Welcome to our dedicated page for Planet Labs Pbc news (Ticker: PL), a resource for investors and traders seeking the latest updates and insights on Planet Labs Pbc stock.
Planet Labs PBC reports news on its Earth-imaging satellite business, including global daily imagery, geospatial data products, and software-based insights for commercial and government customers. Recurring updates cover financial results, enterprise and government contracts, satellite services, and the use of PlanetScope imagery, high-resolution tasking, and professional services in monitoring workflows.
Company developments also include Pelican satellite launches, Tanager spacecraft initiatives, onboard AI and edge-computing capabilities, and capital-structure actions such as the completed redemption and delisting of public warrants while Class A common stock continues to trade under PL.
Planet Labs (PL) reported record second quarter fiscal 2027 revenue of $116.1 million, up 58% year-over-year, and delivered adjusted EBITDA profit of $13.9 million, while GAAP net loss narrowed to $9.4 million. Cash, cash equivalents and short-term investments reached $865.4 million, up 219% year-over-year.
Non-GAAP gross margin was 59% versus 61% a year earlier. Recurring ACV was 98%. Remaining performance obligations totaled $753.1 million and backlog was $814.9 million. Year-to-date adjusted free cash flow was $28.8 million. Planet also raised about $120 million via its at-the-market equity program.
Recent business wins include an $8 million NGA award, a German government satellite services tender with maximum possible value of €25 million over five years, a national imagery program with Rwanda, renewals with New Mexico and a hyperscaler AI developer, and multiple AI and data partnerships. Operationally, Planet launched the Pelican-11 demo satellite, shipped Tanager-2 and 18 SuperDoves for an upcoming SpaceX launch, expanded manufacturing in Berlin, opened a London AI hub, and advanced its agentic AI application to open beta.
Planet (PL) announced a 7-figure, 1-year agreement with a European defense and intelligence customer. The contract provides access to Planet Mosaics and dedicated Professional Services support to deliver timely, actionable intelligence for operational planning across critical areas of interest.
The company highlights that defense and intelligence organizations globally use its high-frequency, scalable satellite solutions to address fast-evolving security environments. This new agreement follows prior engagements with the National Geospatial-Intelligence Agency, the Swedish Armed Forces, and the Defense Innovation Unit, and adds to Planet’s growing presence in the global defense sector.
Planet Labs (NYSE: PL) reported that its Tanager-2 hyperspectral satellite and 18 SuperDove satellites from Flock 4J have arrived at Vandenberg Space Force Base in California for launch on the upcoming SpaceX Transporter-18 rideshare mission.
According to Planet, Tanager-2 is designed to double the company’s hyperspectral capacity and halve revisit times for detecting methane super-emitters and other targets as part of its project with Carbon Mapper. The mission will augment Planet’s PlanetScope daily global monitoring, support expanding hyperspectral data offerings, and enable potential applications in climate, environmental, agricultural and infrastructure monitoring.
Keysight Technologies (NYSE: KEYS) announced that its Board of Directors has appointed Scott Reese as a director, effective immediately. He will serve as a Class I director with a term expiring in 2027, and will join the Board’s Nominating and Corporate Governance Committee and its Audit and Finance Committee.
According to Keysight, Reese most recently served as President and CEO of GE Vernova’s Electrification Software business, overseeing a $1.2 billion industrial software operation and contributing to GE Vernova’s IPO. He previously held senior roles at Autodesk and currently serves on the boards of Planet Labs PBC (NYSE: PL), Landis+Gyr, and AutoLOTO.
Planet Labs (NYSE: PL) and the Government of Rwanda launched a national satellite data program, Planet’s first of its kind in Africa. Managed by the Rwanda Space Agency, the program will provide Planet’s near-daily imagery to government agencies, public universities, selected startups, and strategic development partners.
The data will support agriculture and food security monitoring, forest health tracking, urban planning, and disaster planning and response. Universities will use the imagery for Earth Observation training and research, while eligible startups will leverage daily feeds to advance projects aligned with Rwanda’s national development priorities.
Planet (NYSE:PL) will release its fiscal second quarter 2027 financial results, for the quarter ended July 31, 2026, after market close on Thursday, September 3, 2026. Management will host a webcasted conference call at 5:00 p.m. ET / 2:00 p.m. PT the same day via Planet’s Investor Relations website.
Planet Labs (NYSE: PL) announced that Planet Labs Germany has been selected for a 7‑figure award from the Scottish Government’s Agricultural and Rural Economy Directorate. Under a one-year agreement, secured via reseller Computacenter, Planet will supply PlanetScope satellite data and advanced, AI-enabled analytics.
The services are intended to support Scotland’s Agricultural Reform Route Map by informing sustainable food production, biodiversity enhancement, and carbon emissions reduction. The collaboration, which runs through 2026, will explore continuous landscape monitoring to track ecological progress and expands Planet’s public-sector customer base across the United Kingdom.
Planet Labs (NYSE: PL) has opened a new office in central London through Planet Labs UK, establishing a national hub for AI and analytics partnerships and customer engagement. The Soho location is close to Westminster and Whitehall, supporting deeper interaction with UK policymakers and agencies including the MoD, DSIT, DBT and NATO representatives.
According to Planet, the UK team has grown to over 30 employees across leadership, engineering, sales and support, with plans to expand hiring from the country’s space, data science and AI communities. The London office joins a wider European network with headquarters and an upcoming satellite manufacturing facility in Berlin, additional offices in Haarlem, Ljubljana and Graz, and ground stations in the UK, Germany, Iceland and Norway that handle nearly 50% of Planet’s data downloads.
Planet Labs (NYSE: PL) announced the successful launch of Pelican-11, a technology demonstration satellite for its second-generation high-resolution Pelican fleet. Launched on SpaceX’s Transporter-17 from Vandenberg, the satellite is in orbit, initial contact is confirmed, and commissioning has begun.
Pelican-11 will validate new technologies for future Gen 2 Pelicans, designed for up to 30 cm class imagery, improving on Gen 1’s 50 cm class. As an engineering pathfinder, it supports Planet’s Agile Aerospace approach but is not expected to produce commercial data. Planet plans additional Pelican launches over the next year.
Planet (NYSE:PL) appointed Wolfgang Schmidt, former Head of the German Chancellery, to its European Advisory Board as it expands in Europe.
Schmidt’s governance and policy experience will support plans for a new advanced satellite manufacturing facility in Berlin, Planet’s planned European center for satellite production and a hub for New Space activity.