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 (NYSE: PL) is an Earth-imaging and geospatial data company that regularly issues news about its satellite launches, government contracts, AI-enabled solutions, and financial performance. As a provider of global, daily satellite imagery and geospatial solutions, Planet’s announcements often highlight developments across its SuperDove monitoring fleet, high-resolution Pelican constellation, and planned Owl next-generation monitoring satellites.
Investors and analysts following Planet Labs PBC can use this news feed to review updates on satellite deployments, such as the launch of Pelican-5 and Pelican-6 and dozens of SuperDoves on SpaceX rideshare missions, as well as first light imagery from newly commissioned spacecraft. The company’s releases also describe AI capabilities on board its satellites and initiatives to explore AI computing in space through projects that involve advanced processors.
Planet frequently reports on contracts and partnerships with government and commercial customers. Recent examples include a multi-year low 9-figure satellite services agreement with the Swedish Armed Forces, an 8-figure contract renewal with an international defense and intelligence customer, awards from the National Geospatial-Intelligence Agency and the U.S. Navy, and contracts with organizations such as NASA, the National Reconnaissance Office, NATO, AXA Digital Commercial Platform, and the Tennessee Department of Environment and Conservation.
In addition, Planet’s news covers financial results, including quarterly earnings releases, metrics such as recurring contract value and backlog, and capital markets activities like convertible note offerings. Readers can also find announcements about acquisitions, such as the purchase of Bedrock Research, and strategic partnerships, including collaborations with Quantum Systems and Google. This page brings together these updates so users can track Planet’s operational progress, customer relationships, and technology roadmap over time.
Planet Labs PBC (NYSE:PL) has scheduled the release of its fiscal first quarter 2025 financial results on Wednesday, June 4, 2025, after market close. The results will cover the quarter ended April 30, 2025. The company's management will host a conference call and webcast to discuss financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT on the same day.
Investors can access the live webcast through Planet's Investor Relations website (investors.planet.com). A replay will be available approximately two hours after the event. Pre-registration is required for both webcast and dial-in participation, with registration links provided for both options.
Planet Labs PBC (NYSE: PL) has secured a three-year contract with EMDYN, a European intelligence and security solutions provider. The agreement enables EMDYN to utilize Planet's near-daily global satellite imagery and taskable high-resolution SkySat satellites for monitoring activities across large geographical regions.
EMDYN will integrate Planet's satellite imagery with various intelligence data streams, including signals intelligence, ground-based sensors, and open-source data, within its proprietary Platform. The combined solution will power real-time early warning systems, situational awareness, and anomaly detection for applications in defense operations, national infrastructure monitoring, counter-terrorism, and risk mitigation.
Planet Labs PBC (NYSE: PL) has announced a multi-year expansion agreement with onX, a digital navigation provider for outdoor recreation. The partnership enables onX to access Planet's near-daily satellite data for their outdoor recreation apps, including onX Hunt, Offroad, Backcountry, and Fish.
Through this collaboration, onX has integrated Planet's bi-weekly mosaic data into their 'Recent Imagery' feature, which was recognized as one of TIME magazine's Best Inventions of 2023. The feature overlays satellite imagery on 2D and 3D elevation models, allowing users to monitor conditions like snowfall, seasonal changes, and environmental impacts.
Planet's satellite fleet provides twice-detailed imagery compared to other sources, covering Earth's landmass through their PlanetScope datastream. This partnership supports the U.S. outdoor recreation market, which generates $887 billion in annual consumer spending, supports 7.6 million American jobs, and contributes $125 billion in tax revenue.
Planet Labs PBC (NYSE: PL) has signed a new contract with the European Space Agency to support the Greek National SmallSat Programme, funded by the Recovery and Resilience Fund Greece 2.0. The agreement enables Greece to utilize Planet's PlanetScope data for developing downstream services for their national satellite program.
The Hellenic Space Center will coordinate Planet's satellite data integration across downstream projects. PlanetScope provides near-daily Earth landmass scanning at 3-meter resolution, offering a decade-long historical archive of Earth observation data.
This partnership aims to accelerate innovation in Greece's national space services and ensure effective integration with their national space assets. The contract was made possible through ESA's Third Party Mission programme, adding to Planet's growing portfolio of international government partnerships.
Planet Labs PBC (NYSE: PL) has released the first light images from its Pelican-2 satellite, captured on March 12, 2025, showing Thailand's Port of Laem Chabang from an altitude of 506 km. The satellite, launched on SpaceX's Transporter-12 Rideshare mission on January 14, 2025, joins Pelican-1 in Planet's next-generation fleet.
Pelican-2 features enhanced capabilities including:
- 6 multispectral bands optimized for cross-sensor analysis
- 50 cm tasked imagery with potential for 40 cm class imagery
- NVIDIA Jetson platform for on-orbit computing
- Reduced downlink latency
The satellite is currently undergoing commissioning and calibration work, with plans to lower it to operational altitude. Planet Labs intends to launch additional Pelican satellites this year to expand their high-resolution imaging capabilities for applications ranging from defense monitoring to disaster response.
Planet Labs PBC (NYSE: PL) reported its Q4 and FY2025 financial results, achieving record revenue and margin improvements. Q4 revenue grew 5% YoY to $61.6M, while full-year revenue increased 11% to $244.4M. The company reached its first-ever quarter of Adjusted EBITDA profitability at $2.4M.
Key highlights include a $230M commercial agreement with SKY Perfect JSAT for Pelican satellites, selection for NGA's Luno B IDIQ contract, and successful deployment of Pelican-2 and Tanager hyperspectral satellites. The company ended Q4 with 976 customers, 97% recurring revenue, and $222.1M in cash and equivalents.
Q4 gross margin improved to 62% from 55% YoY, while full-year margin rose to 57% from 51%. FY2025 net loss was $123.2M, improved from $140.5M in FY2024. For FY2026, Planet projects revenue between $260M-$280M with an expected Adjusted EBITDA loss of ($13M) to ($7M).
Syngenta and Planet Labs PBC (NYSE: PL) have expanded their multi-year strategic partnership to provide farmers worldwide with near-daily satellite imagery access through Syngenta's Cropwise digital agriculture platform. The collaboration integrates Planet's 3-meter resolution satellite imagery from their Dove constellation, enabling farmers to monitor crop health, detect pests, and identify diseases remotely.
The partnership enhances Syngenta's digital offering with advanced remote sensing capabilities, including Variability Index, Productivity Zones, NemaDigital, and Anomaly Detection. Syngenta will gain expanded access to Planet's high-resolution tasking data, PlanetScope satellite data, and Planet Insights Platform to develop new broad area management applications and advance precision agriculture research.
The initiative aims to help farmers make data-driven decisions while maintaining control over their information through sophisticated AI and machine-learning algorithms, ultimately promoting sustainable farming practices and improved crop yields worldwide.
Planet Labs PBC (NYSE: PL) has announced a partnership with Anthropic to utilize their advanced AI model Claude for analyzing satellite imagery data. The collaboration aims to combine Planet's extensive daily Earth observation dataset with Claude's sophisticated pattern recognition and reasoning capabilities.
The partnership focuses on transforming how satellite data is processed and understood, enabling near real-time pattern recognition and anomaly detection at a global scale. The integration could benefit various sectors, from government surveillance and agricultural optimization to firefighting and conservation efforts.
The announcement follows Planet's AI Symposium, where experts discussed the convergence of AI and Earth observation data. Both Planet and Anthropic, as Public Benefit Companies, emphasize their commitment to responsible innovation and technical advancement in AI and satellite data analysis.