“`html
Planet Labs Launches New Satellites and Hits Positive Cash Flow
Planet Labs PBC (NYSE: PL) announced the shipment of two Pelican satellites and 36 SuperDoves for launch, leading to a 27% increase in its share price this week. This announcement was made on Wednesday, emphasizing the company’s commitment to expanding its satellite constellation, which now includes six Pelican satellites, with a goal of reaching 30.
For the first time, Planet Labs reported positive cash flow from operations, indicating a potentially scalable business model. The company also saw a 245% increase in its backlog over the last quarter and is integrating Nvidia’s Jetson AI platform into its satellites to provide faster insights for customers across various sectors, including government, defense, agriculture, and insurance.
“`
