BUZZ-Satellite imaging stocks gain as US uses space-based intelligence in recent operation

Reuters

01/05

** Shares of satellite imagery and data firms Blacksky Technologies BKSY.N, Spire Global SPIR.N and Satellogic SATL.O up between 3.9% and 4.1% premarket

** On Saturday, General Raisen Caine, chairman of the Joint Chiefs of Staff, credited the National Geospatial-Intelligence Agency (NGA) for its role in the intelligence build-up to Operation Absolute Resolve

** Caine said that U.S. Space Command used satellites to help clear a safe path and protect the teams during the mission

** The companies have secured a series of high-value contracts with agencies such as the NGA and Spacecom to provide advanced imagery, radio frequency data and AI-driven analytics

(Reporting by Akash Sriram in Bengaluru)

((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))

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