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Why BlackSky Technology Inc. (BKSY) Is Skyrocketing So Far in 2025

We recently compiled a list of the Why These 15 Hardware Stocks Are Skyrocketing So Far in 2025. In this article, we are going to take a look at where BlackSky Technology Inc. (NYSE:BKSY) stands against the other hardware stocks.

The hardware industry is one of the most promising industries you can invest in right now, and there is a good chance that many companies in this sector are going to deliver triple-digit gains this year. You can thank AI for that since it requires significant amounts of hardware and various types of electrical and industrial equipment.

Of course, the hardware industry is beyond just AI-related stocks. PC sales are forecasted to grow by 4% to 273 million units, while smartphone shipments are anticipated to reach 1.24 billion units. Robotics and the semiconductor sector are likely going to grow at double digits annually this decade on top of that.

Methodology

For this article, I screened the top-performing hardware stocks year-to-date. Stocks that I have covered recently will be excluded from this list.

I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).

A satellite in mid-flight with its solar panels capturing the sun’s rays.

BlackSky Technology Inc. (NYSE:BKSY)

Number of Hedge Fund Holders In Q3 2024: 7

BlackSky Technology Inc. (NYSE:BKSY) is a geospatial intelligence company. It uses satellites and analytics.

The stock is up significantly so far in 2025 due to BlackSky Technology Inc. (NYSE:BKSY) announcing eight-figure multi-year contracts to accelerate India’s Earth observation.

It also shipped its first Gen-3 satellite (35 cm resolution) to Rocket Lab for a February 2025 launch and secured a seven-year, $100 million+ contract with an international defense partner for Gen-2 and Gen-3 services, alongside a $200 million Luno B contract from the National Geospatial-Intelligence Agency.

Plus, the U.S. government extended its Electro-Optical Commercial Layer (EOCL) contract with the National Reconnaissance Office through mid-2026.

The consensus price target of $19.2 implies 9.25% upside.

BlackSky Technology Inc. (NYSE:BKSY) stock is up 64.6% year-to-date.

Overall BKSY ranks 3rd on our list of the hardware stocks that are skyrocketing so far in 2025. While we acknowledge the potential of BKSY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BKSY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Why These 15 Automotive Stocks Are Skyrocketing So Far In 2025 and Why These 15 Large Tech Stocks Are Skyrocketing So Far in 2025

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

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