LUNR and BKSY are both riding space-sector tailwinds, but one stock stands out on earnings trends, share gains and growth prospects.
BlackSky Hits $50: Is Tracking Satellites The Next Big Catalyst?
BKSY stock surges 143% YTD, secures up to $160M in wins and guides for 2026 revenue growth above 50% and 80% gross margin.
BlackSky Technology reported a disappointing Q1, with revenues down 29.5% year-over-year and EPS badly missing expectations. BKSY raised full-year midpoint revenue guidance to $140 million, implying 31% growth, but so far that optimism isn't reflected in results. The stock trades at 16x EV/Sales despite stagnant revenues, leaving valuation highly vulnerable if sector momentum fades or the company misses guidance.
BlackSky Technology NYSE: BKSY raised its 2026 revenue and adjusted EBITDA outlook after reporting first-quarter results that management said reflected accelerating demand for its Gen-3 satellite imagery and AI-enabled intelligence services.
BlackSky Technology Inc. (BKSY) Q1 2026 Earnings Call Transcript
Although the revenue and EPS for BlackSky Technology (BKSY) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
BlackSky Technology Inc. (BKSY) came out with a quarterly loss of $0.82 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to a loss of $0.42 per share a year ago.
BlackSky Technology is initiated with a Buy rating and an 18-month price target of $40, citing strong sovereign intelligence demand and Gen-3 constellation momentum. BKSY's $345 million backlog, 32% YoY growth, and over 50% international revenue highlight a robust pipeline and global adoption, especially in the Indo-Pacific. The sovereign intelligence model and rapid Gen-3 satellite deployment underpin the growth thesis, while the government franchise provides a durable revenue floor.
Elon Musk's SpaceX IPO, anticipated sometime this year, could be the biggest of all time based on a rumored valuation of $1.75 trillion—and savvy investors might want to start thinking about how other space stocks could be swept up for the ride. A number of companies in the burgeoning satellite industry may be primed for movement as the massive SpaceX event approaches, but more importantly, some of these firms have compelling investment theses all on their own.
BlackSky reported improved 4Q25 profitability, a 32% backlog increase to $345 million, and strong Gen-3-driven commercial traction, despite modest revenue growth. BKSY's investment case centers on scaling Gen-3 deployments, converting backlog into high-margin, recurring AI and imagery subscriptions, and achieving operating leverage. Valuation remains premium, with EV/sales at 8.6x forward, reflecting expectations for accelerated growth and margin expansion; execution risk is high if growth or capital discipline falters.
BlackSky Technology Inc (NYSE: BKSY) shares are on the rise Thursday. The company announced it has brought its fourth Gen‑3 satellite online in under a week.