Why Planet Labs Stock Is Going to the Moon Today [Yahoo! Finance]
Planet Labs PBC Class A (PL)
Company Research
Source: Yahoo! Finance
The small-cap space stock announced this morning that it has been "selected" to participate in NASA's "Commercial SmallSat Data Acquisition Program (CSDA) On-Ramp1 Multiple Award contract" to "provide commercial data in support of the agency's Earth science research" in a contract worth up to $476 million. What NASA wants from Planet Labs Basically, NASA has hired Planet to work as a photographer. That's good news, but before you get too excited, here are some details. First and foremost, not all the money will be awarded at once, but rather spread over four years. The contract runs through November 2028, so annually, it looks more like a $100 million contract than a $500 million contract. Plus, Planet probably won't get all of the $476 million for itself. This number is actually a ceiling value on the indefinite delivery, indefinite quantity government contract , which might not be awarded in full, and which will be divided with other space companies. As NASA explained Frida
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News
- Ukraine destroys Russian arsenal in Toropets as Kremlin troops grind toward key rail hub [USA TODAY]USA TODAY
- How Bhutan Quietly Built $750 Million In Bitcoin Holdings [Forbes]Forbes
- Planet Signs Multi-Year Contract with the German Space Agency, Providing Near-Daily Imagery and Deep Archive of Satellite DataBusiness Wire
- Salvagers launch new attempt to tow an oil tanker blown up by Yemen's Houthi rebels [Yahoo! Finance]Yahoo! Finance
- Planet Labs PBC (NYSE: PL) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $3.50 to $3.10. They now have a "buy" rating on the stock.MarketBeat
PL
Earnings
- 9/5/24 - Beat
PL
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- PL's page on the SEC website