New York, January 27, 2026, 14:49 EST — Regular session
- Planet Labs shares were up about 9% in afternoon trade as traders digested a new Slovenia government agreement
- The company said Slovenian agencies will get satellite imagery and high-resolution “tasking” services; terms were not disclosed
- Investors are now looking to late-March earnings for clues on how fast recent government wins are turning into revenue
Planet Labs PBC (PL) shares rose about 9% on Tuesday, extending a recent run, after the satellite-imaging firm disclosed a new enterprise agreement with Slovenia’s national surveying and mapping authority. The stock was trading around $28.20 and had moved between $25.73 and $28.69 in the session.
For Planet, the timing matters. Investors have been treating contract headlines as a quick read on whether the company can turn its large imagery archive into steadier government and public-sector demand.
That’s the bet behind the trade: recurring data contracts can be sticky, but they tend to arrive in uneven chunks and are hard to model quarter to quarter. A small deal won’t fix that, but a pattern of them can.
The Slovenia agreement gives state and municipal authorities access to PlanetScope imagery and high-resolution tasking, in which customers can request fresh images over specific locations. The data is slated for agriculture monitoring, urban and infrastructure planning, and faster response to wildfires, droughts and floods. Financial terms were not disclosed.
“Our mission at GURS is to provide the highest quality geodetic and spatial data,” Tomaž Petek, director-general of Slovenia’s Surveying and Mapping Authority, said in a statement. Planet Labs Germany managing director Martin Polak said Slovenia would be working from “a single, fresh, and consistent” satellite data resource. Business Wire
Planet sells satellite imagery and geospatial products to governments and companies that need frequent views of what is changing on the ground — crops, forests, construction sites, waterways, disaster zones. The pitch is speed and coverage, not one-off pictures.
The deal also lands as European governments lean harder on remote sensing for compliance and reporting, especially around land use and climate-related risks. That push has helped lift demand for monitoring services that can be updated daily.
In the small group of publicly traded “space data” names, Planet’s closest listed peers include BlackSky Technology and Spire Global, both of which also sell data products to government and commercial customers. Planet has stood out for the scale of its imaging fleet and its push into higher-resolution tasking.
Still, there’s a catch for traders chasing the move: without contract value or duration, the market is filling in blanks. Any sign that the pipeline is thinner than the tape implies — or that deployments take longer than customers expect — can hit a stock that has been trading like a momentum name.
Next up is the calendar. Planet’s fiscal year ends January 31, and investors are looking toward the next results update, with market calendars pointing to a late-March earnings release — Investing.com lists March 26 — for clearer numbers on bookings, renewal rates and how much of these government deals are actually landing in revenue.
