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]

Core Insights - Planet Labs PBC has released first light images from its Pelican-3 satellite, showcasing its capabilities in providing daily data and insights about changes on Earth [1] - The images were captured on September 5, 2025, from an altitude of 458 km, indicating the satellite's operational status [1] - Image quality is expected to improve as the spacecraft completes its instrument calibration and reaches its final operational orbits [1] Company Developments - The Pelican-3 and Pelican-4 satellites were launched on SpaceX's Falcon 9 NAOS mission on August 26, 2025, marking a significant milestone for the company [1] - The launch and subsequent imaging capabilities enhance Planet Labs' position in the satellite data industry [1]

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced Scott Reese has been elected to Planet's board of directors by stockholder written consent, to be effective later this year. Mr. Reese is the Chief Executive Officer of the Electrification Software business at GE Vernova (NYSE: GEV), a $150 billion plus market capitalization purpose-built global energy company. "I'm thrilled to welcome Scott to our board,†said. ...

CHONGQING, CHINA - SEPTEMBER 4: In this photo illustration, a smartphone shows the logo of Planet Labs PBC (NYSE: PL), a U.S. company specializing in Earth imaging and geospatial solutions, with the company's latest stock market chart seen in the background on September 4, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)Getty ImagesPlanet Labs (NYSE:PL), the Earth-imaging and geospatial analytics company based in San Francisco, has evolved from a specialized satellite operator into a ...

Core Viewpoint - Planet Labs PBC has announced the pricing of $400 million in 0.50% Convertible Senior Notes due 2030, increasing the offering size from the previously announced $300 million [1] Group 1 - The offering is targeted at qualified institutional buyers under Rule 144A of the Securities Act of 1933 [1] - The notes will mature in 2030, indicating a long-term financing strategy for the company [1]

Planet Labs PBC PL reported better-than-expected second-quarter fiscal 2026 results, driven by record revenue growth and raised guidance.Revenue rose 20% from a year earlier to $73.39 million, above analyst estimates of $65.74 million. The company reported a GAAP net loss of $22.6 million, or 7 cents per share, compared with a loss of $38.7 million, or 13 cents per share, a year ago.On a non-GAAP basis, net loss per share was 3 cents, beating expectations for a 4-cent loss. Adjusted EBITDA was $6.4 million, ...

Core Viewpoint - Shares of Planet Labs, an Earth imaging company, experienced a significant increase following the announcement of a narrower-than-expected loss for the second quarter [1] Company Summary - Planet Labs reported a second-quarter loss that was less than analysts had anticipated, contributing to a surge in its stock price [1]

Core Insights - Planet Labs specializes in satellite imagery and data analytics services, operating in the space technology sector and competing with companies like Maxar Technologies and BlackSky [1] Financial Performance - On September 8, 2025, Planet Labs reported an earnings per share (EPS) of -$0.03, matching estimates, while generating revenue of approximately $73.39 million, exceeding the estimated $68.86 million [2] - Following the announcement of its second-quarter financial results for 2026, Planet Labs experienced a stock surge of 38%, reaching $9.04, with a 20% year-over-year revenue increase to a record $73.39 million, surpassing the analyst consensus estimate of $65.74 million [3] Contracts and Growth Potential - Planet Labs secured significant contracts with global defense and intelligence agencies, including a €240 million contract funded by Germany, which features a multi-year, eight-figure annual renewal for data and AI services, indicating potential future revenue growth [4][6] Financial Metrics - Despite a negative price-to-earnings (P/E) ratio of approximately -29.86, Planet Labs maintains a low debt-to-equity ratio of about 0.04, indicating conservative debt use, and a current ratio of approximately 1.75, suggesting good liquidity to cover short-term liabilities [5]

Planet Labs PBC PL shares dropped in Monday’s after-hours trading after the company announced a private offering of $300 million convertible senior notes due 2023. PL stock is challenging resistance. Check the fundamentals here.The Details:  Planet said it also expects to grant the initial purchasers of the notes an option to purchase up to an additional $45 million aggregate principal amount of the notes solely to cover over-allotments.Read Next: Opendoor’s Meme Stock Mania Gets Comedic TwistThe company pl ...