Planet Labs PBC reported a record $116.1 million revenue in Q2 2027, marking a 58% year-over-year increase, driven by 98% recurring annual contract value and a narrowing net loss. The company is transitioning towards sustainable profitability with positive free cash flow. Its Defense & Intelligence segment now accounts for 70% of revenue, supported by a $4 billion pipeline and unique daily global satellite scanning capabilities. The upcoming Owl satellite constellation is expected to further expand the market with enhanced resolution, faster data delivery, and real-time situational awareness at a lower cost, positioning Planet Labs for continued growth in satellite services and data-driven AI solutions.
Planet Labs holds a market cap of $6.18 billion as of September 18, 2026, 23:02 WIB, reflecting its significant presence in the satellite technology sector. Despite the company’s strong revenue growth and strategic expansion into defense and intelligence markets, its stock price on Pluang is down 4.44% at USD 16.23 with a trading volume of over 11 million shares. This trading activity highlights active investor interest in Planet Labs amid its transition toward sustainable profitability and new satellite constellation plans.
Planet Labs reported a strong second quarter with 58% revenue growth and improved gross margins, driven by increased demand for its satellite services in defense and intelligence sectors. The company raised its full-year guidance, supported by a soli...
Space stocks including Rocket Lab, AST SpaceMobile, and Planet Labs dropped significantly on Friday, with Rocket Lab down 5%. The selloff appears driven by sector rotation rather than company-specific news, as AST SpaceMobile, unrelated to Rocket Lab...
