NASA Taps BlackSky for High-Revisit Satellite Imagery and AI Analytics

  • BlackSky Technology shares rise after securing a new NASA contract
  • NASA selects BlackSky for time-diverse satellite imaging data
  • Multiyear contract worth up to $476 million
  • Performance period through November 2028
  • BlackSky’s platform supports Earth observation research

BlackSky Technology’s shares surged after the company was awarded a contract by NASA to provide time-diverse, high-revisit satellite imaging data. The stock price increased by 10% to $6.85 per share in midmorning trade, despite a 38% decline over the past year. The Virginia-based firm’s multiyear agreement, with a potential value of $476 million, will run through November 2028 for selected contractors. BlackSky’s Spectra platform combines imagery and AI-enabled analytics from its constellation to enable automatic pattern-of-life monitoring and anomaly detection at scale. This data supports NASA’s Earth science research and applications aimed at improving life on the planet.

Factuality Level: 10
Factuality Justification: The article provides accurate information about BlackSky Technology being selected by NASA for a contract, the value of the contract, and how it will support NASA’s Earth science research.
Noise Level: 2
Noise Justification: The article provides relevant information about a company being selected by NASA for a significant contract and its potential impact on the stock price. It also explains the purpose of the contract and how it will aid in Earth observation research. The content is focused and informative without any unnecessary filler or misleading statements.
Public Companies: BlackSky Technology (BKSY)
Key People: Chris Wack (Author)

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Financial Relevance: Yes
Financial Markets Impacted: BlackSky Technology stock price
Financial Rating Justification: The article discusses the impact of a contract awarded to BlackSky Technology by NASA, which led to an increase in the company’s stock price. This is relevant to financial topics as it affects the value of the company’s shares and can potentially influence investors.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Deal Size: The deal size is 476000000.
Move Size: The market move size mentioned in this article is 10%.
Sector: Technology
Direction: Up
Magnitude: Medium
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com