Shares of several companies involved in geospatial intelligence that own or operate small satellite constellations, such as BlackSky Technology (BKSY), Planet Labs (PL), and Terran Orbital (LLAP), are moving higher in morning trading after Maxar Technologies (MAXR) agreed to be acquired by Advent International in an all-cash transaction that values Maxar at an enterprise value of approximately $6.4B or $53 per share in cash. In pre-market trading after the deal announcement, shares of Maxar have more than doubled to trading near $51 per share, while BlackSky has risen nearly 9% to $2 per share, Planet Labs is up 7.5% to $5.30 and Terran Orbital has advanced 4% to $1.47.
Published first on TheFly
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