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PL News30 articles
NASA to Test Planet Labs' Hyperspectral Satellite Data for Earth Science
NASA has ordered a major evaluation of Planet Labs' Tanager hyperspectral data, covering over 250,000 square kilometers, to assess its suitability for scientific research.
Google to Launch First Project Suncatcher Satellite with Four TPUs
Google's first Project Suncatcher satellite, carrying four Trillium TPUs, will launch October 1 to test AI accelerators in low Earth orbit.
Planet Labs Stock Retreats Despite Record Revenue as Backlog Drops
Planet Labs (PL) posted record quarterly revenue, but a shrinking backlog and soft Q3 guidance sent shares lower after an initial premarket spike.
Planet Labs Stock Slides 9.5% as New Defense Deal Adds Little to Backlog
Planet Labs shares dropped 9.5% after announcing a one-year defense contract valued at up to $10 million, representing only 1.1% of its backlog. Investors await Q2 earnings.
Space Stocks Struggle Despite SpaceX's Nasdaq-100 Debut
SpaceX's inclusion in the Nasdaq-100 hasn't reversed the selloff in space stocks, with peers like Rocket Lab and Planet Labs declining sharply despite technical milestones.
Rocket Lab Nears Deal Collar as Iridium Merger Focuses on VWAP
Rocket Lab premarket at $100.46, Iridium at $53.75, just under $54 deal price. Merger terms depend on RKLB VWAP within the collar. Iridium's $871.7M revenue could transform Rocket Lab's financials.
Rocket Lab's $8B Iridium Deal Puts Spotlight on Space Stocks' Cash Flow
Rocket Lab's $8 billion acquisition of Iridium shifts investor focus to cash-flow metrics in space stocks, as the sector rallies amid SpaceX's Nasdaq-100 inclusion.
Rocket Lab Set for Nasdaq-100 Debut After Holiday Rebound
Rocket Lab enters the Nasdaq-100 on Monday after a 4.7% weekly gain, though shares are still 29% below their May high. Index inclusion could spur passive flows, but sector volatility from SpaceX and execution risks remain key.
SpaceX ETF Frenzy Sparks Concerns Over Retail Investor Risk
SpaceX's first week as a public company saw over $10 billion in leveraged ETF trading and record ARK Innovation flows, raising concerns about retail investor risk amid high volatility.
ARK Invest Acquires 3.3 Million SpaceX Shares on IPO Day, Exits Teradyne, Iridium, Archer
ARK Invest acquired nearly 3.3 million SpaceX shares on its IPO day, funding the purchase by selling stakes in Teradyne, Iridium, Twist Bioscience, and Archer Aviation.
Space Stocks Reel as SpaceX's $2.1 Trillion Debut Reshapes Sector
SpaceX's $75B IPO sent shockwaves through the space sector, with smaller players like Rocket Lab and AST SpaceMobile hit hard. All eyes are on AST's upcoming satellite launch.
SpaceX Soars 19% on Nasdaq Debut, Musk Becomes First Trillionaire
SpaceX surged 19% on its first trading day, closing at $160.95 and achieving a $2.1 trillion market cap. Elon Musk's net worth hit trillionaire status, while Virgin Galactic and Rocket Lab shares fell sharply.
SpaceX IPO Triggers Sector Rotation Away from Smaller Space Stocks
SpaceX's IPO surged 19% to $160.95, sparking a broad selloff in space stocks as investors rotated capital. Rocket Lab fell 10.8%, AST SpaceMobile dropped 15.5%.
Wall Street Edges Higher on SpaceX IPO Surge and Falling Oil Prices
U.S. stocks closed higher on Friday, lifted by a strong SpaceX debut and lower oil prices. The S&P 500 rose 0.5% to 7,431.46, while the Dow gained 0.7%.
Planet Labs Surges on SpaceX IPO Buzz, Dilution Risks Loom
Planet Labs surged 11% as space stocks rallied ahead of SpaceX's $75B IPO, but a $1.5B at-the-market program and ongoing losses raise dilution concerns.
Redwire Stock Drops 6.5% on $500M ATM Offering Plan
Redwire Corp shares fell 6.5% to $17.37 after filing a $500M at-the-market stock program, raising dilution concerns despite record backlog and strong revenue growth.
Planet Labs Stock Plunges 26% on $1.5B ATM Offering Despite Record Revenue
Planet Labs shares plummeted 26% after unveiling a $1.5B at-the-market stock sale program, sparking dilution fears despite record revenue and government contract wins.
Planet Labs Shares Tumble 22% on $1.5 Billion ATM Stock Sale Plan
Planet Labs shares plunged 22% after announcing a $1.5 billion ATM stock sale, raising dilution fears despite record Q1 revenue and raised guidance.
Planet Labs Q1 Revenue Surges 42% to Record $94.2M, Backlog Hits $906M
Planet Labs posted record Q1 revenue of $94.2M, up 42% YoY, beating estimates. Backlog surged 72% to $906M on defense demand, but net loss ballooned to $138.9M on a $106.5M warrant revaluation.
Redwire Shares Surge on Space Strawberry Contract
Redwire shares soared 14.6% to $21.33 after winning a contract to grow strawberries on the ISS, but the undisclosed deal value leaves near-term financial impact uncertain.
Planet Labs Rallies Ahead of Holiday; Q1 Earnings in Focus
Planet Labs shares climbed 4.3% to $44.35 on Friday, up 6.6% for the week. The company will report fiscal first-quarter results on June 4.
Planet Labs Shares Dip But End Week Higher on Satellite Launches and European Contract
Planet Labs shares closed at $41.62 on Friday, down 3.3%, but posted a weekly gain of 6.6% amid new satellite launches and a European contract win.
Planet Labs Surges 11% on Greek Satellite Imaging Deal, Signaling EU Demand
Planet Labs shares surged 10.8% after a two-year, seven-figure contract with Greece's National Satellite Space Project, signaling growing European demand for satellite imagery.
Intuitive Machines Surges 20% Ahead of Lunar Mission and Earnings
Intuitive Machines shares surged 20.2% to $28.97, reversing a prior drop, ahead of its Q1 earnings report and a key lunar mission test.
LUNR Surges 20% as Space Stocks Rally Ahead of Earnings Report
Intuitive Machines stock surged 20% to $28.97 on heavy call option volume ahead of its May 14 earnings report, joining a broader space sector rally led by Rocket Lab's 34% jump.
Planet Labs Deploys Swedish Military Satellite Via SpaceX Rideshare
Planet Labs launched three Pelican satellites on a SpaceX rideshare, including the first for its Swedish Armed Forces deal. The satellites feature high-res imaging and Nvidia Jetson edge computing.
Space Sector Stocks Rally as SpaceX IPO Speculation Intensifies
Shares of several publicly traded space companies jumped sharply Monday as market participants positioned for SpaceX's expected initial public offering later this year.
PlanetiQ's New Satellite Boosts NOAA Weather Coverage
PlanetiQ's GNOMES-11 satellite has entered commissioning, adding a new orbital path to meet NOAA's enhanced sampling requirements. The fleet is approaching 20,000 daily profiles.
Roman Telescope Nails Pointing Test, Exoplanet Imaging Next
NASA's Roman Space Telescope achieved precise pointing stability during recent tests, paving the way for its coronagraph to attempt direct imaging of exoplanets.
Planet Fitness Shares Dive 31% on Slashed 2026 Outlook and Membership Woes
Planet Fitness shares plummeted 31% after the company slashed its 2026 growth targets and paused a planned Black Card price hike due to weak member growth and increased competition.