Planet Labs PBC

Planet Awarded NASA Commercial Satellite Data Acquisition (CSDA) Evaluation Task Order for Tanager Hyperspectral Data

Planet Labs Federal, a subsidiary of Planet Labs PBC, was awarded a NASA CSDA evaluation task order for its Tanager hyperspectral data, with NASA to assess more than 250,000 square kilometers of archive and newly tasked coverage. The evaluation spans Level 1C and Level 2A products from Tanager's imaging spectrometer across Earth science areas including atmospheric composition, biodiversity, hydrology, geology, and rapid wildfire and flood response. The milestone follows Tanager-2's October 1, 2026 launch and rapid first light, including detection of a methane plume over Spain's Costa Blanca. A NASA report at the evaluation's conclusion will inform whether Tanager data is made broadly available to federally funded researchers — a potential gateway to larger government demand.

•4d ago

Planet Launches Pelican-12 Satellite

Planet Labs successfully launched Pelican-12, a second-generation high resolution Pelican satellite, aboard SpaceX's Bandwagon-5 rideshare mission from Cape Canaveral, making initial contact and beginning commissioning. This is Planet's 25th satellite sent to orbit in 2026 across four launches, and the fifth Pelican this year — just over three months after Pelican-11, whose findings inform the updated payload and communication systems. Pelican-12 carries a prototype satellite-to-satellite communication package for SES Space & Defense's O3b mPOWER constellation and the NVIDIA Jetson platform for on-orbit AI inferencing, supporting potential commercial data relay services with lower latency. Gen 2 Pelicans are designed for up to 30 cm class imagery versus 50 cm for Gen 1, with Berlin production ramping this year and additional launches planned for 2027 to meet rising demand.

•5d ago

Planet Selected by European Space Agency to Build Slovenia’s Space Resilience Node

Planet's subsidiary Sinergise Solutions was selected by the European Space Agency to build the Slovenia Space Resilience Node, a 12-month pilot under ESA's European Resilience from Space program. The prototype will automate 'tip-and-cue' workflows, linking wide-area change detection from Copernicus and PlanetScope imagery to high-resolution tasking via Planet's Pelican fleet for Slovenia's civil protection agency. The pilot initially targets wildfire management across Slovenia's 20,000 square kilometers, with an architecture Planet says can scale to civil agencies across Europe. No contract value was disclosed.

•12d ago

Planet Launches Suncatcher, Tanager-2, and 18 SuperDove Satellites

Planet successfully launched 20 satellites aboard SpaceX's Transporter-18 rideshare mission, including the first Project Suncatcher demo satellite developed with Google, Tanager-2, and 18 SuperDoves. The Suncatcher prototype will run the first-ever in-space test of Google's Tensor Processing Units, exploring machine-learning compute in orbit, while Tanager-2 adds hyperspectral imaging with Carbon Mapper for methane detection and other applications. This marks Planet's 40th successful launch and brings its total to 718 satellites built and delivered on orbit, with initial contact already made with four of the spacecraft.

•23d ago

Planet’s Pelican-12 Satellite Arrives at Launch Site

Planet Labs' Pelican-12, a second-generation high-resolution imaging satellite, has arrived at Cape Canaveral ahead of launch on SpaceX's Bandwagon-5 rideshare mission. Pelican-12 ships less than three months after Pelican-11, carrying updated payload and communications systems, including a steerable antenna to enable higher-rate intersatellite data relay beyond the 1 Mbps demonstrated in 2025. It is the fifth Pelican launching in 2026 and features NVIDIA Jetson on-orbit edge compute; Planet plans more launches in 2027 and Berlin manufacturing starting this year to meet growing demand.

•0mo ago

Planet Announces Amazon.ia – A New Tool That Combines Satellite Data, Science and AI to Protect the Amazon

Planet Labs announced Amazon.ia – Inteligencia Ambiental, a multi-partner initiative combining Planet satellite imagery, ground data and AI to track biodiversity and ecosystem health across the Amazon. The Bezos Earth Fund granted more than $14M across the Andes Amazon Fund and World Resources Institute to support the work; Planet is a founding partner alongside more than two dozen organizations. The initiative showcases Planet's 'Planetary Intelligence' strategy, but the grant dollars flow to partner organizations rather than Planet, so the direct financial impact on the filer is limited.

•1mo ago

Planet Opens State-of-the-Art Satellite Manufacturing in Berlin

Planet Labs opened its state-of-the-art satellite manufacturing facility in Berlin, previewed by German Federal Minister Katherina Reiche, with production of its 300 kg-class, 30-cm resolution Pelican satellites scheduled to begin this autumn and the first unit complete before year-end. The 5,700-square-meter plant can scale to 60 satellites per year, and Planet will add 70 employees to its existing team of nearly 150 in Berlin, the company's European base for more than a decade. First Berlin-built Pelicans are slated to launch on an Isar Aerospace Spectrum rocket in early 2027, underpinning Planet's sovereign-capacity push that includes a German-funded dedicated-capacity contract delivered within two months of signature and Sweden's first sovereign satellite within four months. No financial terms or facility investment amount were disclosed; the milestone strengthens Planet's positioning for European sovereign Earth observation and defense demand.

•1mo ago

Planet Awarded Landmark German Federal Contract for Exclusive Access to Dedicated Satellite Constellation

Planet Labs has been awarded a Satellite Services tender by the German Federal Ministry of the Interior, making Germany the first civil government globally to acquire Planet's dedicated Constellation Services with exclusive very high-resolution satellite tasking. The Federal Agency for Cartography and Geodesy (BKG) will distribute the tasked imagery, Planet Mosaics, and geospatial analytics to German civil authorities via a secure, European-hosted SaaS platform designed to meet EU data privacy and information security standards. The tender includes options and has a maximum possible value of €25 million over 5 years, and Planet said the award does not change its previously issued financial guidance from September 3, 2026. Beyond the headline value, the win sets a public-sector procurement precedent for sovereign space infrastructure, builds on a BKG partnership dating to 2021 that already serves more than 400 German federal institutions, and coincides with Planet's new Berlin space campus expanding European satellite manufacturing capacity.

•1mo ago

PL: 10-Q · periodic report

Planet Labs PBC reported Q2 fiscal 2027 revenue of $116.1 million, up 58% year over year, driven by Defense & Intelligence revenue nearly doubling to $81.0 million and EMEA revenue jumping 135% to $55.2 million. Net loss narrowed to $9.4 million ($0.03 per share) from $22.6 million a year earlier, with gross margin holding at roughly 56.5%. The balance sheet was substantially fortified during the quarter: cash and equivalents reached $415.1 million plus $450.3 million in short-term investments, boosted by $122.4 million gross from ATM share sales and $107.8 million from Public Warrant exercises. Six-month operating cash flow was positive at $68.4 million, and remaining performance obligations stand at $753.1 million with about 46% expected to convert to revenue within 12 months. A key watch item is dilution: the conversion condition on the $460.0 million 0.50% convertible notes due 2030 was triggered as of July 31, 2026, making the notes convertible at holders' option from August 1 through October 31, 2026 at roughly $11.95 per share. Capped calls with an $18.04 cap mitigate but do not eliminate potential dilution, and the new $1.5 billion ATM program adds further potential share supply. Legal exposure is modest but present: a $11.0 million accrual sits against the pending Delaware class action settlement (awaiting definitive documents and court approval), and the company remains obligated to indemnify former officers and directors under the SPAC merger agreement.

SEC 10-Q•1mo ago

Planet Reports Financial Results for Second Quarter of Fiscal Year 2027

Planet Labs posted record Q2 FY27 revenue of $116.1 million, up 58% year-over-year, marking its fourth consecutive quarter meeting or exceeding the Rule of 40. Profitability improved sharply: GAAP net loss narrowed to $9.4 million from $22.6 million a year ago, adjusted EBITDA more than doubled to $13.9 million, and non-GAAP EPS turned positive at $0.02 versus ($0.03) on a GAAP basis. Cash, cash equivalents and short-term investments rose 219% YoY to $865.4 million, boosted by roughly $120 million of ATM stock sales at an average net $31.95 per share, while backlog reached $814.9 million with $753.1 million in remaining performance obligations. Guidance calls for FY27 revenue of $430-441 million with adjusted EBITDA of $3-10 million, though the Q3 outlook of $101-105 million implies a sequential revenue dip and an adjusted EBITDA loss following the profitable Q2.

•1mo ago

Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer

Planet Labs signed a 7-figure, 1-year agreement with a European defense and intelligence customer to supply Planet Mosaics and dedicated Professional Services support for operational planning. The deal builds on Planet's 2026 defense momentum, following an 8-figure NGA contract extension for maritime surveillance, a 9-figure agreement with the Swedish Armed Forces, and an award from the Defense Innovation Unit. At only a 7-figure size on a one-year term, the contract is incremental rather than transformative, but management framed it as evidence of growing global demand for Planet's geospatial data in defense and intelligence.

•1mo ago

Planet Ships Tanager-2 and 18 SuperDoves to Launch Site

Planet shipped Tanager-2 and 18 SuperDoves from the Flock 4J group to Vandenberg Space Force Base for the upcoming SpaceX Transporter-18 rideshare mission. The Tanager-2 satellite is designed to double Planet's hyperspectral capacity and halve revisit times for methane detection as part of the Carbon Mapper project, while the SuperDoves will reinforce the daily PlanetScope monitoring mission. This shipment marks the company's third launch of the year, reflecting continued progress in expanding its constellation capabilities.

•1mo ago

Planet and the Government of Rwanda Launch First-of-its-Kind National Satellite Data Program in Africa

Planet Labs PBC and the Government of Rwanda have launched a national satellite data program, the first of its kind in Africa. Managed by the Rwanda Space Agency, the initiative will provide Planet’s near-daily satellite data to government agencies, universities, and startups to support agriculture, forestry, urban planning, and disaster response. The program aims to serve as a blueprint for using daily satellite data to achieve national development goals.

•2mo ago

Planet Opens London Office, Expanding European Footprint

Planet Labs PBC announced the opening of a new office in central London, aiming to strengthen its role as a hub for AI and analytics partnerships and deepen engagement with UK government stakeholders. The company's UK operations have grown to over 30 employees, contributing to a European workforce that makes up over 30% of the company's global team and supports nearly 50% of its data downlinks. CEO Will Marshall emphasized the massive economic opportunity in downstream services, while UK Space Minister Liz Lloyd cited the expansion as a vote of confidence in the country's technology ecosystem.

•3mo ago

Planet Launches Pelican-11 Satellite

Planet Labs successfully launched Pelican-11, a technology demonstration satellite for its second-generation high-resolution fleet, aboard SpaceX’s Transporter-17 rideshare mission. The spacecraft serves as an engineering pathfinder to validate new hardware and calibration techniques in orbit, aiming to improve imagery resolution from 50 cm to 30 cm class. Pelican-11 will not produce commercially available data, but its success supports Planet’s plan to scale its high-resolution monitoring capacity over the next year.

•3mo ago

Wolfgang Schmidt, Former Head of German Chancellery, Joins Planet’s European Advisory Board

Planet Labs PBC appointed Wolfgang Schmidt, the former Head of the German Chancellery, to its European Advisory Board to support strategic expansion and policy navigation in the region. Schmidt brings extensive experience in German and European politics and intelligence services, aligning with Planet's plans for a new satellite manufacturing facility in Berlin. He joins a high-profile group of former European leaders and officials on the board to guide the company's growth and customer engagement.

•3mo ago

Planet and Isar Aerospace Partner to Launch First German-Built Satellite-Rocket Mission

Planet partnered with Isar Aerospace to launch its next-generation Pelican satellite on the Spectrum rocket, marking the first mission featuring both a German-built satellite and rocket. The launch is scheduled for late 2026 from Andøya Space, with both companies targeting the flight within 12 months of signing the agreement to demonstrate agile aerospace capabilities. Planet is expanding its Berlin manufacturing facility to double Pelican production capacity and plans to add up to 70 new employees to its existing team of 150.

•3mo ago

Planet Reports Financial Results for First Quarter of Fiscal Year 2027

Planet reported Q1 revenue of $94.2 million, up 42% year-over-year, while backlog grew 72% to over $906 million, providing strong visibility into future growth. The company ended the quarter with $731 million in cash, cash equivalents, and short-term investments, a 223% increase, bolstered by the redemption of public warrants which generated approximately $108 million. For the full fiscal year 2027, Planet expects revenue between $425 million and $441 million and guided to its first full year of Adjusted EBITDA profitability. Operationally, the company successfully launched three Pelican satellites, including Sweden's first sovereign reconnaissance satellite, and secured key contract extensions with the NGA and U.S. Navy.

•4mo ago

Planet Secures 8-Figure NGA Contract Extension for Maritime Surveillance and New Award for Crisis Response Monitoring

Planet Labs secured a $22 million one-year contract extension with the National Geospatial-Intelligence Agency (NGA) for its Maritime Domain Awareness (MDA) solutions. The company also won a new contract, in partnership with the Defense Innovation Unit (DIU), to provide Global Monitoring Service (GMS) for crisis response and situational awareness. These awards reinforce Planet’s role in U.S. national security, leveraging its PlanetScope constellation and AI-enabled analytics to deliver near-daily change detection to government agencies.

•4mo ago

Planet Signs 7-Figure Enterprise Contract to Power Greece’s National Satellite Space Project

Planet signed a 2-year, 7-figure agreement with the Greek government to support the country’s National Satellite Space Project. The contract, signed through the European Space Agency, includes near-daily PlanetScope imagery and high-resolution tasking capabilities for broad area monitoring. This engagement expands a pilot program into a nationwide operational contract supporting land management, agriculture, and disaster planning.

•5mo ago

Planet Announces Completion of Redemption of Public Warrants

Planet Labs PBC completed the redemption of its outstanding public warrants issued during its 2021 IPO, with 99.2% of the warrants exercised prior to the deadline. The exercise of 9,090,913 warrants at $11.50 per share generated $104.5 million in gross proceeds, while the remaining 71,310 warrants were redeemed for a nominal $0.01 each. Following the redemption date, all public warrants have been delisted and ceased trading, leaving the company with 332,899,400 shares of Class A common stock outstanding.

•5mo ago

Planet Launches Three Additional High-Resolution Pelican Satellites

Planet Labs successfully launched three additional high-resolution Pelican satellites, including the first unit for the Swedish Armed Forces under a recently announced 9-figure contract. Delivering the Swedish satellite just over four months after signing the contract accelerates their operational space power status by years compared to their original 2030 goal. The new Gen 1 Pelicans offer 50 cm resolution and feature NVIDIA's Jetson AI platform for on-orbit edge computing, with plans to launch higher-resolution Gen 2 satellites later in 2026.

•5mo ago

Planet and Carbon Mapper Sign Agreement for New Tanager Spacecraft

Planet Labs signed an agreement with Carbon Mapper and JPL to design a specialized SWIR-only version of its Tanager spacecraft, aiming to enhance methane and trace gas detection. The new iteration will feature a 100km imagery swath with 30-meter resolution while capturing five times the area coverage of standard Tanager satellites. Slated for launch as early as 2028, the spacecraft will support commercial applications such as mineral exploration and fire monitoring, complementing the existing Tanager-1 mission.

•5mo ago