BlackSky Secures Four New Rocket Lab Launches, Q4 EPS Beats, Sales Miss
BlackSky secured four additional dedicated Electron launches from Rocket Lab to expand its AI-powered Gen-3 satellite constellation, bringing total planned missions since 2019 to 17. The company reported a Q4 loss of $0.02 per share beating the $0.21 expectation while revenue fell short at $35.2 million versus the $37.1 million consensus.
1. Partnership Expansion with Rocket Lab
On Thursday, BlackSky signed an agreement with Rocket Lab to secure four additional dedicated Electron launches aimed at expanding its AI-powered Gen-3 satellite constellation, bringing its total reserved missions since 2019 to 17.
2. Q4 Earnings Performance
In the fourth quarter, the company reported a loss of $0.02 per share, outperforming the $0.21 consensus loss, while generating $35.214 million in revenue, below the $37.056 million forecast; it forecasts FY26 sales of $120 million to $145 million versus the $141.759 million consensus.
3. Stock Technical Indicators
Shares declined to trade 17.8% below the 20-day simple moving average of $21.57 and 21.2% below the 50-day SMA of $22.51, with the RSI at 43.02 and the MACD at -0.9485, suggesting persistent bearish momentum; the stock underperformed the Communication Services sector’s daily gain of $0.46.
4. Analyst Ratings and Peer Comparison
BlackSky carries a consensus buy rating with an average price target of $24.80, including a high target of $42, while its 12-month gain of 22.8% trails the sector peer average of 32.46%, underscoring a performance gap.