Added to YB: 2026-02-23
Pitch date: 2026-02-19
PL [bullish]
Planet Labs PBC
-3.4%
current return
Author Info
No bio for this author
Company Info
Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform the United States and internationally.
Market Cap
$8.1B
Pitch Price
$24.74
Price Target
67.30 (+168%)
Dividend
N/A
EV/EBITDA
-288.87
P/E
-55.44
EV/Sales
27.90
Sector
Professional Services
Category
growth
The Planet Labs Re-Rating Thesis
PL: SaaS database co w/ cameras in orbit, not typical space co. One-to-many economics: 1 satellite scan sold to infinite customers → 70%+ GM target. Unreplicable moat: 10+ yr daily Earth image archive = AI training data monopoly. 90%+ recurring ACV, >100% NDR. $200-300M cash, zero debt. Govt contracts expanding (NRO EOCL). Pelican/Tanager launches = catalyst. Price target $67 from $24 (180% upside). Trades like hardware, actually AI/data play.
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