{"title":"BlackSky vs HawkEye 360: Earth observation compared","url":"https://www.frontiertechintelligence.com/compare/blacksky-vs-hawkeye-360","comparison":"HawkEye 360 ranks 14 on the Space 100 with a score of 82; BlackSky ranks 34 with 78. HawkEye 360 is ahead on production and leverage. Level on deployment, commercials, progress, technology, positioning and firepower. Both are based in Herndon, United States. BlackSky: Established. HawkEye 360: Public. BlackSky is named in 30 signals and HawkEye 360 in 23.","companies":[{"name":"BlackSky","url":"https://www.frontiertechintelligence.com/companies/blacksky","city":"Herndon","country":"United States","stage":"Established","founded":null,"last_round":null,"positioning":"BlackSky is a US Earth-observation operator (NYSE:BKSY) deploying its Gen-3 constellation (35cm imagery, sub-hourly revisit), with FY25 record revenue of $107M, Q2-26 revenue of $33M (+50%), and FY26 guidance of $130-150M at positive adjusted EBITDA (a second consecutive positive-EBITDA year). Backlog reached ~$380M by Q1-26 (including a $99M sole-source AFRL IDIQ ceiling), with more than 80% of funded backlog in multi-year international subscription contracts and international growth now outpacing the US. It is converting bespoke missions into recurring subscriptions while spending up to $60M capex to scale Gen-3.","assessed_in":{"domain":"Space","list":"Space 100","rank":34,"score":78,"tier":"member","scores":{"gate_ne":["firepower"],"leverage":6,"position":8,"progress":10,"firepower":8,"commercial":8,"deployment":8,"production":6,"technology":8},"why":"BlackSky provides real-time satellite-derived intelligence for tactical surveillance, tracking and ISR customers including the U.S. Space Force and international defense users.","segment":"Earth observation","layer":"Satellites & spacecraft"},"signals_total":30,"facts_total":38},{"name":"HawkEye 360","url":"https://www.frontiertechintelligence.com/companies/hawkeye-360","city":"Herndon","country":"United States","stage":"Public","founded":null,"last_round":null,"positioning":"HawkEye 360 is a US RF-geolocation operator with a 30-satellite constellation (clusters of three since 2018; Block 4 angle-of-arrival payloads launching 2027), promoted from watchlist after it went public (ticker HAWK). FY25 revenue was $117.7M with $24.8M EBITDA (international outpacing US), and Lockheed Martin is an investor and integration partner, feeding RF intelligence into the AEGIS weapon system at Valiant Shield 2026; its December 2025 ISA acquisition generalizes emitter identification. The IPO proceeds, Q2 figures, and backlog are the open items.","assessed_in":{"domain":"Space","list":"Space 100","rank":14,"score":82,"tier":"member","scores":{"gate_ne":["firepower"],"leverage":8,"position":8,"progress":10,"firepower":8,"commercial":8,"deployment":8,"production":8,"technology":8},"why":"HawkEye 360 operates a commercial RF geolocation satellite constellation and sells radio-frequency intelligence to customers including the National Reconnaissance Office.","segment":"Earth observation","layer":"Satellites & spacecraft"},"signals_total":23,"facts_total":16}],"note":"Assessment by Frontier Tech Intelligence; facts and signals carry their sources."}