BlackSky Technology Inc. (NYSE: BKSY ) Q2 '25 earnings are out this morning, and the numbers took everyone by surprise, including me. Revenue disappointed , down 11.5% year-over-year. On top of this, the company reducedI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one word, what ...