BlackSky Technology Inc.'s stock soared 5.69% during intraday trading on Tuesday, following positive analyst coverage and inclusion in a prominent space industry investment list.

The surge appears linked to a Morgan Stanley report highlighting space-related investment opportunities. The firm introduced its "Space 60" list, a comprehensive compilation of publicly traded companies with ties to the space sector, which includes BlackSky Technology as one of four service providers using space for new business models. The report specifically noted that BlackSky is "the most popular of the rest, with a Buy-rating ratio of 89%," indicating strong analyst sentiment.

Overall excitement in the space sector is being driven by the successful NASA Artemis II mission and anticipation surrounding SpaceX's potential initial public offering, creating a favorable backdrop for companies like BlackSky that are positioned in the growing space economy.