Why Osprey Technology Acquisition Stock Popped Again Today

I think you've got to hand it to Osprey Technology Acquisition Corp. (NYSE: SFTW) -- yesterday was a great day to announce a space-related merger deal.

As you've probably heard, on Thursday afternoon, NASA announced the successful landing on Mars of its Perseverance rover and Ingenuity drone helicopter. And that was the same day that Osprey announced its plans to acquire "real-time geospatial intelligence, imagery, and data analytics company" BlackSky Holdings, reverse-merging it with the SPAC to take it public.  

Shares of Osprey -- the shell company that will bring BlackSky public -- popped 27.5% on the news Thursday, and they were up another 10.4% as of noon EST Friday.

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Source Fool.com