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PLANET LABS PBC

Planet Labs

Planet Labs PBC is an Earth-imaging company. It uses space to help life on Earth by imaging the world every day and making change visible, accessible, and actionable. Its platform includes imagery, insights, and machine learning that empower companies, governments, and communities around the world to make timely decisions about the evolving world. Its solutions are Broad Area Management. Its products are Planet Monitoring, Planet Tasking, Planet Analytic Feeds, Planetary Variables, Planet Basemaps, Planet Insights, and Platform Pricing. The group provides solutions to the Agriculture Science Program, Energy & Infrastructure, Forestry & Land Use, Mapping, Sustainability, Maritime, Civil Government, U.S. State and Local, Europe, Planet Federal, Defense & Intelligence, and Armed Services.

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Shares of companies within the broader industrial sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

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Shares of industrial stocks are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on equities.

Shares of stocks in the broader industrial sector are trading higher amid overall market strength on reports of potentially narrowed or targeted tariffs, which may be easing investor concerns.

Shares of earth imaging company, Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) are <a href="https://www.benzinga.com/pressreleases/25/03/b44457436/planet-signs-deal-with-european-space-agency-enabling-greek-government-to-expand-national-space-se">trading higher on Monday</a>. 
The company has obtained a fresh <a href="https://www.benzinga.com/pressreleases/25/03/b44457436/planet-signs-deal-with-european-space-agency-enabling-greek-government-to-expand-national-space-se">agreement with the European Space Agency</a> (ESA) to assist Greece's National SmallSat Programme.
Signed on behalf of the Hellenic Ministry of Digital Governance, the contract is a part of the nation's Recovery and Resilience Fund (RRF) Greece 2.0 initiative. 
Under this agreement, Greece will utilize the company&#8217;s PlanetScope data to aid in the creation of future services for their national satellite program, promote technological progress, and provide an additional data source that complements their existing national satellite feeds.
Also Read:<a href="https://www.benzinga.com/25/03/44456336/james-hardie-acquires-building-products-maker-azek-for-875b-stock-plummets"> James Hardie To Acquire AZEK In $8.75 Billion Deal, Expanding Its Grip On Outdoor Living Market</a>
&#8220;The Hellenic Space Center (HSC) is coordinating the provision of Planet&#8217;s satellite data, optimizing tasking capabilities, and ensuring seamless integration across the downstream projects of the national satellite program,&#8221; said Earth Observation Officer of HSC, Dimitris Bliziotis.
Planet Labs' PlanetScope satellites deliver near-daily imagery of the Earth&#8217;s surface at a 3-meter resolution. These frequent captures create a detailed, decade-long historical data archive, allowing governments and businesses to make well-informed, prompt decisions based on the satellite&#8217;s wide-ranging coverage. 
&#8220;We are living through a global space renaissance where governments and commercial providers are working hand-in-hand to develop new innovation,&#8221; said Planet&#8217;s Senior Director of Government Sales in EMEA, Martin Polak.
With its global reach, Planet has secured contracts with several international organizations, such as the <a href="https://www.benzinga.com/news/contracts/25/01/43298965/planet-labs-gains-on-multi-year-deal-with-european-space-agency">European Space Agency</a> (ESA) and the Japan Space Agency (JSAT).
The company reported a <a href="https://www.benzinga.com/25/03/44434960/planet-labs-shares-drop-after-q4-miss-below-consensus-q1-fy26-guidance">5% rise in fourth-quarter</a>&nbsp;revenue to $61.6 million, missing the consensus estimate of $61.87 million.
Price Action: PL shares traded higher by 8% at $4.10 at last check Monday.
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Photo by Andrei Armiagov on Shutterstock.

General

Why Is Satellite Imagery Provider Planet Labs' Stock Surging Today?

Planet Labs shares are trading higher after the company announced a partnership with the European Space Agency to enable the Greek government to expand national space services.

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.planet.com%2F&amp;esheet=54227719&amp;newsitemid=20250324988535&amp;lan=en-US&amp;anchor=Planet+Labs+PBC&amp;index=1&amp;md5=ec127450c4c23350a35b0742d78acf4b">Planet Labs PBC</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>), a leading provider of daily data and insights about change on Earth, today announced that they have signed a new contract with the European Space Agency on behalf of the Hellenic Ministry of Digital Governance to support the Greek National SmallSat Programme, funded by the Recovery and Resilience Fund (RRF) Greece 2.0. Using Planet's commercial satellite data, Greece aims to inform and complement the development of their national satellite technology.
Through this contract, Greece will leverage the company's PlanetScope data to support the development of future downstream services for their national satellite data program, enable technological development, and serve as a complementary data source to their national satellite data feeds.
"The Hellenic Space Center (HSC) is coordinating the provision of Planet's satellite data, optimizing tasking capabilities, and ensuring seamless integration across the downstream projects of the national satellite program," said Dimitris Bliziotis, Earth Observation Officer of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fhsc.gov.gr%2Fen%2Fabout%2F&amp;esheet=54227719&amp;newsitemid=20250324988535&amp;lan=en-US&amp;anchor=HSC&amp;index=2&amp;md5=4ed2b10e4167c7340a272d78ae804b02">HSC</a>.
"We are living through a global space renaissance where governments and commercial providers are working hand-in-hand to develop new innovation," said Martin Polak, Planet's Senior Director of Government Sales in EMEA. "We're honored to have signed this contract to inform the new development of Greece's national space services."

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