10 Important AI News and Ratings for Today

8. Planet Labs PBC (NYSE:PL)

Number of Hedge Fund Holders: 8

Planet Labs PBC (NYSE:PL) designs and launches satellite constellations to provide geospatial data and analytics. Planet Labs signed a $230 million deal with an Asia-Pacific partner to develop Pelican high-resolution satellites, expanding services for government and commercial clients. The agreement, its largest to date, will generate revenue over seven years without additional capital or debt. The company is also advancing AI-driven satellite capabilities, including Pelican-2’s NVIDIA GPU for faster data processing and real-time space-to-space connectivity with NASA. Planet’s geospatial data supports industries like defense, agriculture, and sustainability by providing real-time global insights.