Browsing Tag
Pelican
3 posts
Planet Labs (NYSE: PL) crashes 25% after a record quarter and a 400% run
Planet Labs (NYSE: PL) posted record revenue and big defense wins, then fell 25%. After a 400% run, expectations, not results, became the problem.
Global defense spending hits record $2.9T as satellite and drone names join the primes
Global defense spending hit a record $2.9T and is broadening beyond the primes. Planet Labs' record quarter, with defense revenue up 65%, shows the new defense-tech track.
Planet Labs PBC stock sits near 52-week high as Pelican satellite strategy gains defense traction
Sweden needed sovereign space faster than planned. Planet Labs’ Pelican launch turns that urgency into a defense growth test for PL.