Satellite Stocks Jump as Countries Push for “Sovereign Space” Meta
Satellite stocks like Planet Labs, Rocket Lab, and AST SpaceMobile are rising fast as governments invest more in independent space and defense systems.
Satellite stocks like Planet Labs, Rocket Lab, and AST SpaceMobile are rising fast as governments invest more in independent space and defense systems.
Needham raises Planet Labs price target to $16, citing strategic satellite service focus and improving profitability through 2026.
Wedbush raised its price target for Planet Labs from $11 to $17 due to impressive traction in government contracts and a strong commercial rebound, leading to a massive $735M backlog.