Planet Labs PBC Class A (PL)

In August 2025, Planet Labs announced its fiscal second-quarter 2026 financial results and launched Pelican-3 and Pelican-4 satellites. In October 2025, Planet Federal was awarded a contract under the NGA's Luno B program, which negatively impacted the stock, and Citizens Jmp and JMP Securities lowered Planet Labs PBC's rating. In November 2025, Planet announced a contract renewal with an international defense and intelligence customer, partnered with Quantum Systems, and launched high-resolution Pelican-5, Pelican-6 satellites, and 36 SuperDoves. In December 2025, Planet released the first light image from its Pelican-6 satellite, reported record revenue for the third quarter of fiscal year 2026, acquired Bedrock Research, and initiated a research initiative with Google. In January 2026, Planet signed a deal with the Swedish Armed Forces, The Goldman Sachs Group reaffirmed a neutral rating, and an enterprise agreement with the Slovenian government was announced. In February 2026, Planet Labs PBC's stock price fell, but as of February 3, 2026, the share price represented a significant increase from the previous year.

Planet Labs PBC generally experiences robust growth in the Earth observation market, although there is some seasonality in specific segments like agricultural revenue, which reflects seasonal usage and the timing of deliverables. This seasonality is not considered a structural weakness, and Planet maintains a stable and embedded demand in this segment. The company's recurring revenue model provides strong revenue visibility and resilience.

Planet Labs PBC is an American Earth imaging company that operates in the space and geospatial solutions sector. The company designs, builds, and operates its own fleet of Earth observation satellites. Its products and services include satellite constellations such as SuperDove, Pelican, SkySat, and the upcoming Owl constellation, geospatial solutions and platform, and specific products like Planet Monitoring, Planet Tasking, Planet Analytic Feeds, Planetary Variables, Planet Basemaps, and Planet Insights. These solutions support decision-making across various sectors, including agriculture, forestry, intelligence, education, finance, and government agencies.

Planet Labs PBC has a global geographic footprint, serving customers worldwide. Its global headquarters are located in San Francisco, California, and it maintains a European headquarters in Berlin, Germany, with an office in Ljubljana, Slovenia, following the Sinergise acquisition. Planet Labs serves international defense and intelligence markets, as well as customers across Europe and the United States. The company plans to open a satellite manufacturing facility in Germany to meet growing European demand.

Planet Labs PBC operates as a public benefit corporation, which positively contributes to its brand reputation, particularly among ESG investors and customers. The company's core business of Earth observation inherently has positive environmental impacts, such as monitoring deforestation, climate change, water sustainability, and disaster response. Planet also has social commitments, including a human rights policy and providing data for NGOs. No specific negative events significantly impacted Planet Labs PBC's brand reputation in the past year.

Planet Labs PBC has a diverse ownership structure, with approximately 64.05% of its total shares held by institutional investors, 3.24% by company insiders, and 32.71% by other and public investors. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., and Alphabet Inc. Major individual owners include William Spencer Marshall, Ashley F. Johnson, and Kevin Weil.