NYSE:PLProfessional Services
Planet Labs (PL) Is Down 29.5% After Launching US$1.5 Billion ATM Offering And Raising Guidance
In early June 2026, Planet Labs PBC reported first-quarter revenue of US$94.15 million versus US$66.27 million a year earlier, alongside a net loss of US$138.87 million and filed a new shelf registration for an at-the-market follow-on equity offering of up to US$1.50 billion in Class A common stock.
At the same time, Planet advanced its Pelican satellite roadmap with the Pelican-11 tech demonstrator and issued stronger revenue guidance, highlighting a business balancing heavy investment,...