Jim Cramer Notes BlackSky Technology "Stock's Up a Great Deal"

BlackSky Technology Inc. (NYSE:BKSY) is one of the 12 stocks on Jim Cramer’s radar recently. Answering a caller’s query about the company, Cramer said:

“Yeah… Now, this is a very hard, look, they do this real-time spatial… I think it’s a competitive space. I’m not sure I want to be in it, especially because the stock’s up a great deal.”

BlackSky Technology (NYSE:BKSY) provides geospatial intelligence and data analytics through a combination of satellite operations, software platforms, and sensor integration. The company’s services support object and anomaly detection, site monitoring, and pattern-of-life analysis across strategic and infrastructure-related locations. As per a June 24 press release, the company secured a delivery order exceeding $24 million over four years from the National Geospatial-Intelligence Agency (NGA) under the Luno A Facility Operational Monitoring (FOMO) program.

The order includes an initial base and surge option award totaling $2 million. BlackSky Technology (NYSE:BKSY) will provide AI-enabled object and pattern-of-life change detection to track trends and anomalies in global military and economic facility activity. Monitoring will cover vehicles, aircraft, vessels, railcars, and ground equipment at locations such as ports, airfields, military bases, and railways. The company currently monitors more than 30 million square kilometers of Earth’s surface for the NGA. In October 2024, the NGA awarded the company a five-year, multi-award, indefinite-delivery, indefinite-quantity contract under Luno A, valued at up to $290 million.

While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.