Satellite stocks continue to surge amid geopolitical concerns, with Rocket Lab, Planet Labs, and EchoStar hitting records
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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.
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