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why is blacksky stock dropping

by Emile Ratke Published 3 years ago Updated 2 years ago
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Full Answer

What's happening with BlackSky stock?

Rival space operators Planet Labs and Maxar Technologies also won awards, but BlackSky's contract alone was reported to be worth $1 billion over 10 years. Yet on Friday, BlackSky stock was down by 9.9% as of 1:50 p.m. ET -- and over the past three days of trading, the stock has dropped by more than 20% from its recent high.

What is BlackSky and how does it work?

BlackSky offers what it describes as “the highest dawn-to-dusk revisit rates” over many of the “most critical regions” in the world. It does this via a 14-satellite constellation.

What is BlackSky Holdings Inc?

BlackSky Holdings Inc. is a provider of real-time geospatial intelligence and global monitoring services. BlackSky Holdings Inc., formerly known as Osprey Technology Acquisition Corp., is based in United States.

What's going on with BlackSky's constellation growth?

HERNDON, Va., November 19, 2021--BlackSky’s (NYSE: BKSY) latest satellites reached orbit and delivered first insights within 14 hours of launch. The company’s constellation growth signals a return to space and an increased capacity for global customers.

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Is Blacksky technology a good investment?

Is BLACKSKY TECHNOLOGY Stock a good buy in 2022, according to Wall Street analysts? The consensus among 1 Wall Street analyst covering (NYSE: BKSY) stock is to Strong Buy BKSY stock.

How do I buy Blacksky stock?

How to buy shares in Blacksky TechnologyCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.

Is BlackSky publicly traded?

As a private venture, BlackSky made a name for itself providing satellite imagery and data analysis primarily for military and government customers. But now that it's an independent, publicly traded company, the satellite subsidiary that got its start in Seattle is setting its sights higher.

Is Spire Global publicly traded?

Satellite company Spire begins trading on the NYSE after completing SPAC merger. Small satellite builder and data specialist Spire Global began trading on the New York Stock Exchange on Tuesday, becoming the latest space company to close a SPAC merger and go public.

Is Planet Labs a publicly traded company?

Satellite imagery and geospatial data provider Planet Labs began trading on the New York Stock Exchange Wednesday after completion of its merger with special purpose acquisition company dMY Technology Group and registered the combined entity as a public benefit corporation.

Is Rocket Lab a public company?

Founder and CEO Peter Beck rang the Nasdaq opening bell Wednesday morning (Aug. 25). Rocket Lab is the latest space company to go public.

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