Satellite stocks continue to surge amid geopolitical concerns, with Rocket Lab, Planet Labs, and EchoStar hitting records
Satellite stocks, including Rocket Lab, Planet Labs, and EchoStar, have reached record highs due to rising geopolitical tensions. Planet Labs’ President highlighted a recent deal with the Swedish Air Force, emphasizing the global demand for independent intelligence capabilities. Since the start of the year, Rocket Lab has surged nearly 30%, Planet Labs 34%, and EchoStar 21%. The low earth orbit industry is increasingly vital for communications, intelligence, and defense, with military contracts playing a crucial role in their growth.
Sherwoodnews·