Why BlackSky Technology Stock Was Vaulting Skyward Last Week
Over the last few trading days, the shares of BlackSky Technology (NYSE: BKSY) were soaring toward the satellites the next-generation defense company uses to provide data to clients. The company's stock price rose 30% from market close June 13 to market close June 20, helped by news that it is expanding and strengthening its satellite network. On Tuesday morning, BlackSky took the wraps off its plans to expand its existing satellite constellation. It said it is doing so with a set of multispectral, large-area collection satellites that will beef up the capabilities of the company's network as a whole. The new satellites have collectively been named Aros. Image source: Getty Images.Continue reading
Over the last few trading days, the shares of BlackSky Technology (NYSE: BKSY) were soaring toward the satellites the next-generation defense company uses to provide data to clients. The company's stock price rose 30% from market close June 13 to market close June 20, helped by news that it is expanding and strengthening its satellite network.
On Tuesday morning, BlackSky took the wraps off its plans to expand its existing satellite constellation. It said it is doing so with a set of multispectral, large-area collection satellites that will beef up the capabilities of the company's network as a whole. The new satellites have collectively been named Aros.
Image source: Getty Images.
