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BlackSky Technology Inc (NYSE:BKSY) shares are surging over 10% this Thursday. The stock reached a new 52-week high of $37.32 during the session.
Investor enthusiasm stems from sector-wide tailwinds and recent multi-million dollar government awards.
The Nasdaq is up 0.37% while the S&P 500 has gained 0.13%.
• BlackSky Technology stock is showing exceptional strength. What’s fueling BKSY momentum?
Space Sector Consolidation Rumors
Space-related stocks are ripping higher following reports that Amazon.com Inc (NASDAQ:AMZN) may explore an acquisition of Globalstar, Inc. (NYSE:GSAT). …
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