BlackSky Rises 54% This Month, Dips 2% After Sidus Space Offering
BKSY•BlackSky shares climbed 54% this month on SpaceX IPO optimism, outperforming sector peers with its AI-driven Earth-imaging services. In overnight trading the stock dipped 2% following Sidus Space’s $100 million at-the-market offering priced at $5.08 per share.
1. Sector Rally Propels BlackSky
Renewed optimism around a potential SpaceX IPO targeting a nearly $2 trillion valuation ignited a broad rally in smaller space equities. BlackSky shares surged 54% month-to-date, outpacing Rocket Lab’s 83% and AST SpaceMobile’s 68% gains, driven by its AI-focused satellite imaging and orbital data services.
2. Overnight Trading Dip
In late trading, BlackSky stock eased 2% after Sidus Space priced a $100 million at-the-market offering. The issuance of 19.7 million shares at $5.08 each under Nasdaq rules prompted profit-taking and a pullback across the sector.
3. SpaceX IPO Impact
Investors view SpaceX’s impending listing as a catalyst for indirect beneficiaries, anticipating passive inflows if mega-cap inclusion rules accelerate benchmark entry. While BlackSky stands to gain from heightened interest in orbital infrastructure, its valuation may face volatility linked to broader market sentiment and peer funding events.
