On July 2, Planet Labs Pbc rose 5.08% in regular trading, trading at $33.2/share, with turnover of $48.28 million.

On the news front, Planet Labs Germany announced it has signed a strategic launch agreement with European rocket startup Isar Aerospace. Financial terms were not disclosed. Under the agreement, Isar Aerospace will provide European-localized launch capability support for Planet Labs' satellite constellation. Notably, Isar Aerospace recently completed a €270 million funding round at a €2 billion valuation, positioning it as one of Europe's leading commercial space enterprises.

The agreement comes amid strong sector momentum following Rocket Lab's $8 billion acquisition of Iridium Communications, which has broadly elevated commercial space asset valuations. Planet Labs also recently secured an eight-figure contract renewal with the U.S. National Geospatial-Intelligence Agency for maritime surveillance services, reinforcing its government revenue pipeline. The stock has gained over 16% in the past five trading days as investors reassess the strategic value of satellite data assets.

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