Planet Eyes Operating Profit Despite Investment Boost

Image of Lhasa Gonggar International Airport in Tibet from Planet’s new Pelican-6 spacecraft launched Nov. 15Caption: Image of Lhasa Gonggar International Airport in Tibet from Planet’s new Pelican-6 spacecraft launched Nov. 15

An image of Lhasa Gonggar International Airport in Tibet from Planet’s new Pelican-6 spacecraft, launched Nov. 15.

Credit: Planet Labs PBC
Planet expects to deliver a full-year adjusted operating profit even as the Earth-observation satellite service provider boosts investments in manufacturing capacity and spacecraft. The company has seen a strong boom in its defense business, helping lift its outlook for top-line growth for the...
Robert Wall

Robert Wall is Executive Editor for Defense and Space. Based in London, he directs a team of military and space journalists across the U.S., Europe and Asia-Pacific.

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