Planet Labs and Pilbara Minerals highlight growth in satellite and lithium sectors

Planet Labs PBC is positioned as a growth stock with a valuation significantly lower than competitors like SpaceX. Trading at a price-to-sales multiple of 16.5, the Earth-observation satellite operator manages a fleet of approximately 200 satellites. While the company faces dependency risks due to the US government accounting for 40% to 50% of its revenue, analysts project a 42% year-on-year revenue increase for fiscal year 2027.

In the materials sector, Pilbara Minerals has seen its share price rise by 12.1% since the start of 2025. The Australian lithium producer operates the Pilgangoora hard-rock lithium mine and supplies spodumene concentrate to partners such as Great Wall and POSCO. Despite the demand for lithium in the electric vehicle and renewable energy markets, the company remains subject to global spodumene price fluctuations.