We're preparing for our next Electron launch from LC-1 for @synspective (our 10th to deploy their Earth-observation constellation) with our upcoming mission 'Ten Owl Of Ten' 🦉
Launch window opens NET June 18:
🚀 8:40 am NZST
🚀 5:40 am JST
🚀 20:40 UTC (June 17)
🚀 4:40 pm ET (June 17)
🚀 1:40 pm PT (June 17)
$PL: 🚨 CLEAR STREET RAISES PLANET LABS PRICE TARGET TO $53 FROM $34, MAINTAINS BUY RATING
Summary
Planet Labs (PL) is a key beneficiary of AI, where value is increasingly tied to proprietary data sources such as PlanetScope. Following 1QF27 results, which exceeded our revenue estimate by 6%, we raise our target to $53 (from $34) and maintain our BUY rating.
We highlight three key points:
• Momentum Remains Strong: Growth in defense and intelligence continued, complemented by 20%+ YoY commercial growth driven by a successfully revamped customer engagement strategy.
• Compelling Product Cycle Ahead: Major catalysts include the first Owl satellite later this year, delivering ~1m resolution imagery, and 2027E beta testing of space-based data center technologies.
• Strong Financial Profile: We project PL to remain FCF positive in F2027E and achieve the Rule of 40, supporting a premium valuation.
Our valuation is now based on a 25x EV/Sales multiple applied to our newly introduced F2029E estimates, up from 21x F2028E EV/Sales previously. The higher multiple reflects a projected 36% revenue CAGR and a peer group that has re-rated approximately 20% over the past three months
Horizon Aircraft CFO, Brian Merker, explains how our recent capital raise puts Horizon in a position to fully fund the completion of our Cavorite X7 prototype, and advance the program toward testing, certification and commercial production.
Horizon Aircraft Appoints Richard Alexander as Chief Engineer of Certified Programs.
Former Bombardier engineering leader will help drive the development and certification of Horizon Aircraft's next-generation hybrid eVTOL.
https://t.co/x22Xbk2Pub
Alberta will begin rolling out new three-in-one ID cards on July 2, combining health card information, citizenship markers and driver’s licence or ID card details into a single card