Key Points Planet Labs reported second-quarter earnings results in September that were significantly better than expected. Revenue surpassed analysts' forecasts, and the company saw a substantial increase in its backlog. Planet Labs raised its revenue guidance for both the third quarter and the full fiscal year. 10 stocks we like better than Planet Labs Pbc › Shares of Plant Labs (NYSE: PL) jumped 83.1% higher in September, according to data provided by S&P Global Market Intelligence. During the ...

Core Insights - Planet Labs PBC has announced the arrival of its Pelican-5 and Pelican-6 satellites along with 36 SuperDoves of Flock 4H at Vandenberg Space Force Base in California, in preparation for the upcoming Transporter-15 Rideshare mission with SpaceX [1] Company Developments - The company is experiencing significant demand for its high-resolution data, which is driving the growth of its satellite constellations [1]

Industry Overview - The satellite economy is experiencing rapid growth, with low Earth orbit (LEO) activity projected to reach $11.81 billion in 2025 and nearly double to $20.69 billion by 2030, reflecting an annual growth rate of 11.9% driven by demand for high-resolution Earth data, real-time analytics, and more efficient launch cycles [1] Company Performance - Planet Labs (PL) has seen its stock nearly triple in 2025, with an increase of approximately 460% over the past 52 weeks, indicating strong market confidence as execution improves [2] - In its latest quarterly report, Planet Labs reported a 20% year-over-year revenue growth, achieving a record $73.4 million in sales, supported by expansion plans in Berlin and a growing government portfolio [3][6] - The company specializes in daily Earth data and intelligence, with its stock up 214% year-to-date and 467% over the past 52 weeks, currently priced at $12.81 [4] Financial Metrics - Planet Labs, valued at $3.67 billion, has a price-to-sales (P/S) multiple of 15.07x and a price-to-book (P/B) ratio of 7.87x, significantly higher than sector medians of 1.67x and 3.25x, indicating strong investor demand for growth [5] - The most recent earnings report showed a gross margin of 58%, up from 53% in the previous year, and a non-GAAP gross margin of 61%, reflecting efficiency gains [6][7] - The company reported a narrowed net loss of ($22.6) million compared to ($38.7) million last year, alongside a positive adjusted EBITDA of $6.4 million, improving from a loss of ($4.4) million a year ago [7]

Core Insights - Growing global demand for commercial satellites, especially for communications and climate monitoring, is driving investor interest in space-focused companies like Rocket Lab USA (RKLB) and Planet Labs PBC (PL) [1] - Increased government spending on advanced space-based defense capabilities is further propelling the space economy [1] Summary for Rocket Lab (RKLB) - Recent Achievements: In September 2025, RKLB delivered two Explorer-class spacecraft to NASA for the ESCAPADE mission, showcasing its role in advanced scientific research [4]. In August, RKLB opened Launch Complex 3 for its Neutron rocket and completed its 70th Electron launch, reinforcing its leadership in responsive space operations [5] - Financial Stability: As of the end of Q2, Rocket Lab had cash and cash equivalents of $688 million, with current debt at $17 million and long-term debt at $415 million, indicating a solid solvency position [6] - Challenges: High operating expenses due to investments in next-generation technologies like the Neutron rocket may lead to continued losses in the short run, as costs have outpaced revenue growth [7] Summary for Planet Labs (PL) - Recent Achievements: In September 2025, Planet Labs announced the production of next-generation Pelican satellites in Germany, enhancing its presence in the European market [8]. The company also made data products from its Tanager-1 satellite available, including new offerings to track greenhouse gas emissions [9] - Financial Stability: Planet Labs ended Q2 of fiscal 2026 with cash and cash equivalents of $278 million, with no current or long-term debt, allowing for continued investment in agile space missions [11] - Challenges: Planet Labs is still in a growth phase and has not achieved consistent profitability, facing high R&D expenses and market uncertainties regarding demand for satellites and data products [12][13] Comparative Analysis - Sales Estimates: The Zacks Consensus Estimate for Rocket Lab's 2025 sales suggests a 34.7% increase year-over-year, while Planet Labs' fiscal 2026 sales are expected to improve by 16.6% [14][15] - Stock Performance: Over the past year, PL shares have surged 434%, outperforming RKLB's 376.8% increase [18] - Valuation: Planet Labs has a forward sales multiple of 9.00X, significantly lower than Rocket Lab's 28.67X [19] Conclusion - Rocket Lab is positioned as the stronger contender due to its diverse offerings and consistent launch record, despite Planet Labs' stock outperformance and discounted valuation [22]. Rocket Lab's cash reserves of $688 million provide a better foundation for long-term growth compared to Planet Labs [23]

Group 1 - Planet Labs, based in California, is establishing its first satellite production site outside the U.S. in Berlin [1] - The company is investing an eight-figure sum in this venture, which will enable it to double its high-resolution satellite production capacity [1]

We recently published Market in Pain? Not For These 10 Celebrating Stocks. Planet Labs PBC (NYSE:PL) is one of the top performers on Tuesday. Planet Labs saw its share prices soar to a new all-time high on Tuesday, as investor sentiment was boosted by the commercial availability of data products that aim to support analyses of the Earth’s surface and atmosphere. In intra-day trading, Planet Labs PBC (NYSE:PL) rose to its highest 52-week price of $12.13 before paring gains to end the day just up by 8.46 p ...

We recently published 10 Stocks That Made Millionaires in Just a Week. Planet Labs PBC (NYSE:PL) is one of the best performers in last week’s trading. Planet Labs climbed by 49.77 percent week-on-week as investors took heart from an investment company’s price target and rating upgrade for its stock. In a market note earlier in the week, Planet Labs PBC (NYSE:PL) earned a new price target of $11 from investment firm Craig-Hallum, higher than the $9 previously. It also maintained a “buy” recommendation for ...

The space-based geographic data provider had several good pieces of news to report.Investors very much wanted to colonize Planet Labs' (PL 1.14%) stock over the past few trading days. Thanks largely to encouraging quarterly results published by the company, which provides detailed geographic information about Earth culled from satellites, it had a banner week in the equity market. According to data compiled by S&P Global Market Intelligence, its share price ballooned by almost 50% in that time frame.A satel ...

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL) today announced the closing of $460,000,000 aggregate principal amount of 0.50% Convertible Senior Notes due 2030 (the "notes†), including the exercise in full of the option granted to the initial purchasers to purchase up to $60,000,000 aggregate principal amount of notes. Planet CFO and President Ashley Johnson, said: "The closing of this offering represents another step in building a sustainable, high-impact business for the long-term. ...

Group 1 - Planet Labs PBC (NYSE:PL) shares reached an all-time high of $10.08, closing up 7.8% at $9.67 after a price target and rating upgrade from Craig-Hallum [1][2] - Craig-Hallum raised its price target for Planet Labs from $9 to $11 while maintaining a "buy" recommendation, citing strong performance across military, maritime, agriculture, and wide area monitoring sectors [2][3] - The company is optimistic about its expansion beyond imagery, leveraging artificial intelligence for object detection and changes, and launching high-resolution Pelican satellites [3] Group 2 - Planet Labs announced plans to raise $300 million through the issuance of senior convertible notes to qualified institutional buyers for general corporate purposes [3] - The convertible notes will have semi-annual interest payments and will mature on October 15, 2030, unless redeemed, converted, or repurchased earlier [4]