Planet Labs ($PL) - The next big space stock
Posted: Dec 02, 2024
- Stock is up 14% this morning
- Planet Labs (NYSE: PL) recently signed a NATO contract for surveillance and intelligence
- Also signed a seven-figure deal with Laconic for Forest Carbon Monitoring products
- User holds 40x $5 Calls expiring on January 25, 2025
- 16 NATO Allies, along with Finland and Sweden, launched the Alliance Persistent Surveillance from Space (APSS) initiative
- APSS aims to improve intelligence and surveillance, streamline data collection, and generate cost savings
- The initiative includes establishing a virtual constellation called ‘Aquila’ using a mix of national and commercial space assets
- Represents civil-military cooperation and integration of industry technologies
- Luxembourg's early contribution of 16.5 million euros laid the foundation for APSS
- 18 NATO Allies, including Belgium, Canada, France, Italy, Poland, Spain, United States, among others, participate in APSS
- APSS supports NATO’s innovation agenda and is aligned with the organization’s 2019 space policy adoption.
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