The satellite economy is accelerating, with low Earth orbit (LEO) activity projected to hit $11.81 billion in 2025 and expected to nearly double to $20.69 billion by 2030 at an annual growth rate of 11.9%. That growth is being driven by demand for high-resolution Earth data, demand for real-time analytics, and cheaper, faster launch cycles.
No company captures that energy more than Planet Labs (PL). Its stock has nearly tripled in 2025, up about 460% over the past 52 weeks, with Wall Street indicating there is still more gas in the tank as execution improves.
