Zaid
๐ค SpeakerAppearances Over Time
Podcast Appearances
Space could follow a similar trajectory.
Now look, the government will continue to play a key role here.
Government agencies all over the world remain key customers for the core space industry, especially for high-end systems, exploration, defense, and early-stage lunar infrastructure.
The Artemis missions are a great example of that.
So between the cheaper launches and the growing commercial demand and increased government investment, the space economy is hitting an inflection point.
And there are a handful of publicly traded stocks that are in position to ride this wave.
So let's talk about some of those names.
You know, there are a bunch of space related stocks out there these days, but we're going to highlight three of them.
First up, let's talk about Planet Labs.
Planet Labs is a satellite imaging company.
They operate hundreds of satellites in space that spend all day taking high risk pictures of the Earth's surface.
When I say high res, I mean, I'm talking about these satellites can identify an object as small as 15 centimeters.
You can literally track how a war is developing.
You can monitor gold mine production or watch crop health change in real time.
And that kind of data has become hot commodity.
Defense contractors, intelligence agencies, agricultural companies, and hedge funds are all paying top dollar for it.
Planet Labs revenues grew to $244 million last fiscal year, and they have a backlog of about $900 million moving forward.
The company is now also layering in AI on top of its data platform to help clients make faster and smarter decisions based on what the satellites are seeing.
So if satellite data continues to become essential for businesses here on Earth, Planet Labs will be a prime spot to take advantage.
The stock has already gone up nearly 70% this year.