Latest news with #geospatialdata
Yahoo
2 days ago
- Business
- Yahoo
Why Planet Labs Soared Today
Planet Labs shares rose after announcing a major multiyear satellite imaging deal with the German government. The 240 million euro agreement expands Planet Labs' role in European defense and security, building on recent contracts with U.S. agencies. The company occupies a unique niche with high growth potential, but investors should be aware of risks such as possible share dilution. 10 stocks we like better than Planet Labs Pbc › Shares of Planet Labs (NYSE: PL) climbed on Thursday, closing up 11.2% as of the 1 p.m. ET early market close for the Fourth of July holiday. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.8% and 1%, respectively. Planet Labs, a satellite imaging company, signed a major deal earlier this week that is continuing to boost shares. The company announced on Tuesday that it has signed a deal with the German government to provide satellite imagery and geospatial data "in support of European peace and security." The multiyear, 240 million euro agreement also includes artificial intelligence (AI)-powered intelligence from the imagery and data Planet Labs provides. The deal marks a major step in the company's push into Europe and defense and security-related applications. In a statement, Will Marshall, CEO and co-founder of Planet Labs, said of the deal, "With the changing geopolitical landscape, the demand for sovereign access to geospatial intelligence is more urgent than ever before, and Planet's satellite services model is uniquely designed to enable large area security monitoring." This could be the first of many such deals, as countries across Europe commit to increasing defense spending after last month's NATO summit. Although the contracts are smaller in scope, this month saw the company announce several other significant contracts with the U.S. Department of Defense and the U.S. Navy. Although the stock is not cheap and investors should be aware of possible dilution as the company raises money to fund growth, I think Planet Labs is a good pick for those with a high risk tolerance. The company operates in a unique niche that has a lot of potential. Before you buy stock in Planet Labs Pbc, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Planet Labs Pbc wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Planet Labs Soared Today was originally published by The Motley Fool
Times of Oman
3 days ago
- Politics
- Times of Oman
Shura Council's panel discusses Draft Law on Geospatial Data
Muscat: The Services and Public Utilities Committee of the Shura Council hosted specialists from the National Survey and Geospatial Information Authority to discuss the Draft National Geospatial Data and Information Law referred to the Council by the Government for review. The meeting began with a presentation of the rationale and objectives of the draft law. According to the Authority's representatives, the law seeks to establish a comprehensive regulatory framework for setting national policies, standards, and technical specifications governing the collection, production, exchange, and dissemination of national geospatial data and information. It further aims to unify the mechanisms for geospatial data production across both the public and private sectors in support of sustainable development plans and national infrastructure, and to enhance institutional integration among the relevant entities. The meeting included extensive discussions on the articles of the draft law and explored potential mechanisms for its implementation by various state institutions. The deliberations also assessed the law's alignment with existing national legislation and regulations, as well as its consistency with international agreements to which the Sultanate of Oman is a party in this domain. The Council held its eighth meeting for the second annual session (2024–2025) of the tenth term on Wednesday, under the chairmanship of Hamoud Ahmed Al Yahyaei, Head of the Committee, in the presence of Committee members. It is worth noting that as part of its study of the draft law, the Committee had previously hosted a number of academic experts from Sultan Qaboos University to seek their input on various technical and scientific aspects of the legislation. On another note, the Committee also reviewed its report on the assessment of the annual report of the Ministry of Transport, Communications and Information Technology, in accordance with Article (55) of the Law of the Council of Oman, which stipulates: "Service Ministers shall submit to the Shura Council an annual report on the stages of implementation of the projects pertaining to the ministries they head. The Council may summon any of them to present a statement on specific matters within the scope of their respective ministries and to discuss such matters with them."
Yahoo
12-06-2025
- Business
- Yahoo
Hexagon to acquire Aero Photo Europe Investigation (APEI) to enhance its aerial mapping capabilities in Europe
STOCKHOLM, June 12, 2025 /PRNewswire/ -- Hexagon AB has announced an agreement to acquire APEI, a French company specialising in aerial mapping, to augment its geospatial data platforms. APEI owns and operates a fleet of private aircraft dedicated to aerial data acquisition, primarily within France, neighbouring European countries, and Africa. They have been a long-term partner of Hexagon, utilising its sensors and processing capabilities and contributing to the Hexagon Content Program, the largest library of aerial imagery & elevation models in the United States & Europe and a core application on HxDR, Hexagon's cloud-based platform for storing, visualising and collaborating on spatial data. Acquiring APEI will enhance Hexagon's ability to support growing demand for accurate, large-scale geospatial content. "France is one of the largest geospatial data markets in the EU, driven by the French government's ambition to maintain updated mapping content of the entire country," said Norbert Hanke, interim President and CEO of Hexagon. "This acquisition enhances our ability to engage with this opportunity and positions us for other governmental programmes in Europe and Africa." APEI, supported by around 10 employees, will be reported within Hexagon's Geosystems division and is expected to generate revenues of around ~3 MEUR in 2025 with margins similar to average Hexagon levels. Completion of the transaction is subject to regulatory approvals and other customary conditions and is expected to be finalised by the end of Q2 2025. For further information, please contact: Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437, ir@ Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26, ir@ About Hexagon Hexagon is the global leader in precision technologies at any scale. Our digital twins, robotics and AI solutions are transforming the industries that shape our reality. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,800 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at and follow us @HexagonAB. This information was brought to you by Cision The following files are available for download: Hexagon to acquire Aero Photo Europe Investigation (APEI) to enhance its aerial mapping capabilities in Europe View original content: SOURCE Hexagon Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
