Planet Labs opens Berlin facility while Planet Labs stock gains 1.39 percent

Published on 10/02/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Planet Labs revenue reached USD 116.10 million, up 58.00 percent year over year. Planet Labs stock costs EUR 14.60 on October 2, 2026 versus EUR 14.40.

PL, US72703X1063, Illustration mit AI erstellt.

Planet Labs (ISIN US72703X1063) opened its new Berlin satellite manufacturing facility on September 22, 2026, while Planet Labs stock was trading at EUR 14.60 at Lang & Schwarz on October 2, 2026, up 1.39 percent versus the EUR 14.40 prior close. The Berlin site adds a concrete production milestone to the companys expanding European operations.

Berlin facility adds production capacity

According to Satellite Today on September 22, 2026, the 5,700-square-meter facility has completed its cleanroom fit-out and is scheduled to begin production of Pelican satellites in the fall. The site is designed to scale to 60 satellites annually and is expected to employ 70 additional people alongside Planet's existing Berlin team.

The first Berlin-built Pelican satellites are scheduled for completion before the end of 2026 and launch on an Isar Aerospace rocket in early 2027. That timeline links the facility to a defined operating milestone rather than only to longer-term expansion plans.

Revenue growth meets improving profitability

In its fiscal second-quarter report dated September 3, 2026, Planet Labs reported revenue of USD 116.10 million for the three months ended July 31, 2026, up 58.00 percent from USD 73.39 million in the comparable fiscal 2026 quarter. Adjusted EBITDA rose to USD 13.90 million from USD 6.41 million, while the GAAP net loss narrowed to USD 9.35 million from USD 22.59 million.

Planet also raised its operational ambition for fiscal 2027 with revenue guidance of USD 430 million to USD 441 million and adjusted EBITDA guidance of USD 3 million to USD 10 million. The current quarter guidance calls for USD 101 million to USD 105 million in revenue through October 31, 2026, with non-GAAP gross margin of 56.00 percent to 58.00 percent.

Stock gains in afternoon trading

Planet Labs stock was trading at EUR 14.60 at Lang & Schwarz on October 2, 2026, at 12:31 p.m. CEST. The price was up 1.39 percent versus the Lang & Schwarz prior close of EUR 14.40 on October 1, 2026. The primary listing is on the NYSE in USD, where the latest finance quote showed a market capitalization of USD 5.4 billion and a 52-week range of USD 10.52 to USD 51.76 as of October 1, 2026.