Planet Labs on the Rise: Billion-Dollar Market for AI Satellite Data Gains Momentum. Major Contract From the German Government.

Planet Labs (PL) is a leading provider of Earth observation data and operates the world's largest fleet of optical imaging satellites. The company delivers daily updated geospatial data and AI-powered analyses for customers from defense, agriculture, environmental and security agencies, as well as the financial sector. The goal is to make global changes visible in near real-time. In the first quarter of 2025, Planet Labs achieved a revenue increase of 10% to $66.3 million, while net loss was halved to $12.6 million. Particularly encouraging:...