Planet Labs Inc. (PL) has climbed 600% over the past year, fueled by a major new contract and growing integration between satellite technology and artificial intelligence, with Google’s backing amplifying investor confidence and market momentum.
- Planet Labs (PL) stock up 600% in one year
- New $140 million contract with government and commercial partners
- Strategic integration with Google Cloud for AI-powered satellite analytics
- 70% improvement in automated image feature detection using AI
- Forward P/E of 45 and 38% projected CAGR in revenue through 2028
- 12 new satellites planned for launch by end of 2026
Planet Labs Inc. (PL) has emerged as one of the most volatile and rewarding equities in the space technology sector, posting a 600% increase in stock value over the past 12 months. The surge follows a newly announced government and commercial data-sharing agreement that expands access to high-frequency Earth observation imagery. The contract, valued at $140 million over five years, marks a significant milestone in the company’s commercial expansion and validates its near-real-time monitoring capabilities. The company’s rapid ascent is closely tied to its strategic alignment with artificial intelligence, particularly through its collaboration with Google Cloud. This integration enables advanced analytics on satellite data, accelerating insights in agriculture, disaster response, and climate tracking. Analysts point to the convergence of space-based data collection and AI-driven processing as a key catalyst for future growth. A recent internal model developed by Planet Labs' engineering team demonstrated a 70% improvement in automated feature detection using AI, significantly reducing analysis time. Market participants have taken notice. In the last quarter, institutional holdings in PL increased by 32%, with several hedge funds adding positions. The stock now trades at a forward P/E of 45, reflecting elevated expectations for revenue growth. Google’s continued investment in Planet Labs—estimated at $200 million in infrastructure and cloud support—has further solidified the company’s competitive edge in the global space data ecosystem. With demand for geospatial intelligence rising across sectors, analysts project PL’s revenue could grow at a 38% compound annual rate through 2028, driven by expansions in both public and private markets. The company has also announced plans to launch 12 additional satellites by the end of 2026, increasing its constellation’s revisit rate to under six hours.