• Planet Labs and Rocket Lab posted record quarters on defense demand.
• The Pentagon's FY2027 space funding request is $59.7 billion.
• Planet Labs' revenue rose 58.1% to $116.05M, with defense and intelligence revenue growing over 90%.
• Rocket Lab reached $234.07M in revenue, with a $397M Flatellite award for the Space Force.

The competition between Planet Labs and Rocket Lab may indicate a shift in the space industry towards data-driven services and infrastructure development. The Pentagon's significant investment in space funding suggests a growing importance of space-based capabilities, which could benefit both companies, but Planet Labs' higher margins and recurring revenue may give it an edge.