PL - Planet Labs: Government Spending On Space Could Signal Launch

2024-04-26 07:39:39 ET

Summary

• Planet Labs offers high frequency geospatial data through their satellite constellations, but the stock has plummeted since its IPO.
• There is room for improvement on growth and the solutions the company currently offers.
• Increased government defence agency interest in the commercial space sector could drive future revenue for Planet Labs.

Planet Labs ( PL ) is a company that primarily offers high frequency geospatial data from their own constellations of satellites, available to customers through their online platform. One of many 2021 SPACs that since fell to earth, the stock has plummeted from an IPO price of $10. While too much hype dominated then, the opposite problem of unchecked pessimism, plagues the stock today. While there are reasons to be wary, there are catalysts on the horizon including recent Space Force developments, which at this point it is hard to believe are fully priced in....

For further details see: