BlackSky's "bad" news is actually good news.Timing, they say, is everything.Ten days ago, spy satellite company BlackSky Technology (BKSY -20.29%) rocketed higher on some kind words from H.C. Wainwright analyst Scott Buck, who predicted the stock -- worth less than $22 at the time -- would hit $28 within a year. The prediction became self-fulfilling as investors glommed onto BlackSky and bid its shares up to (and as of yesterday, past) $28.Then today happened. What happened to BlackSky today?Today, BlackSky ...

Core Viewpoint - Rocket Lab's stock has experienced significant growth, rising 521% over the past 52 weeks, leading to a market capitalization exceeding $13.3 billion, with a valuation of 31 times its annual sales [1][12]. Group 1: Business Strategy and Expansion - Rocket Lab plans to enter the spy satellite market by acquiring Geost, LLC, a manufacturer of electro-optical payloads, for a total of $325 million, which includes cash and stock [6][10]. - The acquisition will enable Rocket Lab to produce its own spy satellite payloads, enhancing its capabilities in the defense sector and allowing it to compete for contracts with U.S. spy agencies and military [5][7]. Group 2: Market Context and Financials - Rocket Lab's current valuation is considered high, with a price exceeding $12.3 billion against less than $500 million in annual revenue, and it is not expected to turn profitable for at least a couple of years [13]. - The company needs substantial growth drivers to justify its valuation, and the acquisition of Geost could serve as a significant catalyst for expanding annual sales, particularly in relation to the $175 billion Golden Dome project [14].