On September 3, Planet Labs Pbc rose 5.56% in after-hours trading, trading at approximately $19.52 per share, with turnover of $11.63 million. The stock had declined over 5% during regular trading due to pre-earnings selling pressure, but largely recovered those losses after hours.

The rebound was driven by the company's release of its fiscal year 2027 first-quarter earnings report after the close. Market reaction to the results was notably positive, reversing the day's intraday losses. Additionally, the company announced a seven-figure, one-year contract with a European defense and intelligence client to supply proprietary mosaic imagery and customized advisory services supporting operational planning initiatives.

On the operational front, the company's Tanager-2 satellite and 18 SuperDove satellites have arrived at Vandenberg Space Force Base ahead of launch on SpaceX's Transporter-18 rideshare mission. Tanager-2 is designed to double the company's hyperspectral capacity and halve revisit times for methane detection. The company also recently received a Buy rating initiation from Berenberg Bank with a $25 price target, while analysts polled by FactSet maintain an average overweight rating with a mean target of $41.

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