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Why Did BlackSky Stock Drop Today?

Key Points BlackSky announced a $30 million defense contract today. BlackSky didn't say who the customer is, or how long the contract will last. BlackSky stock costs more than usual for an unprofitable space stock. 10 stocks we like better than BlackSky Technology › BlackSky Technology (NYSE: BKSY), which operates a constellation of Earth observation satellites (i.e., spy satellites) in orbit, tumbled 2.6% through 10:15 a.m. ET Tuesday. Crazily, though, the only news about BlackSky stock today is ...