Planet Labs PBC·Industrials

Growing global connectivity bodes well for Zacks Satellite and Communication industry participants, such as SATS, PL and IRDM, amid macroeconomic volatility.

In the fast-moving world of high-growth tech stocks, headlines can be deceiving. Recently, news broke that Planet Labs PBC NYSE: PL, a powerhouse in the satellite imagery sector, had complied with a U.S. government request to halt its data feed over a conflict zone in the Middle East.

Investors are excited about this booming business with an explosive share price performance.

SAN FRANCISCO--(BUSINESS WIRE)--Following the announcement of a strategic initiative with NVIDIA, Planet Labs PBC (NYSE: PL) announced a landmark technical achievement: the successful deployment and execution of AI-driven object detection directly onboard its Pelican-4 satellite, paving the way toward on-orbit compute for rapid insights, a capability Planet calls Planetary Intelligence. On March 25th, 500km over Alice Springs, Australia, Planet's Pelican-4 captured an image of an airport, then.

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced the shipment of three Pelican satellites to Vandenberg Space Force Base in California ahead of their launch aboard the upcoming CAS500/2 rideshare mission with SpaceX. By launching these satellites to orbit, Planet will further expand the Pelican fleet's industry-leading capabilities and rapid revisit rate, providing high-resolution, AI-enabled solutio.

The space industry is expected to grow significantly, with McKinsey estimating it could reach $1.8 trillion by 2035. AST SpaceMobile is building a satellite-based cellular broadband network and is partnering with mobile operators.
Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems. It serves agriculture, mapping, forestry, and finance and insurance, as well as federal, state, and local government bodies. The company was incorporated in 2010 and is headquartered in San Francisco, California.
Industrials
Aerospace & Defense
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2021-04-26
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