Planet Labs Stock News

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced an 8-figure contract renewal with a longstanding international defense and intelligence customer for high-resolution imagery. This renewed agreement will provide the customer with access to Planet's Pelican and SkySat assured tasking capabilities, enab...

Planet Labs is benefiting from global conflicts and the AI boom, driving strong demand for advanced satellite imagery and analytics. PL's recurring subscription model, expanding customer base, and tailored satellite constellations underpin robust revenue growth and operational efficiency. Recent financials show improving profitability, positive cash flow, and a surging backlog, despite PL tradi...

The stock has soared more than 215% this year despite slides earlier this year.