Is "Space Hippie" Planet Labs a Defense Contractor Now?
If you haven't yet seen Wild Wild Space on HBO, but you're interested in investing in space, I'd encourage you to find a spare 90 minutes and watch it. Seamlessly transitioning from the printed word to streaming TV, space reporter and Elon Musk biographer Ashlee Vance uses his new documentary to look beyond SpaceX -- the space company everyone has heard of but few can invest in -- to explore four lesser-known space companies (one of which just got bought out) with bright futures.
As it turns out, one of those space companies is Planet Labs (NYSE: PL), which I've been following since even before its IPO.
Vance describes the Earth-imaging-focused company as having been founded by "space hippies" intent on providing actionable intelligence on changes taking place on Earth to help combat pollution, climate change, and so on. Consistent with that goal, Planet Labs is a "public benefit corporation" -- a for-profit business that, as Cornell Law School explains, is also "created to generate social and public good, and to operate in a responsible and sustainable manner."
Source Fool.com
