NYSE:PLProfessional Services
Planet Labs’ Swedish Deal Tests Sovereign Satellite Model And Owl Ambitions
Planet Labs PBC (NYSE:PL) has signed a multi-year satellite and data services contract with the Swedish Armed Forces.
This is the company’s third major government satellite services deal in twelve months, following agreements with Japan and Germany.
Planet Labs also announced its planned Owl constellation, aimed at providing near-daily high resolution Earth imagery.
Planet Labs PBC, trading at $26.94, has attracted investor attention with a very large 1 year return and a roughly 4.5x return...