$PL

Robinson Kristen sold 40,000 indirectly-held shares of Planet Labs PBC (PL) at $14.14 ($0.57M total) on 2026-10-15 under a Rule 10b5-1 trading plan.

Morgan Stanley reduced its price target for Planet Labs PBC from $35 to $19. The company's stock is currently trading at $14.54, up 2.90% in pre-market. Planet Labs recently won a satellite services tender from the German government.

Planet Labs (PL) reported record Q2 2027 revenue of $116M, up from prior year, driven by satellite services. Satellite deals contribute 12% of revenue, up from 1%. Q3 revenue forecast is $101M-$105M. Defense and Intelligence revenue grew 90% YoY. Stock is down 55% in 6 months, trading at 14.4x sales. Gross margin was 59% in Q2, with guidance of 56-58% for Q3.

Planet Labs' subsidiary Sinergise Solutions was selected by the European Space Agency to build Slovenia's Space Resilience Node, a 12-month pilot project for automated satellite monitoring and emergency response. The system will use open Copernicus data and PlanetScope imagery to detect anomalies and trigger high-resolution imaging for Slovenia's civil protection agency. Planet Labs PBC (NYSE: PL) is the parent company, aiming to scale this technology across Europe.

The European Space Agency (ESA) selected Planet Labs (NYSE: PL) to develop a wildfire monitoring pilot in Slovenia. The project, in partnership with Lucis d.o.o., will use satellite data to alert emergency responders. Planet's technology will analyze open Copernicus data and PlanetScope imagery, triggering high-resolution imaging requests. Planet has collaborated with ESA for over a decade, contributing to Copernicus and other programs.

Planet Labs (PL) is diversifying into custom satellite manufacturing for government clients, with Q2 2027 revenue up 58% YoY, driven by a 90% increase in defense and intelligence sales. The company booked 12% of Q2 revenue at delivery, up from 1% YoY, and has a $4B pipeline of potential orders. However, PL reported a net loss of 95.1% of revenue over the past year, and Q3 guidance suggests volatility in sales and margins.

Planet Labs PBC (NYSE:PL) gained attention from Jim Cramer, who recommended buying the stock, citing its growth and lack of direct competition. The company reported 58% revenue growth to $116.1 million in Q2 FY2027, with adjusted EBITDA doubling to $13.9 million. It secured a €25 million contract with the German government. Despite competition and a GAAP net loss of $9.4 million, institutional interest is growing, with 53 hedge funds holding shares in Q2.

SpaceX (SPCX) gained 1% this week, while peers like Redwire (RDW), Rocket Lab (RKLB), AST SpaceMobile (ASTS), and Planet Labs (PL) declined. SpaceX acquired Grain Management's spectrum for $8B, pending FCC approval, and secured a deal with American Airlines for Starlink. Up to 328.4M SPCX shares may become eligible for sale on Friday. Other companies reported mixed operational updates and market sentiment.

AST SpaceMobile (ASTS) fell 7% to $56.40 after SpaceX received FCC approval for direct-to-phone satellite service, threatening ASTS's carrier-dependent model. Rocket Lab (RKLB) and Planet Labs (PL) also declined. ASTS seeks Japanese government funding for its satellite partnership with Rakuten, pending final approvals.

Planet Labs PBC (PL) launched 20 satellites, including prototypes for Google's Project Suncatcher and Tanager-2. Despite recent stock declines, long-term returns remain positive. The company's valuation is debated, with some analysts suggesting it is undervalued at $17.36 compared to a fair value estimate of $31.00, while others point to a high P/S ratio of 16.7x.