$Planet Labs(PL.US) saw a small gain, while $RTX(RTX.US) basically didn't move.
Both the small-cap Earth observation and large-cap defense stocks are benefiting from geopolitical budgets, but the pace differs significantly: defense orders are locked into multi-year contracts, smoothing out quarterly fluctuations; satellite data service contract values are smaller, so a single government order can change the full-year outlook.
Geopolitical risks have clearly been rising recently, and oil prices have already reacted. Why are these two defense stocks so calm? Is budget transmission inherently slow, or does the market believe this round of disruption won't reach the level of triggering military spending? 🤔
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