BlackSky Technology Inc. (BKSY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 93.83% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
36M
Potential Supply
0
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

BKSY currently has 36.2M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 93.83% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 36.2M shares outstanding

36M 0
Mar 17, 2026

10-K filing | 33.6M shares outstanding

34M 0
Nov 26, 2025

S-3 filing: The filing describes a potential offering of various securities, including Class A common stock, preferred stock, debt securities, depositary shares, warrants, or units, through subscription rights or purchase contracts.

35M 0
Nov 06, 2025

10-Q filing | 35.2M shares outstanding

35M 0
Aug 07, 2025

10-Q filing | 32.5M shares outstanding

32M 0
May 08, 2025

10-Q filing | 30.8M shares outstanding

31M 0
Mar 20, 2025

10-K filing | 31.6M shares outstanding

32M 0
Nov 07, 2024

10-Q filing | 30.8M shares outstanding

31M 0
Sep 25, 2024

8-K filing: BlackSky Technology Inc. entered into an underwriting agreement to sell 10,000,000 shares of Class A common stock at $4.00 per share, with an option for the underwriters to purchase an additional 1,500,000 shares, expected to close on September 26, 2024. ($40.0M proceeds)

18M 0
Sep 06, 2024
Stock Split

8-K filing: Stock split 1-for-8 | Outstanding: 145,186,000 → 18,148,250

18M 0
Aug 08, 2024

10-Q filing | 145.2M shares outstanding

150M 0
May 09, 2024

10-Q filing | 143.2M shares outstanding

140M 0
Mar 20, 2024

10-K filing | 135.5M shares outstanding

140M 0
Nov 08, 2023

10-Q filing | 138.9M shares outstanding

140M 0
Aug 09, 2023

10-Q filing | 137.2M shares outstanding

140M 0
Jun 09, 2023

8-K filing: BlackSky Technology Inc. filed an 8-K to update security ownership information and highlight a distribution from JANA Capital LLC to its limited partners, including director David DiDomenico, resulting in a significant increase in his holdings.

120M 0
May 10, 2023

10-Q filing | 139.3M shares outstanding

140M 0
Mar 31, 2023

S-3 filing: This S-3 filing registers up to 32,807,354 shares of common stock offered by selling stockholders, including shares issuable upon exercise of warrants.

140M 0
Mar 23, 2023

10-K filing | 138.7M shares outstanding

140M 0
Mar 10, 2023

8-K filing: BlackSky Technology Inc. filed a petition with the Delaware Court of Chancery under Section 205 of the DGCL to seek validation of its Restated Charter and the shares issued in reliance on it, following uncertainty related to stockholder voting requirements for charter amendments.

120M 0
Mar 09, 2023

8-K filing: BlackSky Technology Inc. completed a private placement on March 8, 2023, issuing 16,403,677 shares of Class A common stock and warrants to purchase an additional 16,403,677 shares, with gross proceeds of approximately $29.5 million. ($29.5M proceeds)

120M 0
Dec 13, 2022

S-3/A filing: The filing is an S-3/A registration statement for a shelf offering of various securities, including Class A common stock, preferred stock, debt securities, depositary shares, warrants, or units, which may be offered through subscription rights or purchase contracts.

120M 0
Nov 08, 2022

10-Q filing | 118.6M shares outstanding

120M 0
Oct 14, 2022

S-3 filing: The filing is an S-3 form indicating the company may issue subscription rights to purchase Class A common stock, preferred stock, debt securities, depositary shares, warrants or units consisting of some or all of these securities and purchase contracts.

120M 0
Oct 14, 2022

POS AM filing: This POS AM filing relates to the issuance of common stock upon exercise of warrants and resale of Class A Common Stock and Warrants by selling securityholders. No new shares are being added under the post-effective amendment filed on October 14, 2022.

120M 0
Aug 10, 2022

10-Q filing | 118.1M shares outstanding

120M 0
May 11, 2022

10-Q filing | 115.5M shares outstanding

120M 0
Apr 04, 2022

POS AM filing: This is a prospectus for the registration of Class A Common Stock and warrants of BlackSky Technology Inc., including the offer and sale of shares issuable upon exercise of warrants and options, resale of shares by selling securityholders, and shares purchased by subscribers and Palantir.

120M 0
Mar 31, 2022

10-K filing | 120.5M shares outstanding

120M 49M
Dec 08, 2021

S-1/A filing: This S-1/A filing registers 107,357,335 shares of Class A Common Stock and 8,325,000 Warrants for resale by selling securityholders and for issuance upon exercise of warrants and options.

120M 53M
Nov 15, 2021

10-Q filing | 116.1M shares outstanding

120M 68M
Oct 25, 2021

S-1 filing: This S-1 filing registers the offer and sale of Class A Common Stock and warrants of BlackSky Technology Inc., including shares issuable upon exercise of warrants and options, vesting of restricted stock units, and resale of shares by selling securityholders.

40M 140M
Aug 12, 2021

10-Q filing | 39.5M shares outstanding

40M 0
May 24, 2021

10-Q filing | 5.3M shares outstanding

5.3M 0
Mar 31, 2021

10-K filing | 8.6M shares outstanding

8.6M 0
Nov 16, 2020

10-Q filing | 8.6M shares outstanding

8.6M 0
Aug 11, 2020

10-Q filing | 1.5M shares outstanding

1.5M 0
May 14, 2020

10-Q filing | 8.6M shares outstanding

8.6M 0
Mar 06, 2020

10-K filing | 8.6M shares outstanding

8.6M 0
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