Corporate’s got work to do… Monday’ll be the first time markets close for Juneteenth, the new federal holiday celebrating the end of US slavery. After George Floyd’s murder two years ago, 271 corporations pledged $67B to improve racial equity — but less than $1B had been distributed by the start of ’22. Procter & Gamble, Sephora, and others have fallen short of their targets to hire more Black workers and partner with more Black-owned brands. But others, like Yelp and Microsoft, hit their year-one goals of teaming up with Black-owned businesses.
The view from above... not talking penthouses. Satellite imagery is a hot commodity as companies and governments track everything from crop growth to shipping patterns (because: supply crisis). Planet Labs, the largest owner of low Earth orbit satellites (LEOS), saw its revenue surge to a record $37M last quarter. (We’ll see its latest numbers when it reports Tuesday.) While Planet is worth just $1B, growing demand for satellite imagery and internet (think: SpaceX’s StarLink) could help the LEO sector grow in the next decade.