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San Francisco-headquartered Planet Labs (PL) tanked on Friday morning after the company issued full-year guidance that disappointed some growth-hungry investors. The satellite imagery specialist posted a record Q1 revenue of $94.2 million and scaled its backlog further, but structural margin adjustments and capital allocations underwhelmed short-term traders.
Planet Labs' stock had risen eightfold over the last year before a recent decline. The market priced the stock for perfection, and today's Q1 results were excellent, but not "perfect.
Planet Labs PBC (NYSE:PL) delivered a strong fiscal first-quarter 2027 performance that prompted analysts to raise expectations for the satellite imaging company, but investors looked past the upbeat results on Friday, sending the stock sharply lower amid dilution concerns and a broader selloff in space stocks.
PL delivers record Q1 revenues and a bigger backlog, but losses persist. The company also guided a strong FY 2027.
Stocks are firmly lower amid a tech selloff and rising bond yields, with the Nasdaq down over 500 points
Planet Labs (NYSE:PL) reported first-quarter fiscal 2027 revenue and earnings above Wall Street estimates on Friday, with its defense and intelligence segment growing more than 65% year-over-year, though shares fell more than 19% in morning trading. The satellite imagery company posted revenue of $94.2 million for the quarter, up 42% from a year earlier and ahead of analyst estimates of $90 million and the company's own guidance range of $87 million to $91 million.
Planet Labs posted better-than-expected sales and earnings in fiscal Q1 and also raised its full-year guidance. Investors have been selling out of space tech stocks ahead of SpaceX's upcoming IPO and in response to last week's Blue Origin explosion.
Planet Labs PBC (NYSE:PL) shares are trading lower Friday after the company reported first-quarter financial results on Thursday after the market closed. The company also filed a prospectus for a common stock offering of up to $1.5 billion shares.
The space economy stock is going through major ups and downs along with the rest of the industry.
Planet Labs (NYSE:PL) reported first-quarter fiscal 2027 revenue and earnings above Wall Street estimates on Friday, with its defense and intelligence...
Planet Labs PBC (PL) Q1 2027 Earnings Call Transcript
Planet Labs PBC NYSE: PL reported record first-quarter fiscal 2027 revenue and raised its full-year sales outlook, citing strong demand from defense and intelligence customers, international governments seeking sovereign space capabilities, and expanding use of its AI-enabled geospatial products.
Planet Labs PBC (PL) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago.
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about change on Earth, today announced financial results for the period ended April 30, 2026. “Planet's excellent start to the year is a testament to the mission-critical nature of our data in an increasingly complex world,” said Will Marshall, Planet's Co-Founder, Chief Executive Officer and Chairperson. “Planet is executing with speed and focus, evidenced by th.
Space stocks are catching a strong updraft in midday trading. Virgin Galactic (NYSE:SPCE) stock is up 14% to $4.87, while Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) stock is climbing 6% to around $122.
[url="]Planet Labs PBC[/url] (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced two significant contract mileston
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced two significant contract milestones with the National Geospatial-Intelligence Agency (NGA) that deepen the company's role in supporting global security. Planet's subsidiary, Planet Labs Federal, Inc., has been awarded an Option Year 1 extension for its Maritime Domain Awareness (MDA) and a new contract for Global Monitoring Service (GMS) to support ong.
PL is set to report Q1 earnings on June 4 with expected $89.8M revenue (+35.5%) but a loss of 3 cents.
Planet Labs (NYSE:PL) is trading in record territory ahead of earnings due out after Thursday's close, June 4.
Space stocks are splitting hard in Tuesday's session. Virgin Galactic (NYSE:SPCE) stock is crashing 32% to around $5.08 in mid-morning trading, while AST SpaceMobile (NASDAQ:ASTS) stock climbs 10% to around $116 and Planet Labs (NYSE:PL) stock advances 9% to around $50.50.
Planet Labs (NYSE: PL) stock has been firing on all cylinders and has continued to beat most companies in the space industry. It has jumped by 695% in the last 12 months and by 135% this year.
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced that Pelican-11, the tech demonstration satellite of the second generation (Gen 2) of its high-resolution Pelican™ fleet, has shipped to Vandenberg Space Force Base in California ahead of its launch aboard the upcoming Transporter-17 rideshare mission with SpaceX. Planet's first generation (Gen 1) Pelicans are designed to capture 50 cm class resolution.
The space sector split is widening fast Monday morning. Virgin Galactic (NYSE:SPCE) stock is up 18% to $7.28, while launch-exposed peers are sliding hard.
Economic releases this week will spotlight employment—in both the JOLTS and the jobs report—and business purchasing activity. Palo Alto, Dollar General, and Lululemon will close out this earnings season.
In order to buy SpaceX, investors must buy X and xAI as well at the SpaceX IPO. Rocket Lab, Planet Labs, and Voyager Technologies offer purer-play ways to invest in space.
A Blue Origin New Glenn rocket exploded on its launch pad last night. Planet Labs does not use Blue Origin for satellite launches.
Planet Labs PBC operates a global network of small satellites capturing daily, high-resolution Earth imagery. PL's subscription-based model serves governments, agriculture, insurance, energy, environmental, and financial sectors with time-series data. Rising geopolitical tensions have increased the strategic value of PL's data, especially for defense and intelligence clients.
Shares of Intuitive Machines (NASDAQ:LUNR) are up 9% in mid-morning trading Thursday, while Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) stock is down 3% and Planet Labs (NYSE:PL) stock is lower by 2%.
Space is becoming increasingly important to national security, and these two companies could become big winners as a result.
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC has been selected as a recipient of a John Deere supplier Sustainability award for 2025. The award is presented to a select group of suppliers globally who have demonstrated a strong performance in Sustainable processes, products, or operations. The Award selections are focused on three key areas – Emissions (GHG reductions projects), Product Circularity (Recyclability, Recycled materials, sustainable materials), and/or social improvement focus (L.
Top space-related stocks are in a strong bull run this year, helped by the elevated demand from retail and institutional investors. Planet Labs (NASDAQ: PL), Rocket Lab (NASDAQ: RKLB), and Intuitive Machines (NASDAQ: LUNR) have all jumped by either double or triple digits this year.
The SpaceX NASDAQ: SPCX IPO is dominating headlines, but Luke Lango of InvestorPlace says investors are looking at this story through too narrow a lens. The real trade isn't just one rocket company going public, it's a decades-long convergence of four separate business ventures into one AI-driven empire, and the stocks riding that wave are already starting to move.
Wall Street is buzzing over reports of SpaceX's supposedly imminent initial public offering. Market mavens point to a June, 2026 IPO, with the stock trading under the symbol SPCX on Nasdaq.
PL nears profitability with strong 2026 guidance, leaning on efficiency, tighter costs and higher-margin analytics and software integration.
BKSY stock surges 143% YTD, secures up to $160M in wins and guides for 2026 revenue growth above 50% and 80% gross margin.
Inside: five software stocks that map which businesses survive the AI Boom and which ones do not
Pure-play commercial space stocks are getting hit hard at midday on Tuesday. Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) is down 9%, Planet Labs (NYSE:PL) is off 6%, and Intuitive Machines (NASDAQ:LUNR) has slipped 5%.
Prediction market traders on Polymarket now assign a 92% probability that SpaceX completes its IPO by June 30, 2026, with a $1.5 trillion-plus valuation in play.
Nvidia dominates artificial intelligence (AI) on Earth - and it should do the same for AI in space.
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today released first light images from its latest Pelican launch, including the Swedish Armed Forces (SwAF)'s first ever sovereign satellite. Planet launched these three Pelican spacecraft to orbit aboard the CAS500-2 rideshare mission with SpaceX from Vandenberg Space Force Base in California on May 3, 2026. Planet received high-resolution first light imagery from th.
BERLIN--(BUSINESS WIRE)--Planet Labs Germany, a leading provider of daily data and insights about change on Earth, today announced Planet's subsidiary Sinergise Solutions d.o.o. has signed a 2-year, 7-figure contract to provide satellite imagery and AI-powered analytics to the State Agricultural Intervention Fund (SZIF) of the Czech Republic. This deal will support the country-wide agricultural payments and monitoring system. By integrating Planet's high-frequency satellite data with AI analyti.
If you have ever tried to buy “space exposure” through an ETF, you have probably noticed the same trick.
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about change on Earth, today announced that it plans to release its fiscal first quarter 2027 financial results for the quarter that ended April 30, 2026, after market close on Thursday, June 4, 2026. Planet's management will host a conference call to discuss the financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT the same day. Planet invites you to listen to the conference.
BERLIN--(BUSINESS WIRE)--Planet Labs Germany, a leading provider of daily data and insights about change on Earth, today announced a 2-year, 7-figure agreement with the Greek government to support the country's National Satellite Space Project. Signed through the European Space Agency (ESA) on behalf of the Hellenic Ministry of Digital Governance and the Hellenic Space Center, this contract includes numerous data offerings, including near-daily medium-resolution imagery and high-resolution task.
Space analytics company HawkEye 360 set its initial public offering (IPO) price at $26 on Wednesday. The Herndon, Virginia-based company sold 16 million shares, which is expected to raise about $416 million. HawkEye is expected to begin trading on Thursday on the New York Stock Exchange under the ticker symbol "HAWK." A Strategic Move The offering consists entirely of newly issued common shares being sold by HawkEye 360. The company said the $416 million figure is before underwriting fees and other costs tied to the deal. Underwriters also received a 30-day ability to buy up to 2.4 million additional shares at the IPO price, minus underwriting discounts and commissions. That provision could expand the share count sold if exercised. The offering was underwritten by Goldman Sachs, Morgan Stanley, RBC Capital Markets, Jefferies and BofA Securities. Growing Demand for Space Intelligence Several major developments are underway in the industry. The White House rolled out the National Initiative for American Space Nuclear Power, SpaceX's potential record setting IPO is capturing massive investor attention, and NASA's Artemis II mission successfully brought astronauts back from deep space for the first time in more than five decades. Planet Labs PBC (NYSE: PL) shares have experienced a significant uptick in stock value, reflecting the overall rising tide in the space ecosystem as firms gear up for their own public offerings. IPO Market Is Growing HawkEye's debut comes amid signs of recovery in the U.S. IPO market following a volatile start to 2026. X-Energy Inc. (NASDAQ: XE) debuted on April 24, with shares opening at $30.11, up 31% from the $23 IPO price after the company raised about $1.02 billion in an upsized offering. Aevex Corp. (NYSE: AVEX) jumped 35% in its April 17 NYSE debut after raising $320 million, highlighting strong investor appetite for defense-linked companies. SoftBank Group Corp. is also preparing for a major market move, targeting a 2026 IPO for Roze AI, its autonomous robotics venture for data center construction, at a potential valuation of up to $100 billion. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.
The rally in AI stocks isn't broadening - it's concentrating. New data shows capital flowing into fewer winners across semiconductors and infrastructure.
Planet Labs is up 87.5% YTD and is trading above key SMAs. However, a premium valuation and continued losses temper its $900M backlog and FY2027 guidance.
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that the Company has completed the redemption of its outstanding public warrants (the “Public Warrants”) to purchase shares of the Company's Class A common stock, par value $0.0001 per share (the “Class A common stock”), that were issued under the Warrant Agreement, dated March 4, 2021 (the “Warrant Agreement”), by and between the Company and Continental Stock T.
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced the successful launch of three additional Pelican satellites, one of which is the first satellite to orbit as part of the recently-announced satellite services agreement with the Swedish Armed Forces (SwAF). The spacecraft were launched to orbit aboard the CAS500-2 rideshare mission with SpaceX from Vandenberg Space Force Base in California. Planet has.
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced its plans to design a specialized version of the Tanager spacecraft. Together with Carbon Mapper, and with support from the Jet Propulsion Laboratory (JPL), Planet plans to architect this cutting-edge spacecraft as a specialized iteration of Tanager, designed to solely target shortwave infrared (SWIR) light, and to capture five times the area coverage.
The core insight behind what we call the Orbital Compute thesis is elegantly simple: Terrestrial infrastructure is resource-bound. Orbital infrastructure is technology-bound.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Planet Labs PBC (NYSE:PL) is up “way too much” and is just going higher.
Planet Labs is upgraded to a 'Buy' with a $48.11 price target, reflecting strong government and defense-driven growth. Q4 revenues hit a record $86.8 million, with 59% full-year gross margins and positive EBITDA and free cash flow, though margin compression is expected. FY27 guidance projects 35%-43% sales growth but lower gross margins (50%-52%) and flat-to-lower EBITDA as investments ramp up.
Rocket Lab and Planet Labs are well-positioned to benefit from the excitement surrounding the SpaceX IPO.
Planet Labs is transitioning from a data provider to a real-time geospatial intelligence platform, leveraging AI-powered, in-orbit analytics for higher-margin, recurring revenue. PL's Pelican-4 satellite demonstrates onboard AI object detection, enabling near-instant actionable insights and positioning the company for defense and intelligence contracts. Recent warrant redemption cleans up PL's capital structure, potentially improving liquidity and removing dilution overhang as shares trade near $40.
In 20 years of investing, I can't recall an IPO generating this level of strategic noise across so many asset classes at once. SpaceX's valuation has ramped from roughly $350 billion in May 2025 to $800 billion by December 2025 to $1.25 trillion by February 2026, with a targeted $1.8 trillion at IPO. Prediction markets... 5 Ways to Profit From SpaceX's $1.8 Trillion IPO, From Safe to Speculative
SpaceX confidentially filed for its IPO on April 1, and quickly raised its target valuation above $2 trillion.
Iranian Deputy Foreign Minister Saeed Khatibzadeh has said that Tehran is not prepared to restart in-person negotiations with U.S. officials, arguing Washington is sticking to "maximalist" terms that block progress.
Space‑focused companies are rallying after several major developments hit the industry at the same time. The White House rolled out the National Initiative for American Space Nuclear Power, SpaceX's potential record‑setting IPO is capturing massive investor attention, and NASA's Artemis II mission successfully brought astronauts back from deep space for the first time in more than five decades.
Stocks are pivoting into the black midday, as the Nasdaq goes for a 12th-straight win
