Planet Labs: The Easy Money Is Gone

2026-02-19 09:00:13 ET

Space is becoming the buzzword for 2026, and there’s good reason to get on board. Last year, global investments in space tech reached a record, surpassing the previous peak set in 2021. About 60% of that spending comes from the U.S., driven by hyper-investment in launch services and defense-related programs, and the Trump administration shows no signs of slowing down. Recently, President Trump signed an executive order “designating space as a core national security and economic priority.” The revived obsession with space is due to its being thrown into the ring with AI and defense: the holy trinity for 2026. Planet Labs ( PL ) stands out at this intersection....

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