Planet Labs PBC (NYSE:PL) is among the 11 Best Performing Defense Stocks to Buy Now. On August 26, the company announced that it had launched two additional Pelican satellites into orbit.
Planet Labs PBC (PL) Launches Two Additional Pelican Satellites Into Orbit
The high-resolution, AI-enabled Pelican-3 and Pelican-4 satellites were launched from California on SpaceX’s Falcon 9 rocket. Planet Labs PBC (NYSE:PL) said it had begun the commissioning process after successfully making contact with the satellites.
The latest additions of the satellites build on Planet Labs PBC (NYSE:PL)’s fleet of next-generation tasking satellites. The Pelican-3 and Pelican-4 can offer up to 40 cm class resolution imagery across six multispectral bands optimized for cross-sensor analysis. These are also equipped with NVIDIA’s Jetson AI platforms, enabling swift on-orbit computing and insights delivery.
Planet Labs PBC (NYSE:PL) provides global daily satellite imagery and geospatial solutions. The stock has had impressive returns in 2025, gaining over 80% year-to-date as of August 28.
While we acknowledge the potential of PL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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