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SAN FRANCISCO - Planet Labs PBC (NYSE:PL), a provider of daily satellite imagery and geospatial solutions, announced Tuesday that Scott Reese has been elected to its board of directors, with the appointment expected to become effective in early November 2025.
Reese currently serves as Chief Executive Officer of the Electrification Software business at GE Vernova (NYSE:GEV), a global energy company with a market capitalization exceeding $150 billion.
"I’m very excited to join Planet’s board and contribute to the company’s growing business and powerful mission," Reese said in a statement released by the company.
Prior to joining GE Vernova, Reese worked at Autodesk (NASDAQ:ADSK) as Executive Vice President of Product Development & Manufacturing Solutions. He joined Autodesk in 2003 following its acquisition of VIA Development Corporation. Reese also previously served on the board of directors at Model N, Inc. (NYSE:MODN) from 2019 to 2024.
Reese holds a Bachelor of Science in computer information systems and a Master of Business Administration from Indiana Wesleyan University.
According to the press release, Reese’s election will officially take effect 40 days after Planet sends a Notice of Internet Availability of Information Statement to its stockholders, which is expected to occur in early November.
Planet Labs, founded in 2010 by three NASA scientists, operates a fleet of imaging satellites that provide Earth observation data. The company is structured as a public benefit corporation and is listed on the New York Stock Exchange. For detailed financial analysis and valuation metrics on both Planet Labs and other aerospace companies, InvestingPro subscribers can access comprehensive research reports covering over 1,400 US-listed companies, transforming complex Wall Street data into actionable investment intelligence.
In other recent news, Autodesk has seen a series of analyst upgrades following its strong fiscal second-quarter performance. UBS raised its price target to $385, praising the company’s revenue and billings as some of the strongest in the sector. Macquarie also increased its price target to $380, maintaining an Outperform rating, citing consistent factors that have driven the company’s recent successes. Oppenheimer adjusted its target to $375, noting Autodesk’s steady "core" revenue growth of 11% despite broader economic challenges. Meanwhile, RBC Capital raised its price target to $380, highlighting increased guidance for fiscal year 2026 and improved confidence in Autodesk’s free cash flow outlook. BMO Capital, however, kept its Market Perform rating and a $333 price target, acknowledging stable growth and strong cash generation. These developments reflect a broad consensus among analysts on Autodesk’s robust performance and future prospects.
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