Latest news with #WillMarshall
Yahoo
03-07-2025
- Business
- Yahoo
Why Planet Labs Soared Today
Planet Labs shares rose after announcing a major multiyear satellite imaging deal with the German government. The 240 million euro agreement expands Planet Labs' role in European defense and security, building on recent contracts with U.S. agencies. The company occupies a unique niche with high growth potential, but investors should be aware of risks such as possible share dilution. 10 stocks we like better than Planet Labs Pbc › Shares of Planet Labs (NYSE: PL) climbed on Thursday, closing up 11.2% as of the 1 p.m. ET early market close for the Fourth of July holiday. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.8% and 1%, respectively. Planet Labs, a satellite imaging company, signed a major deal earlier this week that is continuing to boost shares. The company announced on Tuesday that it has signed a deal with the German government to provide satellite imagery and geospatial data "in support of European peace and security." The multiyear, 240 million euro agreement also includes artificial intelligence (AI)-powered intelligence from the imagery and data Planet Labs provides. The deal marks a major step in the company's push into Europe and defense and security-related applications. In a statement, Will Marshall, CEO and co-founder of Planet Labs, said of the deal, "With the changing geopolitical landscape, the demand for sovereign access to geospatial intelligence is more urgent than ever before, and Planet's satellite services model is uniquely designed to enable large area security monitoring." This could be the first of many such deals, as countries across Europe commit to increasing defense spending after last month's NATO summit. Although the contracts are smaller in scope, this month saw the company announce several other significant contracts with the U.S. Department of Defense and the U.S. Navy. Although the stock is not cheap and investors should be aware of possible dilution as the company raises money to fund growth, I think Planet Labs is a good pick for those with a high risk tolerance. The company operates in a unique niche that has a lot of potential. Before you buy stock in Planet Labs Pbc, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Planet Labs Pbc wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Planet Labs Soared Today was originally published by The Motley Fool
Yahoo
01-07-2025
- Business
- Yahoo
Planet Labs to Host Business Momentum Update
SAN FRANCISCO, June 26, 2025--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily Earth imaging and geospatial solutions, today announced it will host a press conference to provide an update on recent business momentum in the Defense & Intelligence sector. What: "Business Momentum Update" Who: Co-founder & CEO Will Marshall, President & CFO Ashley Johnson and additional executives will deliver remarks and be available for questions. When: Tuesday, July 1, 2025, at 9:00 AM PT Where: Virtual press conference via webcast. Details on how to access the webcast will be provided upon RSVP. RSVP: Media interested in attending the virtual press conference must RSVP to be admitted. All questions will be taken and responded to in English. Attendees can pre-register for the press conference at You will receive your access details via email. The webcast replay will be available at the same URL approximately two hours following the event, and will remain accessible for playback. For media inquiries, contact press@ About Planet Labs PBC Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to customers comprising the world's leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit and follow us on X (formerly Twitter) or tune in to HBO's 'Wild Wild Space'. View source version on Contacts Press Contact Trevor HammondPlanet Labs PBCpress@ Investor Contact Cleo Palmer-PoronerPlanet Labs PBCir@
Business Wire
01-07-2025
- Business
- Business Wire
Planet Secures Four Major Wins for AI-Enabled Solutions in the Defense and Intelligence Sector
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced that following its June 4, 2025 earnings announcement, it has secured four major awards for its new AI-enabled solutions with customers in the Defense & Intelligence sector. These wins build on the global momentum discussed on Planet's last earnings call. Planet Labs PBC today announced it has secured four major awards for its new AI-enabled solutions with customers in the Defense & Intelligence sector. These contracts support enhanced situational awareness and informed decision-making for government customers in the U.S. and internationally. They underscore the growing demand for Planet's modern approach to national security, leveraging its proprietary satellite data and advanced artificial intelligence (AI) capabilities. Among the key agreements being highlighted: As announced today in a separate press release, Planet won a €240 million contract, funded by Germany, one component of which is a multi-year contract renewal with an 8-figure annual value for PlanetScope data and AI-enabled solutions. In addition, Planet's existing Hybrid Space Architecture (HSA) contract with the Defense Innovation Unit (DIU), part of the U.S. Department of Defense, was recently expanded in support of the U.S. Indo-Pacific Command (INDOPACOM). It will provide AI-enabled solutions focused on delivering vital indications and warnings for national security. As the U.S. government modernizes its defense capabilities, Planet's broad area data and AI advancements are designed to enable customers to monitor entire countries or regions for critical changes and threats. Planet signed a seven-figure expansion with the U.S. Navy to provide Maritime Domain Awareness over the Pacific Ocean region. Finally, as announced on June 12, 2025, Planet was selected by NATO for a seven-figure contract to deliver persistent space-based surveillance, enhanced indications and warnings, and critical Maritime Domain Awareness functions. These wins build on the momentum highlighted in Planet's other recent announcements, which include another 8-figure annual contract value win with a European defense and intelligence customer for PlanetScope and Maritime Domain Awareness (MDA) products, as announced on Planet's prior earnings call. Additionally, Planet was recently awarded a contract option by the National Reconnaissance Office (NRO) as part of the Electro-Optical Commercial Layer (EOCL) program. This extends Planet's provision of daily monitoring and high-resolution tasking data, maintaining its prior EOCL performance level from June through October 2025. 'As shared on our recent earnings call, the changing geopolitical landscape and modernization of security capabilities are driving unprecedented interest in our solutions,' said Will Marshall, Planet's Chief Executive Officer and Co-Founder. 'Today's announcements highlight the strong demand for AI-enabled solutions and our data, demonstrated by the multiple contracts with an eight-figure annual contract value.' Will Marshall continued, 'Our strategic decision to focus on AI-enabled solutions built on our daily satellite data was clearly the right decision. Nations are showing strong interest in these solutions for 'peripheral vision' – the ability to identify and understand threats across their region.' Planet's unique dataset, ideal for AI models and building next-generation solutions, includes daily scans of approximately 150 million square kilometers of land and 20 million square kilometers of critical ocean territory, complemented by an archive of over 3,000 images for every point on land. This wide-area monitoring capability empowers customers to uncover new threats, or "unknown unknowns," across vast land and ocean territories, moving beyond traditional "reconnaissance"-based intelligence gathering that primarily focuses on known threats. 'These wins clearly demonstrate the results of our go-to-market and product focus,' said Ashley Johnson, President and CFO. 'As shared in our prior earnings call, we're making a strategic shift towards downstream solutions, which is validated with significant customer wins such as those announced today. We look forward to sharing more on our Q2 call.' Planet is not updating its previously issued financial guidance for this fiscal year, which was provided on June 4, 2025. Planet will host a Press Briefing for members of the media today, July 1, 2025, at 12:00 p.m. ET / 9:00 a.m. PT. The live webinar can be accessed at and requires registration to participate. Concurrent with today's announcement, Planet has launched a new Defense & Intelligence section of its website, which can be accessed at About Planet Labs PBC Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to customers comprising the world's leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit and follow us on X (formerly Twitter) or tune in to HBO's 'Wild Wild Space.' Forward-looking Statements Certain statements contained in this press release are 'forward-looking statements' about Planet within the meaning of the securities laws, including statements about Planet's future cash flows and revenue, Planet's strategic partnerships, the expansion of the high resolution capacity of Planet's fleet and the delivery of such capacity to Planet customers, and Planet's future growth in new and existing markets. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in Planet's filings with the Securities and Exchange Commission. Planet does not undertake an obligation to update its forward-looking statements to reflect future events, except as required by applicable law.
Business Wire
01-07-2025
- Business
- Business Wire
Planet Awarded €240 Million Satellite Services Deal
BERLIN--(BUSINESS WIRE)--Planet Labs Germany GmbH, a leading provider of daily data and insights about Earth, today announced a multi-year €240 million agreement, funded by the German government, in support of European peace and security. Through the agreement, Planet will provide dedicated capacity and direct downlink services on Pelican satellites over specific European regions. This deal also includes access to PlanetScope and SkySat data, along with AI-enabled solutions for enhanced situational awareness and maritime domain awareness. Planet Labs Germany GmbH today announced a multi-year €240 million agreement, funded by the German government, in support of European peace and security. The contract will provide high-resolution imagery and timely intelligence via dedicated capacity on Pelican satellites, including those being built for our previously announced satellite services agreement. This satellite services 'dedicated capacity' model offers a cost-effective and efficient way for customers to gain access to advanced space-based capabilities without the operational complexities of building and maintaining their own satellite infrastructure. 'We are incredibly proud to expand our vital collaboration with Germany as they rapidly enhance and bolster regional peace and stability,' said Will Marshall, CEO and Co-Founder. 'With the changing geopolitical landscape, the demand for sovereign access to geospatial intelligence is more urgent than ever before, and Planet's satellite services model is uniquely designed to enable large area security monitoring. With over 600 Earth imaging satellites built and deployed, and its agile aerospace approach, Planet's unparalleled experience empowers customers to achieve their critical monitoring needs for peace and security with confidence, quickly and cost effectively.' This strategic initiative underscores Planet's commitment to delivering high-performance satellite solutions that meet the evolving needs and increasing demand of its global network of customers. Planet is uniquely equipped to deliver on the complex and immediate needs of governments, combining a proven track record of hundreds of operational satellites, efficient satellite manufacturing, and constellation-scale operations to deliver best-in-class capabilities at a competitive price point. 'With a long history in Germany, Planet Labs Germany GmbH in Berlin proudly serves as our European headquarters,' said Martin Polak, Managing Director of Planet Labs Germany GmbH. 'Our talented European team plays a crucial role, contributing significantly to the global management of Planet's constellation and driving our extensive business across the EMEA region. This agreement powerfully underscores the unique value we deliver to Germany's long-term security interests. We are proud to deliver the space-based information and tools that Europe urgently needs at this critical time.' Building on Planet's recent and pivotal agreement with NATO, this further solidifies Planet's position as a trusted and essential partner for customers seeking to bolster their strategic capabilities. These agreements across Europe reflect a global imperative for enhanced daily monitoring, early warning and responsive space capabilities, as governments navigate a complex and rapidly shifting geopolitical landscape. This contract will leverage satellites already under development. Planet expects to begin recognizing revenue in January 2026, ramping up over several years. As a result, Planet is not updating its previously issued financial guidance for this fiscal year, which was provided on June 4, 2025. About Planet Planet Labs Germany GmbH is part of the Planet group and is based at Planet's European headquarters in Berlin. Planet Labs PBC (NYSE: PL) is the parent company of the Planet group with global headquarters in San Francisco, USA. Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to customers comprising the world's leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet Labs PBC is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit and follow us on X (formerly Twitter) or tune in to HBO's 'Wild Wild Space'. Forward-looking Statements Certain statements contained in this press release are 'forward-looking statements' about Planet within the meaning of the securities laws, including statements about Planet's future cash flows and revenue, Planet's strategic partnerships, the expansion of the high resolution capacity of Planet's fleet and the delivery of such capacity to Planet customers, and Planet's future growth in new and existing markets. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in Planet's filings with the Securities and Exchange Commission. Planet does not undertake an obligation to update its forward-looking statements to reflect future events, except as required by applicable law.
Yahoo
26-06-2025
- Business
- Yahoo
Planet Labs to Host Business Momentum Update
SAN FRANCISCO, June 26, 2025--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily Earth imaging and geospatial solutions, today announced it will host a press conference to provide an update on recent business momentum in the Defense & Intelligence sector. What: "Business Momentum Update" Who: Co-founder & CEO Will Marshall, President & CFO Ashley Johnson and additional executives will deliver remarks and be available for questions. When: Tuesday, July 1, 2025, at 9:00 AM PT Where: Virtual press conference via webcast. Details on how to access the webcast will be provided upon RSVP. RSVP: Media interested in attending the virtual press conference must RSVP to be admitted. All questions will be taken and responded to in English. Attendees can pre-register for the press conference at You will receive your access details via email. The webcast replay will be available at the same URL approximately two hours following the event, and will remain accessible for playback. For media inquiries, contact press@ About Planet Labs PBC Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to customers comprising the world's leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit and follow us on X (formerly Twitter) or tune in to HBO's 'Wild Wild Space'. View source version on Contacts Press Contact Trevor HammondPlanet Labs PBCpress@ Investor Contact Cleo Palmer-PoronerPlanet Labs PBCir@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
