Stock Track | Planet Labs PBC Soars 9.89% in Pre-Market on New European Space Agency Deal

Stock Track

Jan 29, 2025

Planet Labs PBC (NYSE: PL) saw its stock soar 9.89% in pre-market trading on Wednesday, following a deal announced with the European Space Agency (ESA) that will see Planet contribute commercial satellite data to the Copernicus Contributing Missions.

The multi-year contract will involve Planet providing its near-daily PlanetScope satellite imagery and high-resolution SkySat imagery to complement ESA's existing Sentinel satellite data offerings. This move expands ESA's data portfolio to include diverse commercial data from New Space companies like Planet.

Planet has a long-standing collaboration with ESA spanning over a decade, previously contributing imagery through ESA's Earthnet Programme for applications like land use monitoring and climate change research. The new deal cements Planet as a crucial data provider for ESA's initiatives, validating its technological capabilities and boosting its growth potential in the geospatial solutions market.

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This move expands ESA's data portfolio to include diverse commercial data from New Space companies like Planet.</p>\n\n<p>Planet has a long-standing collaboration with ESA spanning over a decade, previously contributing imagery through ESA's Earthnet Programme for applications like land use monitoring and climate change research. The new deal cements Planet as a crucial data provider for ESA's initiatives, validating its technological capabilities and boosting its growth potential in the geospatial solutions market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PL","symbol_name":"Planet  Labs Pbc","start_time":0,"source_url":"","article_id":"1167811611","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167811611","pubTimestamp":1738141703,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Planet Labs PBC  saw its stock soar 9.89% in pre-market trading on Wednesday, following a deal announced with the European Space Agency  that will see Planet contribute commercial satellite data to the Copernicus Contributing Missions.The multi-year contract will involve Planet providing its near-daily PlanetScope satellite imagery and high-resolution SkySat imagery to complement ESA's existing Sentinel satellite data offerings. 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