$BKSY thread:
Blacksky is a real-time geospatial intelligence provider and leverages Palantir to generate insights for its customers so they can stay up to date with what's happening anywhere around the world
Blacksky is a real-time geospatial intelligence provider and leverages Palantir to generate insights for its customers so they can stay up to date with what's happening anywhere around the world
https://twitter.com/SimonSaysStocks/status/1427823471019667460?s=20
Blacksky sends small satellites to space to establish its satellite network. The more satellites, the faster the revisit rate.
Currently, Blacksky has 14 satellites in space, with plans to get to 30 satellites by the end of 2022.
👉30 minute revisit by the end of 2022
Currently, Blacksky has 14 satellites in space, with plans to get to 30 satellites by the end of 2022.
👉30 minute revisit by the end of 2022
$BKSY has steadily invested in its satellite network since its inception.
Now Blacksky's solutions are ready to be deployed and it's investing in customer acquisition through partnering with more resellers and focusing on selling direct to clients
Now Blacksky's solutions are ready to be deployed and it's investing in customer acquisition through partnering with more resellers and focusing on selling direct to clients
Blacksky is using a similar approach to $PLTR as its depending on government contracts to fuel its growth in the commercial sector
90% of Blacsksky's revenue for 2021 will come from the government, but management expects this to decrease to ~50% by the end of 2022.
90% of Blacsksky's revenue for 2021 will come from the government, but management expects this to decrease to ~50% by the end of 2022.
Blacksky has a $40B TAM with ~$30B coming from the commercial sector
BlackSky is expected to see GP margin improvement from 20% this year to 80% by '25. This indicates that Palantir will be crucial to enabling BlackSky's core business as Blackkky plans to scale with high margins
BlackSky is expected to see GP margin improvement from 20% this year to 80% by '25. This indicates that Palantir will be crucial to enabling BlackSky's core business as Blackkky plans to scale with high margins
What's better for $PLTR is that Foundry continues to be deployed for more unique commercial use cases.
Blacksky benefits from Palantir's advanced AI and the technologies it's already working with, specifically within the government sector.
Blacksky benefits from Palantir's advanced AI and the technologies it's already working with, specifically within the government sector.
https://twitter.com/SimonSaysStocks/status/1450457741282226186?s=20
Based on our Model, Blacksky is worth ~$15 today
If Blacsksky can land more commercial contracts and deploy a similar "land and expand" model as Palantir, then its stock is trading at a discount. $BKSY is an intriguing risk = return bet if you really believe in Foundry
If Blacsksky can land more commercial contracts and deploy a similar "land and expand" model as Palantir, then its stock is trading at a discount. $BKSY is an intriguing risk = return bet if you really believe in Foundry
Blacksky only expects to generate $40 million in 2021 and plans to grow revenues above 90% annually through 2025, while aggressively spending on Sales
Check out my recent note covering Blacksky's plans for accelerated growth, how they leverage Palantir, and the risks associated with investing in $BKSY
BlackSky: A SaaS Play In Space seekingalpha.com/article/446193…
BlackSky: A SaaS Play In Space seekingalpha.com/article/446193…
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