BlackSky Hits Year High, Plans $250M Share Sale
BlackSky Technology set up a $250 million at-the-market equity program after its shares surged 24% in a week, closing Friday at $47.87 near a 52-week high. The company’s market value stood at $1.78 billion, with after-hours trading sending shares down 2.9%. BlackSky recently raised its 2026 revenue outlook and reported new Gen-3 satellite operations. U.S. markets reopen Tuesday after Memorial Day.