$PL - Earth Data to Become Increasingly Valuable Under Trump Administration
Posted: Dec 03, 2024
- Planet Labs ($PL) struggled to be profitable after going public in the SPAC boom
- Revenue primarily comes from government contracts (75%) rather than general business use
- Potential for increased profitability with new government contracts under the current administration
- NATO contract and launch of Tanager-1 satellite are promising for increasing revenue
- Planet Labs invests in new technologies and has partnerships with Google
- Predicted price target for $PL by 5/1/2025 is $10/share
- Focus on defense and intelligence contracts as major growth driver
- Position includes 12/20/2025 $5C options
- TLDR: Increased government contracts will justify R+D investments and lead to higher valuations for Planet Labs
- Planet signed a deal with NATO's Communications and Information Agency (NCIA) to supply satellite imagery for the Alliance Persistent Surveillance from Space (APSS) program
- The APSS program aims to enhance NATO's surveillance capabilities by pooling national and commercial satellite networks, with over $1 billion committed by 17 member nations
- Planet's high-resolution data from its SkySat fleet will be used to provide real-time intelligence for tracking military activities and enhancing situational awareness
- Planet operates over 200 satellites, including Doves for medium-resolution imaging and SkySats for high-resolution imagery, and has been expanding its presence in the defense and government sectors
- The company previously secured a $146 million contract with the National Reconnaissance Office (NRO) as part of the NRO's Electro-Optical Commercial Layer initiative.
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - While there is some optimism from users purchasing calls, the overall tone is skeptical about the hype being artificial and concerns about a potential pump-and-dump. Summarized comments: - PL is being heavily promoted and discussed in a possibly coordinated manner. - There is skepticism around the stock's current hype, with some users anticipating a rise in value followed by a decline. - Concerns exist about the genuine interest in the stock versus artificial hype. - Some users are buying calls, hoping for a short-term gain and encouraging others to increase the stock's price. - Doubts exist about PL's potential collaboration with government agencies for earth data, questioning the uniqueness of PL's services. Stock tickers discussed: $PL
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!