BlackSky Shares Fall 11% After Q4 Loss Hits $0.02, Sales Shortfall and Rocket Lab Deal
BlackSky agreed to four additional Rocket Lab Electron launches to expand its AI-powered Gen-3 satellite constellation. Shares slid 11% to $17.79 on Friday after reporting a $0.02 per share loss (est. $0.21) and $35.2 million revenue (est. $37.1 million), dipping below its 20- and 50-day SMAs.
1. Rocket Lab Partnership
BlackSky secured four dedicated Electron launches from Rocket Lab USA to accelerate deployment of its AI-powered Gen-3 Earth observation satellites, solidifying their collaboration on constellation expansion.
2. Quarterly Results and Guidance
In the latest quarter BlackSky reported a $0.02 per share loss versus a $0.21 consensus loss and generated $35.214 million in revenue against $37.056 million estimates, while projecting full-year sales of $120 million–$145 million compared to a $141.759 million estimate.
3. Stock Decline and Technical Signals
Shares dropped 11% to $17.79, trading 17.8% below the 20-day moving average of $21.57 and 21.2% below the 50-day average of $22.51; its RSI of 43.02 and a negative MACD indicate bearish momentum.
4. Sector Comparison and Analyst Outlook
Despite a 22.8% year-over-year gain, BlackSky trails its communication services peers’ 32.46% growth; analysts maintain a buy rating with an average price target of $24.80, citing strong momentum metrics.