Here’s why this UFO stock may be the play of the century
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By October 9, 2024, it appears that there is a new and often overlooked industry poised to generate trillion-dollar companies: space object tracking. The matter has been growing in relevance in recent years as the North American continent has been dealing with a string of unidentified flying objects (UFOs), with the most publicized event being a cylindrical flier shot down over Canada’s Yukon in early 2023. The recent publication of the images of the object – likely a Chinese spy or weather balloon – has reignited the discussion surrounding such UFOs and brought to surface one firm that has been proactive in tracking such ‘targets.’ Indeed, BlackSky Technology (NYSE: BKSY) won a multi-million dollar contract with the U.S. Department of Defense in March 2024, specifically to aid in a ‘moving target study.’ Why BlackSky stock is likely to benefit from the military BlackSky, otherwise primarily involved with geospatial intelligence, is also positioning itself as the leading company for tracking moving objects in space. These activities are likely to only grow in importance in the coming years. To begin with, there are clear national security use cases – not only is there an untold number of spy satellites in Earth’s orbit, but there has been a persistent rumor that the long-standing agreements against weaponizing space are on increasingly shaky ground. The primary concerns in this regard are the dangers of placing nuclear weapons or the equally destructive mass drivers outside of the planet’s atmosphere, and detecting construction efforts early would be invaluable both nationally and internationally. Why BlackSky stock is likely to benefit from civilian matters However, the potential impact of BlackSky and other similar companies would extend far beyond military matters. Scientists have been worried for a long time about the dangers of the Kessler Syndrome. In a nutshell, though…
Filed under: News - @ October 9, 2024 10:25 am