Planet Labs is experiencing a sharp growth inflection, with Q3 2026 revenue up 33% y/y and backlog surging 216% to $734.5 million. PL's Satellite Services model drives capital efficiency, shifting from CAPEX-heavy to capital-light growth and enabling high-margin, recurring revenue streams through long-term contracts. Profitability has turned a corner, with four consecutive quarters of positive ...
Planet Labs (PL) climbed +12% on January 12, 2026, in response to the announcement of a multi-year, low nine-figure agreement with the Swedish Armed Forces. The stock gapped up on substantial volume, breaking through recent resistance.
Planet Labs (NYSE:PL) shares jumped nearly 12% to about $25 after the company announced a new multi-year, nine-figure agreement with the Swedish Armed Forces to provide satellites, space-based data, and awareness solutions to support Sweden's military and security operations. Under the agreement, Sweden will own a suite of Planet satellites and will have access to the company's high-resolution ...
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC, a leading provider of daily data and insights about change on Earth, today announced a multi-year low 9-figure agreement with the Swedish Armed Forces to rapidly deliver a suite of satellites, space-based data and awareness solutions to support the country's peace and security operations. This agreement marks Planet's third Satellite Services con...
Planet Labs' ability to image the entire planet daily gives it a distinct competitive advantage. Revenue levels are at less than 1% of its estimated total addressable market.
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