Blacksky Technology Inc. is trading 7% higher at $34.00, continuing its upward momentum this week.
- The rally follows the company's announcement on June 9 that it received a contract modification from the U.S. National Reconnaissance Office (NRO) to accelerate the development of its AROS satellites. [11, 12, 16]
- This company-specific strength comes despite broader market pressure on technology stocks, highlighting investor optimism about the new government contract. [6, 9]
- The stock has been volatile recently, but the NRO contract appears to have provided a significant positive catalyst for the shares.