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) 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.
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.