BlackSky Technology Stock Falls 5% Following Gen-3 Satellite Launch Update

(RTTNews) - BlackSky Technology Inc. (BKSY) shares dropped 5.5 percent to $10.75, down $0.63 on Thursday, after the company announced the scheduled launch window for its second Gen-3 satellite in partnership with Rocket Lab.

The stock traded between $9.88 and $11.17 during the session, with volume reaching 1.4 million shares, above the average of 1.1 million on the New York Stock Exchange. It opened at $10.81, down from a previous close of $11.38. BKSY shares have traded between $3.86 and $21.92 over the past 52 weeks.

The launch, dubbed "Full Stream Ahead," is set to open May 27 and aims to enhance BlackSky's high-resolution imaging and AI-enabled analytics capabilities. BlackSky's Gen-3 satellites will provide 35-centimeter imaging and are designed to boost revisit rates and intelligence quality for defense and intelligence clients.