Planet Labs Takes off – These 5 Space Stocks Follow Suit

In the next three years, Planet Labs' revenue is expected to grow by an average of 20% per year to reach $422 million, which should lead to profitability by the calendar year 2027. Driven by current developments, the stock has risen by almost 65% in the last 20 days. The main growth driver in the space technology sector is the rapidly increasing demand for satellite data for communication, earth observation, climate research, and increasingly for defense as well. The space stocks presented below all demonstrate a significant increase in share price...