Planet Labs PBC
PL-WT
New York Stock Exchange23.71
USD
-2.98
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Planet Labs PBC
PL-WT
(New York Stock Exchange)
Recent
price
23.71
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div
yld
- -
ROIC.AI
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- Business
- Planet Labs PBC (NYSE: PL; PL-WT) provides high-cadence Earth observation data and geospatial analytics through its constellation of over 200 satellites, enabling daily global imaging of landmasses for applications in agriculture, defense, forestry, energy, finance, insurance, mapping, and environmental monitoring. The company offers Planet Monitoring for continuous planetary variables and change detection; Planet Tasking for on-demand high-resolution imaging via SkySat and Pelican satellites; Planet Fusion for combining multi-source data into analytics feeds; hyperspectral imaging through Tanager satellites delivering full-spectrum visible and shortwave infrared data for methane detection and material identification; archive access to historical imagery; application programming interfaces; basemaps; and AI-powered insights including vessel detection, forest carbon monitoring, and maritime domain awareness. Planet operates worldwide, serving commercial enterprises, government agencies, and research institutions from its headquarters in San Francisco, California, where it was founded in 2010. In recent developments, Planet completed a $460 million convertible senior notes offering in September 2025; signed a $230 million multi-year agreement in January 2025 to build and operate Pelican satellites for an Asia-Pacific partner; launched Pelican-5, Pelican-6, and 36 SuperDoves in November 2025 aboard SpaceX Transporter-15; secured a $19.95 million NASA Commercial SmallSat Data Acquisition order in November 2024 under a contract extending through 2028; renewed a $7.5 million US Navy contract in October 2025 for Pacific vessel monitoring; expanded partnerships with an international defense customer, US Department of Defense pilots, Laconic for forest carbon products, and Quantum Systems for drone integration; and announced plans for a new Pelican satellite manufacturing facility in Berlin, Germany, to support European contracts including with NATO and the German government.