36.0% chaos · simmering
science fights
1 sources
Planet Labs - A Short Story
What happened
THE TLDR FOR THE SMOOTH-BRAINED: Planet Labs takes pictures of Earth from space every single day. Governments, militaries, hedge funds, and farmers pay them a lot of money for those pictures. Yesterday, they reported their first full year of profitability. The backlog just hit $900 million. The stock ripped 31% today, and I think this is the beginning, not the end. Let me explain. WHAT DOES PLANET ACTUALLY DO Imagine Google Maps, but it updates every 24 hours instead of every few years, and the
Why people care
Reported by r/wallstreetbets.
Sources
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Planet Labs - A Short Story
r/wallstreetbets
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