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 (NYSE:PL) will release fiscal Q1 2027 results for the quarter ended April 30, 2026, after market close on Thursday, June 4, 2026. Management will host a conference call and live webcast at 5:00 p.m. ET / 2:00 p.m. PT, with a replay available about two hours after the event.
Investors can pre-register for the webcast at the provided registration link and access the archived webcast on Planet's Investor Relations website.
Planet (PL) signed a 2-year, 7-figure agreement with the Greek government via the European Space Agency to support Greece’s National Satellite Space Project.
The contract provides near-daily medium-resolution imagery, high-resolution tasking, and access to over a decade of PlanetScope data and Professional Services to support land, agriculture, disaster response, forest and water monitoring, and national workflows. Funding comes from the Recovery and Resilience Fund Greece 2.0.
Planet (NYSE: PL) completed redemption of its public warrants on April 27, 2026, redeeming remaining unexercised warrants at $0.01 each. Of 9,162,223 public warrants outstanding, 9,090,913 were exercised for cash at $11.50 per share, producing aggregate cash proceeds of $104.5 million.
After redemption and exercises, no public warrants remain outstanding; Class A shares continue trading under PL.
Planet (NYSE: PL) launched three additional Pelican satellites on May 3, 2026, aboard a CAS500-2 rideshare with SpaceX and has begun commissioning after initial contact.
One satellite is the first deployed under a satellite services agreement with the Swedish Armed Forces, delivered roughly four months after contract signing. Gen 1 Pelicans capture 50 cm class imagery across six multispectral bands and include NVIDIA Jetson for on-orbit AI processing; Planet plans more Gen 1 and first Gen 2 Pelican launches in 2026 targeting up to 30 cm resolution.
Planet (NYSE: PL) and Carbon Mapper, with JPL support, agreed to design a SWIR-only Tanager spacecraft optimized for methane and trace-gas detection. The SWIR Tanager aims for a 100 km swath at 30 m GSD, five times the area coverage of other Tanager satellites, and a possible launch as early as 2028.
Planet also intends to build at least three additional VNIR-SWIR Tanagers and at least one SWIR Tanager to increase revisit and area coverage for commercial and emissions-monitoring uses.
Planet (NYSE: PL) successfully executed AI-driven object detection onboard its Pelican-4 satellite on March 25, 2026, using an NVIDIA Jetson Orin module. The detection ran in orbit over Alice Springs, Australia, producing an 80% detection accuracy on raw imagery while Planet refines model precision and recall.
This milestone enables in-orbit GeoTIFF and GeoJSON output and aims to cut insight latency from hours to minutes, supporting Planet’s Planetary Intelligence and near-real-time Global Monitoring Service capabilities.
Planet (NYSE: PL) shipped three Gen 1 Pelican satellites to Vandenberg Space Force Base on April 6, 2026, ahead of a CAS500/2 rideshare launch with SpaceX. The Gen 1 Pelicans capture 50 cm-class multispectral imagery and include NVIDIA Jetson edge AI to reduce latency and speed delivery of near real-time answers. Planet plans additional Gen 1 and Gen 2 Pelican launches through 2026, with Gen 2 targeting up to 30 cm-class resolution to improve revisit rates and low-latency tasking.
Planet (NYSE: PL) announced redemption of all outstanding public warrants to purchase Class A common stock for a Redemption Price of $0.01 per warrant, effective at 5:00 p.m. New York City time on April 27, 2026. Holders may exercise warrants until the Redemption Date at an exercise price of $11.50 per share. Any unexercised warrants will be delisted, void and only entitled to the Redemption Price (street-name holders should follow the redemption notice). Contact Continental Stock Transfer & Trust Company for questions about redemption and exercise.
Planet (PL) has begun recruiting German talent to staff a new satellite manufacturing facility in Berlin, with hiring starting in 2026 and up to 70 new employees expected to join an existing Berlin team of about 150. The facility will double production capacity for Planet’s next-generation Pelican high-resolution satellite fleet and builds on Berlin’s role as Planet’s European headquarters and Mission Control for its global fleet of about 200 satellites. The expansion aims to strengthen Germany’s aerospace ecosystem and Europe’s sovereign, AI-enabled Earth observation capabilities.
Planet (NYSE: PL) reported record fiscal 2026 results: $307.7M revenue (FY), $86.8M Q4 revenue (41% YoY), $640.1M cash and equivalents, and $852M RPOs (+106% YoY). The company generated $134.4M operating cash and $52.9M free cash flow, while full‑year adjusted EBITDA was $15.5M.
Planet noted a FY GAAP net loss of ($246.9M) including warrant revaluation impacts, provided FY27 guidance of $415M–$440M revenue, and expects continued investment in satellite services and AI-enabled analytics.