Following the announcement of its upcoming satellite mission, Planet Labs PBC (NYSE: PL) has seen a notable increase in its stock value. In the latest trading session, PL stock surged by 14.98%, reaching $2.49.
Tanager-1: Expanding Capabilities with Hyperspectral Technology
Planet Labs (PL) announced that Tanager-1, its groundbreaking hyperspectral satellite, will launch with 36 SuperDoves (Flock 4BE) as part of SpaceX’s Transporter-11 Rideshare mission. The launch window for SpaceX is set to open at 11:20 a.m. today, with the launch taking place from the Californian Vandenberg Space Force Base. PT.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
By offering more than 400 spectral bands of data, Tanager-1 is set to expand the capabilities of Planet Labs and enable the discovery of occurrences that are invisible to the unaided eye. This satellite, a product of the Carbon Mapper Coalition—a philanthropic initiative aimed at creating advanced hyperspectral satellites—will focus on identifying and monitoring methane and CO2 super-emitters, thereby supporting direct mitigation efforts.
Tanager-1, which combines the cutting-edge imaging spectrometer created by NASA’s Jet Propulsion Laboratory with the sophisticated aeronautical technology of Planet Labs, is a major advancement in satellite technology. Additionally, Planet Labs’ clients will have access to the hyperspectral data from Tanager-1 for a range of uses, such as water quality tests, mineral mapping, biodiversity assessments, and military and intelligence surveillance.
Advancements in Urban Planning and Monitoring
In a separate development, Planet Labs recently announced that its SkySat data has been utilized by the government of Bahrain, specifically by the Survey and Land Registration Bureau (SLRB), to advance urban planning efforts nationwide. The SLRB has collaborated with Aetosky (formerly SkyMap Global) to deploy an advanced urban planning system that integrates AI-powered change detection with high-resolution satellite imagery from Planet Labs.
This system provides the SLRB with regular biweekly updates, enhancing their ability to monitor infrastructure changes, environmental developments, and urban greenspaces. By leveraging Planet Labs’ proprietary data cube technology, the new system enables efficient tracking of spatial-temporal changes, streamlining the analysis process, and optimizing resource allocation across Bahrain.
