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 (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.
Planet (NYSE:PL) and Isar Aerospace signed a strategic launch agreement for a next-generation high-resolution Pelican satellite mission. The German-built satellite will launch on Isar's German-built Spectrum rocket from Andøya Space as early as late 2026.
The Pelican will be assembled at Planet’s new Berlin facility, part of an expansion that is expected to double Pelican production capacity and add up to 70 Berlin employees. Isar Aerospace is scaling its Munich-area factory to build up to 40 launch vehicles per year, supporting German and European sovereign space access.
Planet Labs (NYSE: PL) is highlighted within a sector-wide repricing of space stocks driven by the anticipated SpaceX IPO and new index inclusions. SpaceX is reported to target pricing near $135 per share, implying a valuation in the trillions and a potential raise of up to ~$75 billion.
Planet is described as a key Earth-observation and analytics player, representing the recurring-revenue, data-services layer of the orbital economy as investors gain new valuation benchmarks and broader exposure to space-related equities.
Planet (NYSE: PL) has joined Astroscale’s new Atmospheric Impact of Reentered Spacecraft (AIRS) initiative as a founding participant. This industry-academia collaboration with the University of Southampton will study chemical compounds released when satellites reenter and fragment in Earth’s atmosphere.
Planet will share non-proprietary manufacturing and material data from its large Earth observation fleet to support high-fidelity atmospheric models and evidence-based approaches to low Earth orbit (LEO) sustainability.
Planet (NYSE: PL) reported record Q1 FY2027 revenue of $94.2 million, up 42% year-over-year, with 99% recurring ACV. Remaining performance obligations rose 81% to $816 million and backlog 72% to over $906 million. Net loss was $138.9 million, including a $106.5 million warrant revaluation loss. Cash, cash equivalents and short-term investments grew 223% year-over-year to $730.8 million, aided by approximately $107.8 million of public warrant exercises. Q2 revenue is guided to $102–$107 million, and full-year FY2027 revenue to $425–$441 million, with adjusted EBITDA targeted between breakeven and a $10 million profit.
Planet (NYSE: PL) announced two new milestones with the National Geospatial-Intelligence Agency that expand its role in U.S. national security.
According to Planet, NGA exercised a one-year, $22 million option for AI-enabled Maritime Domain Awareness and awarded a new Global Monitoring Service contract for crisis response and defense monitoring.
Planet (NYSE: PL) has shipped Pelican-11, a tech demonstration satellite for its second-generation Pelican™ high-resolution fleet, to Vandenberg Space Force Base for launch on SpaceX’s Transporter-17 rideshare mission. Pelican-11 will test new technologies and inform future Gen 2 satellite designs, which target up to 30 cm class imagery, compared with Gen 1’s 50 cm class imagery. It is not expected to produce commercial data. Planet plans additional Pelican launches in 2026 and 2027 to support demand for sovereign satellite ownership and high-resolution data products.
Planet Labs (NYSE:PL) received a John Deere supplier Sustainability award for 2025. This recognition honors a select group of global suppliers for strong performance in sustainable processes, products, or operations.
The award focuses on emissions reduction, product circularity, and social improvement. Planet supplies satellite data that supports John Deere's precision agriculture technologies, aimed at improving field efficiency and sustainability. Employees accepted the award on April 16 in Moline, Illinois.
Planet Labs (NYSE: PL) released first light imagery from its latest Pelican launch, including the Swedish Armed Forces’ first sovereign satellite. Three Pelican spacecraft were launched May 3, 2026 on a SpaceX CAS500-2 rideshare from Vandenberg.
According to Planet, the AI-enabled, high-resolution constellation now includes nine Pelican satellites capable of ~50 cm-class imagery across six multispectral bands, with further Pelican launches planned in 2026.
Planet (NYSE:PL) announced that subsidiary Sinergise Solutions signed a 2-year, 7-figure contract with the Czech State Agricultural Intervention Fund (SZIF) for satellite imagery and AI-powered analytics.
The deal supports country-wide agricultural payments and monitoring for about 25,000 holdings and extends Planet’s work with European governments.