Prediction: 2 Stocks That Will Be Worth More Than BigBear.ai 2 Years From Now
BlackSky and Jumia could have more upside potential than the struggling AI underdog.
BigBear.ai (NYSE: BBAI), a developer of artificial intelligence (AI) modules for edge networks, has seen its stock decline nearly 70% since it went public by merging with a special purpose acquisition company (SPAC) on Dec. 8, 2021. Like many other SPAC-backed start-ups, BigBear.ai set some ambitious growth targets but missed them by a mile.
Prior to going public, BigBear.ai claimed it could grow its annual revenue from $182 million in 2021 to $550 million in 2024. But in reality, its revenue only rose from $146 million in 2021 to $158 million in 2024 as it struggled with macroeconomic headwinds, intense competition, and the bankruptcy of its major customer Virgin Orbit in 2023.
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