
The Gen-3 will provide high-resolution imagery and AI-enabled analytics, capable of capturing details with precision up to 35 centimeters.
The partnership with Rocket Lab speeds up BlackSky’s satellite deployment and boosts its position in the competitive geospatial intelligence market.
Space Industry Gains Momentum
The rise in BlackSky’s stock also followed a boost in space-related stocks after President Trump’s recent inauguration speech on January 21, 2025. In his address, the president outlined plans to expand space exploration, including future Mars missions. He said, “We will pursue our manifest destiny into the stars, launching American astronauts to plant the stars and stripes on planet Mars.”
This renewed governmental focus on space initiatives has positively influenced investor sentiment across the sector.
Is BKSY Stock a Good Buy?
Turning to Wall Street, BlackSky has a Strong Buy consensus rating based on unanimous six Buys assigned in the last three months. At $13.20, the average BKSY price target implies an 11.76% downside potential.
