Planet Labs Sees Surge in Backlog Amid Rising Defense Spending

In a recent financial update, Planet Labs PBC, a prominent satellite imagery and data firm, reported a remarkable increase in its backlog, more than doubling its previous figures as defense spending continues to escalate. The company has emphasized its commitment to providing cutting-edge information through its innovative technology, catering to both government and commercial sectors.

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Surge in Eutelsat's Stock Driven by European Defense Spending Initiative

Eutelsat Communications, a key player in the satellite market and a direct competitor to SpaceX's Starlink, witnessed a significant surge in its stock price following the announcement of a new defense spending plan by European government ministries. This surge reflects growing demand for secure and robust communications services, particularly in light of increased geopolitical tensions in Europe.

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